What is Impala Platinum 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. Impala Platinum Holdings's annualized net income for the quarter that ended in Dec. 2023 was $173 Mil. Impala Platinum Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $5,446 Mil. Therefore, Impala Platinum Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 3.18%.
The historical rank and industry rank for Impala Platinum Holdings's Return-on-Tangible-Equity or its related term are showing as below:
IMPUY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -25.42 Med: 1.94 Max: 62.83
Current: -6.89
During the past 13 years, Impala Platinum Holdings's highest Return-on-Tangible-Equity was 62.83%. The lowest was -25.42%. And the median was 1.94%.
IMPUY's Return-on-Tangible-Equity is ranked better than 66.53% of 2468
companies
in the Metals & Mining industry
Industry Median: -16.535
vs IMPUY: -6.89
Impala Platinum Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Impala Platinum 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.
Competitive Comparison of Impala Platinum Holdings's Return-on-Tangible-Equity
For the Other Precious Metals & Mining subindustry, Impala Platinum 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.
Impala Platinum Holdings's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Impala Platinum Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Impala Platinum Holdings'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 two times the semi-annual (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.
Impala Platinum Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Impala Platinum Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Impala Platinum Holdings (Impala Platinum Holdings) Business Description
Impala Platinum Holdings Ltd is one of the world's largest producers of platinum and associated platinum group metals, including palladium and rhodium. The company is structured with five main operations located in Impala, Zimplats, Marula, Mimosa, and Two Rivers. Impala is the group's main operational unit and is situated on the Impala lease area on the western limb of Bushveld, east of Johannesburg in South Africa, and is one of the largest platinum-group-metal-bearing ore bodies in the world. The Impala operation comprises a 10-shaft mining complex and concentrating and smelting plants.
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