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. Tianqi Lithium's annualized net income for the quarter that ended in Dec. 2023 was HK$-3,588 Mil. Tianqi Lithium's average shareholder tangible equity for the quarter that ended in Dec. 2023 was HK$54,556 Mil. Therefore, Tianqi Lithium's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -6.58%.
The historical rank and industry rank for Tianqi Lithium's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:09696'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -93.77 Med: 14.09 Max: 73.93
Current: -6.06
During the past 5 years, Tianqi Lithium's highest Return-on-Tangible-Equity was 73.93%. The lowest was -93.77%. And the median was 14.09%.
HKSE:09696's Return-on-Tangible-Equity is ranked better than 68.01% of 2463
companies
in the Metals & Mining industry
Industry Median: -16.55
vs HKSE:09696: -6.06
Tianqi Lithium Return-on-Tangible-Equity Historical Data
The historical data trend for Tianqi Lithium'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.
Competitive Comparison of Tianqi Lithium's Return-on-Tangible-Equity
For the Other Industrial Metals & Mining subindustry, Tianqi Lithium'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.
Tianqi Lithium's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Tianqi Lithium's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tianqi Lithium's Return-on-Tangible-Equity falls into.
* 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.
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.
Tianqi Lithium Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Tianqi Lithium's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.
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