Gold Fields Limited (GFI) Return on Tangible Equity

GOLD FIELDS LTD Return Tang Equity

Return on tangible equity is the profit a company earns on the physical and financial capital its shareholders own, leaving out goodwill and other intangible assets, shown as a percentage. It is net income divided by tangible equity, which is shareholder equity minus goodwill and intangibles; the table shows both amounts. Because acquired goodwill is removed, it runs higher than ROE for companies that grew by acquisition, and it has no meaning when goodwill exceeds equity. Goodwill and intangibles are taken at the latest reported date on or before each equity date. Quarterly points divide the trailing four quarters of net income by the balance at that quarter end; annual points divide the filed fiscal-year net income by the fiscal-year-end balance.

• GOLD FIELDS LTD return tang equity for fiscal 2015 was -17.46%, a change of -16.50% from fiscal 2014.
• GOLD FIELDS LTD return tang equity for fiscal 2014 was -0.96%, a change of 6.92% from fiscal 2013.
• GOLD FIELDS LTD return tang equity for fiscal 2013 was -7.87%, a 158.90% decline from fiscal 2012.
• GOLD FIELDS LTD return tang equity for fiscal 2012 was 13.37%, a 28.61% decline from fiscal 2011.