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Rio Tinto Plc  (RIO)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials

Rio Tinto Plc's ROE per quarter

Return on Equity, Quarterly Results, Trends, Rankings, Statistics


What is ROE for Rio Tinto Plc in the forth quarter 2023?
Rio Tinto Plc achieved a return on average equity (ROE) of 17.67 % in its forth quarter 2023, which is below Rio Tinto Plc's average return on equity, which stands at 25.65%.

ROE fell compared to the third quarter 2023, despite the net income growth of % from the third quarter 2023.

Within the Metal Mining industry 4 other companies had a higher return on equity. While return on equity, the total ranking has deteriorated compared to the third quarter 2023 from 0 to 550.

What is ROE?



Return On Equity (Dec 31 2023)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity Change 7.78 % 7.78 % 7.78 % 7.78 % -
Y / Y Net Income Change -23.88 % - - - -42.08 %
Net Income (TTM) in Millions 9,953 13,076 13,076 13,076 13,076
Return On Equity (TTM) 17.67 % 23.64 % 24.08 % 24.54 % 25.01 %
RIO's Total Ranking # 550 # 0 # 0 # 0 # 671
Equity (TTM) in Millions 56,341 56,341 56,341 56,341 52,274
Seq. Equity Change 0 % 0 % 0 % 7.78 % 0 %
Seq. Net Income Change - - - - -

Return On Equity Company Ranking
Within: No.
Industry # 5
Sector # 55
Overall # 550

Return On Equity Statistics
High Average Low
39.89 %
25.65 %
17.67 %
(Dec 31 2021)   (Dec 31 2023)





RIO Annual Return On Equity (Dec 31 2023)
2023
(Dec 31 2022)
2022
(Dec 31 2021)
2021
(Dec 31 2020)
2020

Total Equity in Millions 56,341 52,274 56,590 51,903 0
Y / Y Equity Change 7.78 % -7.63 % 9.03 % - -
Net Income in Millions 9,953 13,076 22,575 10,400 0
Y / Y Net Income Change -23.88 % -42.08 % 117.07 % - -
Return On Equity 17.67 % 25.01 % 39.89 % 20.04 % -





Annual Roe Comment
In 2023 ROE decreased compared to the previous year to 17.67 %, due to deterioration of net income.


More Return On Equity Ratios
Metal Mining Industry Roe Trends and Statistics
Basic Materials Sector Return On Equity Statistics
RIO's' Return on Equity at Yahoo Finance
RIO's Roe Ratio versus Metal Mining Industry, Basic Materials Sector and overall Market
Highest Ranking Return On Equity
Lowest Ranking Return On Equity
Roe for RIO's Competitors
Return On Equity for Rio Tinto Plc's Suppliers
Roe for RIO's Customers




Companies with similar Return On Equity at Dec 31 2023, within Basic Materials Sector ROE
Beacon Roofing Supply Inc   45.30 %
Newmarket Corporation  41.33 %
The Clorox Company  40.92 %
Clearwater Paper Corporation  39.92 %
Idaho Strategic Resources Inc   39.05 %
Tecnoglass Inc   37.73 %
Knife River Corporation  37.41 %
Fmc Corporation  36.14 %
Cardinal Ethanol Llc  34.46 %
Unilever Plc  34.39 %
Wd 40 Company  33.52 %
Xpel Inc   33.18 %
Procter and Gamble Co  32.10 %
Trex Co Inc  31.69 %
Ati Inc   31.60 %
Crane Company  31.47 %
Southern Copper Corp  30.98 %
Sylvamo Corporation  29.86 %
Celanese Corporation  29.40 %
Janus International Group Inc   29.40 %
Steel Dynamics Inc   29.05 %
Silvercrest Metals Inc   29.01 %
Graphic Packaging Holding Co  28.68 %
Mueller Industries Inc   27.90 %
Flotek Industries Inc  27.71 %
Parker hannifin Corporation  25.07 %
Apogee Enterprises Inc   24.57 %
Avery Dennison Corporation  24.39 %
Hawkins Inc   24.01 %
Rpm International Inc   23.02 %


Date modified: 2024-02-23T18:59:13+00:00



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