Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments.
Fortune Minerals's 10-Year RORE % for the quarter that ended in Dec. 2023 was -19.25%.
The industry rank for Fortune Minerals's 10-Year RORE % or its related term are showing as below:
FTMDF's 10-Year RORE % is ranked worse than 60.42% of 1617
companies
in the Metals & Mining industry
Industry Median: -9.8
vs FTMDF: -19.25
Fortune Minerals 10-Year RORE % Historical Data
The historical data trend for Fortune Minerals's 10-Year RORE % 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.
Competitive Comparison of Fortune Minerals's 10-Year RORE %
For the Other Industrial Metals & Mining subindustry, Fortune Minerals's 10-Year RORE %, along with its competitors' market caps and 10-Year RORE % 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.
Fortune Minerals's 10-Year RORE % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortune Minerals's 10-Year RORE % distribution charts can be found below:
* The bar in red indicates where Fortune Minerals's 10-Year RORE % falls into.
Fortune Minerals 10-Year RORE % Calculation
Fortune Minerals's 10-Year RORE % for the quarter that ended in Dec. 2023 is calculated as:
* 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 10-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Dec. 2023 and 10-year before.
Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.
There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 10-year period is chosen.
Be Aware
Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.
Fortune Minerals 10-Year RORE % Related Terms
Thank you for viewing the detailed overview of Fortune Minerals's 10-Year RORE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortune Minerals (Fortune Minerals) Business Description
Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. It also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.
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