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. Nippon Steel's annualized net income for the quarter that ended in Mar. 2024 was $2,896 Mil. Nippon Steel's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $30,570 Mil. Therefore, Nippon Steel's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 9.47%.
The historical rank and industry rank for Nippon Steel's Return-on-Tangible-Equity or its related term are showing as below:
NISTF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -15.49 Med: 7.01 Max: 21.63
Current: 12.82
During the past 13 years, Nippon Steel's highest Return-on-Tangible-Equity was 21.63%. The lowest was -15.49%. And the median was 7.01%.
NISTF's Return-on-Tangible-Equity is ranked better than 71.69% of 611
companies
in the Steel industry
Industry Median: 6.42
vs NISTF: 12.82
Nippon Steel Return-on-Tangible-Equity Historical Data
The historical data trend for Nippon Steel'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 Nippon Steel's Return-on-Tangible-Equity
For the Steel subindustry, Nippon Steel'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.
Nippon Steel's Return-on-Tangible-Equity Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Nippon Steel's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nippon Steel'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 (Mar. 2024) 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.
Nippon Steel Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Nippon Steel's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Nippon Steel Corporation, or NS, is the largest steel producer in Japan and one of the top five producers globally. NS supplies steel products such as steel sheets, steel plates, pipes, tubes, bars, wire rods, and stainless steels. It is mainly exposed to the auto, construction, and energy sectors. Steelmaking accounts for around 85%-90% of its revenue, while the remainder stems from engineering and construction, chemicals, new materials, and system solutions. Around 35%-40% of its revenue is from exports.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NISTF has been successfully added to your 