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Rare Earth Magnesium Technology Group Holdings (STU:GPS) Return-on-Tangible-Equity : -84.86% (As of Dec. 2023)


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What is Rare Earth Magnesium Technology Group Holdings Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Rare Earth Magnesium Technology Group Holdings's annualized net income for the quarter that ended in Dec. 2023 was €-72.88 Mil. Rare Earth Magnesium Technology Group Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was €85.88 Mil. Therefore, Rare Earth Magnesium Technology Group Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -84.86%.

The historical rank and industry rank for Rare Earth Magnesium Technology Group Holdings's Return-on-Tangible-Equity or its related term are showing as below:

STU:GPS' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -52.87   Med: -2.61   Max: 25.27
Current: -50.95

During the past 13 years, Rare Earth Magnesium Technology Group Holdings's highest Return-on-Tangible-Equity was 25.27%. The lowest was -52.87%. And the median was -2.61%.

STU:GPS's Return-on-Tangible-Equity is not ranked
in the Metals & Mining industry.
Industry Median: -15.97 vs STU:GPS: -50.95

Rare Earth Magnesium Technology Group Holdings Return-on-Tangible-Equity Historical Data

The historical data trend for Rare Earth Magnesium Technology Group Holdings's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Rare Earth Magnesium Technology Group Holdings Return-on-Tangible-Equity Chart

Rare Earth Magnesium Technology Group Holdings Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.43 -5.12 -26.65 0.13 -51.78

Rare Earth Magnesium Technology Group Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -45.96 -18.58 19.48 -23.16 -84.86

Competitive Comparison of Rare Earth Magnesium Technology Group Holdings's Return-on-Tangible-Equity

For the Other Industrial Metals & Mining subindustry, Rare Earth Magnesium Technology Group Holdings's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Rare Earth Magnesium Technology Group Holdings's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rare Earth Magnesium Technology Group Holdings's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Rare Earth Magnesium Technology Group Holdings's Return-on-Tangible-Equity falls into.



Rare Earth Magnesium Technology Group Holdings Return-on-Tangible-Equity Calculation

Rare Earth Magnesium Technology Group Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=-49.738/( (125.422+66.696 )/ 2 )
=-49.738/96.059
=-51.78 %

Rare Earth Magnesium Technology Group Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=-72.884/( (105.072+66.696)/ 2 )
=-72.884/85.884
=-84.86 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Rare Earth Magnesium Technology Group Holdings  (STU:GPS) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Rare Earth Magnesium Technology Group Holdings Return-on-Tangible-Equity Related Terms

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Rare Earth Magnesium Technology Group Holdings (STU:GPS) Business Description

Traded in Other Exchanges
Address
The Gateway, 16th Floor, Tower 5, Tsim Sha Tsui, Kowloon, Harbour city, Hong Kong, HKG
Rare Earth Magnesium Technology Group Holdings Ltd is to develop, produce and sell magnesium alloy series products. The company is principally engaged in one single segment, which is manufacturing and selling magnesium-related products. The company's products include magnesium ingots, semi-coke, and ferroalloy. Geographically, it derives the majority of its revenue from Mainland China and also has a presence in Europe.

Rare Earth Magnesium Technology Group Holdings (STU:GPS) Headlines