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. Kinross Gold's annualized net income for the quarter that ended in Dec. 2023 was $262 Mil. Kinross Gold's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $6,072 Mil. Therefore, Kinross Gold's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 4.31%.
The historical rank and industry rank for Kinross Gold's Return-on-Tangible-Equity or its related term are showing as below:
KGC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -25.7 Med: 1.45 Max: 22.86
Current: 6.95
During the past 13 years, Kinross Gold's highest Return-on-Tangible-Equity was 22.86%. The lowest was -25.70%. And the median was 1.45%.
KGC's Return-on-Tangible-Equity is ranked better than 85.96% of 2471
companies
in the Metals & Mining industry
Industry Median: -16.39
vs KGC: 6.95
Kinross Gold Return-on-Tangible-Equity Historical Data
The historical data trend for Kinross Gold'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 Kinross Gold's Return-on-Tangible-Equity
For the Gold subindustry, Kinross Gold'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.
Kinross Gold's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kinross Gold's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kinross Gold'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.
Kinross Gold Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Kinross Gold's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.
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