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. Mesabi Trust's annualized net income for the quarter that ended in Jan. 2024 was $18.76 Mil. Mesabi Trust's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $21.06 Mil. Therefore, Mesabi Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 89.11%.
The historical rank and industry rank for Mesabi Trust's Return-on-Tangible-Equity or its related term are showing as below:
MSB'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 25.14 Med: 187.65 Max: 1908.9
Current: 108.28
During the past 13 years, Mesabi Trust's highest Return-on-Tangible-Equity was 1,908.90%. The lowest was 25.14%. And the median was 187.65%.
MSB's Return-on-Tangible-Equity is ranked better than 97.71% of 612
companies
in the Steel industry
Industry Median: 6.605
vs MSB: 108.28
Mesabi Trust Return-on-Tangible-Equity Historical Data
The historical data trend for Mesabi Trust'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 Mesabi Trust's Return-on-Tangible-Equity
For the Steel subindustry, Mesabi Trust'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.
Mesabi Trust's Return-on-Tangible-Equity Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Mesabi Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mesabi Trust'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 (Jan. 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.
Mesabi Trust Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Mesabi Trust's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Mesabi Trust operates as a royalty trust in the United States. The company involves in the conservation and protection of the assets held. Its principally wholly-owned segment is iron ore mining segment and it generates income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The principal assets of the firm consist of two different interests in certain properties in the Mesabi Iron Range and beneficial interest in the Mesabi Land Trust.
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