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Rana Gruber ASA (OSL:RANA) ROE % : 26.18% (As of Sep. 2024)


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What is Rana Gruber ASA ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Rana Gruber ASA's annualized net income for the quarter that ended in Sep. 2024 was kr246 Mil. Rana Gruber ASA's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was kr940 Mil. Therefore, Rana Gruber ASA's annualized ROE % for the quarter that ended in Sep. 2024 was 26.18%.

The historical rank and industry rank for Rana Gruber ASA's ROE % or its related term are showing as below:

OSL:RANA' s ROE % Range Over the Past 10 Years
Min: -0.4   Med: 56.79   Max: 123.28
Current: 54.56

During the past 7 years, Rana Gruber ASA's highest ROE % was 123.28%. The lowest was -0.40%. And the median was 56.79%.

OSL:RANA's ROE % is ranked better than
96.96% of 626 companies
in the Steel industry
Industry Median: 4.67 vs OSL:RANA: 54.56

Rana Gruber ASA ROE % Historical Data

The historical data trend for Rana Gruber ASA's ROE % 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.

Rana Gruber ASA ROE % Chart

Rana Gruber ASA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial 18.84 91.99 123.28 68.94 56.79

Rana Gruber ASA Quarterly Data
Sep19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROE % 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 53.77 79.87 60.34 53.16 26.18

Competitive Comparison of Rana Gruber ASA's ROE %

For the Steel subindustry, Rana Gruber ASA's ROE %, along with its competitors' market caps and ROE % 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.


Rana Gruber ASA's ROE % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Rana Gruber ASA's ROE % distribution charts can be found below:

* The bar in red indicates where Rana Gruber ASA's ROE % falls into.



Rana Gruber ASA ROE % Calculation

Rana Gruber ASA's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=489.688/( (823.053+901.467)/ 2 )
=489.688/862.26
=56.79 %

Rana Gruber ASA's annualized ROE % for the quarter that ended in Sep. 2024 is calculated as

ROE %=Net Income (Q: Sep. 2024 )/( (Total Stockholders Equity (Q: Jun. 2024 )+Total Stockholders Equity (Q: Sep. 2024 ))/ count )
=246.224/( (950.909+929.765)/ 2 )
=246.224/940.337
=26.18 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2024) net income data. ROE % is displayed in the 30-year financial page.


Rana Gruber ASA  (OSL:RANA) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=246.224/940.337
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(246.224 / 1554.46)*(1554.46 / 1635.377)*(1635.377 / 940.337)
=Net Margin %*Asset Turnover*Equity Multiplier
=15.84 %*0.9505*1.7391
=ROA %*Equity Multiplier
=15.06 %*1.7391
=26.18 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=246.224/940.337
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (246.224 / 315.672) * (315.672 / 313.528) * (313.528 / 1554.46) * (1554.46 / 1635.377) * (1635.377 / 940.337)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.78 * 1.0068 * 20.17 % * 0.9505 * 1.7391
=26.18 %

Note: The net income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Rana Gruber ASA ROE % Related Terms

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Rana Gruber ASA Business Description

Traded in Other Exchanges
Address
Mjolanveien 29, Mo i Rana, NOR, 8622
Rana Gruber ASA is a sustainable iron ore producer in Norway. It is engaged in the excavating, processing and sale of iron oxide in the form of hematite, magnetite and iron oxide pigments. Hematite is used for iron and steel production in smelting plants in Europe and magnetite is used in industrial water purification processes. The iron ore production takes place at the group's iron ore deposits at Ortfjell as open-pit production and underground operation. It produces and sells iron ore concentrate, and mainly serves steel producers and participants in the chemical industry.The majority of revenue from contracts with customers arise from the sale of hematite products.

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