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. Nickel Asia's annualized net income for the quarter that ended in Mar. 2024 was ₱810 Mil. Nickel Asia's average shareholder tangible equity for the quarter that ended in Mar. 2024 was ₱36,349 Mil. Therefore, Nickel Asia's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 2.23%.
The historical rank and industry rank for Nickel Asia's Return-on-Tangible-Equity or its related term are showing as below:
PHS:NIKL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.49 Med: 10.31 Max: 35.87
Current: 8.23
During the past 13 years, Nickel Asia's highest Return-on-Tangible-Equity was 35.87%. The lowest was 7.49%. And the median was 10.31%.
PHS:NIKL's Return-on-Tangible-Equity is ranked better than 87.84% of 2459
companies
in the Metals & Mining industry
Industry Median: -16.39
vs PHS:NIKL: 8.23
Nickel Asia Return-on-Tangible-Equity Historical Data
The historical data trend for Nickel Asia'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 Nickel Asia's Return-on-Tangible-Equity
For the Other Industrial Metals & Mining subindustry, Nickel Asia'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.
Nickel Asia's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Asia's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nickel Asia's Return-on-Tangible-Equity falls into.
Nickel Asia Return-on-Tangible-Equity Calculation
Nickel Asia's annualized Return-on-Tangible-Equity for the fiscal year 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 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.
Nickel Asia (PHS:NIKL) 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.
Nickel Asia Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Nickel Asia's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Nickel Asia Corp is a nickel ore mining company engaged in operating five mines; the Rio Tuba mine, the Taganito mine, the Tagana-an mine, the Cagdianao mine, and the Dinapigue mine. It produces saprolite (nickel ore with an iron content of less than 20%) and limonite (nickel ore with an iron content greater than 20%) ore. The company has three operating segments; The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, The services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and The power segment is into power generation and exploration for geothermal resources.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PHS:NIKL has been successfully added to your 