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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. Piedmont Lithium's annualized net income for the quarter that ended in Dec. 2023 was $-101.56 Mil. Piedmont Lithium's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $340.19 Mil. Therefore, Piedmont Lithium's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -29.85%.
The historical rank and industry rank for Piedmont Lithium's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Piedmont Lithium's highest Return-on-Tangible-Equity was -5.76%. The lowest was -213.30%. And the median was -38.56%.
The historical data trend for Piedmont 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.
Piedmont Lithium Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -180.85 | -41.34 | -19.58 | -5.76 | -7.23 |
Piedmont Lithium Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | 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 | -15.70 | -11.48 | -12.95 | 27.19 | -29.85 |
For the Other Industrial Metals & Mining subindustry, Piedmont 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.
For the Metals & Mining industry and Basic Materials sector, Piedmont Lithium's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Piedmont Lithium's Return-on-Tangible-Equity falls into.
Piedmont Lithium'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 ) | |||||
= | -21.777 | / | ( (270.289 | + | 332.33 ) | / 2 ) | |
= | -21.777 | / | 301.3095 | ||||
= | -7.23 % |
Piedmont Lithium'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 ) | |||||
= | -101.56 | / | ( (348.051 | + | 332.33) | / 2 ) | |
= | -101.56 | / | 340.1905 | ||||
= | -29.85 % |
* 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.
Piedmont Lithium (NAS:PLL) 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 Piedmont Lithium's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Claude Demby | director | C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560 |
Michael D White | officer: EVP and CFO | 17988 EDISON AVE, CHESTERFIELD MA 63005 |
Michael A Bless | director | C/O ROCKWELL INTERNATIONAL INC, 777 E. WISCONSIN AVE #1400, MILWAUKEE WI 53202 |
Bruce Czachor | officer: EVP, CLO & Secretary | 32 NORTH MAIN STREET, SUITE 100, BELMONT NC 28012 |
Patrick Brindle | officer: EVP and CDO | 32N MAIN STREET, SUITE 100, BELMONT NC 28012 |
Keith D. Phillips | director, officer: President and CEO | 42 E CATAWBA STREET, BELMONT NC 28012 |
Austin Devaney | officer: EVP and CCO | C/O PIEDMONT LITHIUM INC., 42 E CATAWBA STREET, BELMONT NC 28012 |
Krishna Mcvey | officer: EVP and CAO | C/O PIEDMONT LITHIUM INC., 42 E CATAWBA STREET, BELMONT NC 28012 |
Christina M Alvord | director | 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242 |
Jeffrey T. Armstrong | director | 32N MAIN STREET, SUITE 100, BELMONT NC 28012 |
David Klanecky | officer: EVP and COO | 32N MAIN STREET, SUITE 100, BELMONT NC 28012 |
Susan C. Jones | director | 32N MAIN STREET, SUITE 100, BELMONT NC 28012 |
Levi Mochkin | director | |
Todd Hannigan | director | 32N MAIN STREET, SUITE 100, BELMONT NC 28012 |
Jorge Beristain | director | 32N MAIN STREET, SUITE 100, BELMONT NC 28012 |
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