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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. FMC's annualized net income for the quarter that ended in Dec. 2023 was $4,394 Mil. FMC's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $-259 Mil. Therefore, FMC's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was Negative Tangible Equity%.
The historical rank and industry rank for FMC's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, FMC's highest Return-on-Tangible-Equity was 87.71%. The lowest was 35.66%. And the median was 45.28%.
The historical data trend for FMC'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.
FMC Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity |
FMC Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity | - | Negative Tangible Equity |
For the Agricultural Inputs subindustry, FMC'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.
For the Agriculture industry and Basic Materials sector, FMC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where FMC's Return-on-Tangible-Equity falls into.
FMC'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 ) | |||||
= | 1321.5 | / | ( (-852.5 | + | 228.9 ) | / 2 ) | |
= | 1321.5 | / | -311.8 | ||||
= | Negative Tangible Equity % |
FMC'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: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 4394 | / | ( (-746.9 | + | 228.9) | / 2 ) | |
= | 4394 | / | -259 | ||||
= | Negative Tangible Equity % |
* 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 four times the quarterly (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
FMC (NYSE:FMC) 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.
Thank you for viewing the detailed overview of FMC's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert C Pallash | director | 17000 ROTUNDA DRIVE, DEARBORN MI 48120 |
Jacqueline Scanlan | officer: Executive VP & Chief HRO | HAEMONETICS CORPORATION, 400 WOOD ROAD, BRAINTREE MA 02184 |
Ronaldo Pereira | officer: EVP, President, FMC Americas | 1620 MONK RD, GLADWYNE PA 19035 |
Nicholas Pfeiffer | officer: Corporate Controller | 1735 MARKET STREET, PHILADELPHIA PA 19103 |
Patricia Verduin | director | ONE CONAGRA DRIVE, OMAHA NE 68102 |
Mark Douglas | officer: Pres., Agricultural Solutions | ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106 |
Vsevolod Rostovtsev | officer: VP & Chief Technology Officer | 909 TWYCKENHAM ROAD, MEDIA PA 19063 |
Andrew D Sandifer | officer: EVP and CFO | FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104 |
Michael Finian Reilly | officer: EVP, General Counsel & Sec. | FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104 |
Kathy Lynn Fortmann | director | INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019 |
Kathleen Shelton | officer: EVP, Chief Technology Officer | 630 UNIVERSITY PLACE, SWARTHMORE PA 19081 |
Diane Allemang | officer: EVP & Chief Marketing Officer | 1615 NORTH CLEVELAND STREET, ARLINGTON VA 22201 |
Carol Anthony Davidson | director | |
Eduardo E Cordeiro | director | C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210 |
Volpe Vincent R Jr | director | C/O DRESSER-RAND GROUP INC, PAUL CLARK DRIVE, OLEAN NY 14760 |
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