Haynes International Inc

NASDAQ HAYN

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Haynes International Inc Return on Tangible Equity (ROTE) 5 year CAGR for the year ending September 30, 2023

Haynes International Inc Return on Tangible Equity (ROTE) 5 year CAGR is NA for the year ending September 30, 2023. Return on tangible equity measures the profitability of a company relative to its tangible equity, which is shareholders' equity minus goodwill and intangible assets. It is calculated by dividing the net income by the tangible equity. This ratio indicates the return generated for each unit of tangible equity invested by the shareholders. A higher return on tangible equity suggests better profitability and value creation for the shareholders' tangible investment. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Haynes International Inc Return on Tangible Equity (ROTE) for the year ending September 30, 2022 was 12.33%, a 572.63% change year over year.
Haynes International Inc Return on Tangible Equity (ROTE) for the year ending September 30, 2021 was -2.61%, a -17.42% change year over year.
Haynes International Inc Return on Tangible Equity (ROTE) for the year ending September 30, 2020 was -2.22%, a -165.23% change year over year.
Haynes International Inc Return on Tangible Equity (ROTE) for the year ending September 30, 2019 was 3.40%, a 150.55% change year over year.

NASDAQ: HAYN

Haynes International Inc

CEO	Mr. Michael L. Shor
IPO Date	March 21, 2007
Location	United States
Headquarters	1020 West Park Avenue, Kokomo, IN, United States, 46904
Employees	1,248
Sector	Industrials
Industry	Metal fabrication

Description

Haynes International, Inc. develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, China, and internationally. The company offers high-temperature resistant alloys used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating equipment. It also provides corrosion-resistant alloys used in various applications, including chemical processing, power plant emissions control, and hazardous waste treatment. In addition, its products also have applications in flue-gas desulfurization, oil and gas, waste incineration, industrial heat treating, automotive, thermocouples, sensors and instrumentation, biopharmaceuticals, solar, and nuclear fuel. Further, the company produces its products in various forms, such as seamless and welded tubulars, slab, bar, billet, and wire. Additionally, it sells its products primarily through direct sales organizations, and network of independent distributors and sales agents. Haynes International, Inc. was founded in 1912 and is headquartered in Kokomo, Indiana.

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