What is Video River Networks Return-on-Tangible-Equity?
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. Video River Networks's annualized net income for the quarter that ended in Mar. 2024 was $6.12 Mil. Video River Networks's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $2.51 Mil. Therefore, Video River Networks's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 243.98%.
The historical rank and industry rank for Video River Networks's Return-on-Tangible-Equity or its related term are showing as below:
NIHK'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.29 Med: 29.36 Max: 197.76
Current: 55.65
During the past 13 years, Video River Networks's highest Return-on-Tangible-Equity was 197.76%. The lowest was 15.29%. And the median was 29.36%.
NIHK's Return-on-Tangible-Equity is ranked better than 91.64% of 766
companies
in the Capital Markets industry
Industry Median: 5.645
vs NIHK: 55.65
Video River Networks Return-on-Tangible-Equity Historical Data
The historical data trend for Video River Networks'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.
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Video River Networks Return-on-Tangible-Equity Chart
Competitive Comparison of Video River Networks's Return-on-Tangible-Equity
For the Capital Markets subindustry, Video River Networks'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.
Video River Networks's Return-on-Tangible-Equity Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Video River Networks's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Video River Networks's Return-on-Tangible-Equity falls into.
Video River Networks Return-on-Tangible-Equity Calculation
Video River Networks's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Video River Networks (OTCPK:NIHK) Return-on-Tangible-Equity Explanation
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.
Video River Networks Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Video River Networks's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Video River Networks (Video River Networks) Business Description
Video River Networks Inc is a specialty real estate holding company. The company has two lines of real estate business which is to promote and preserve affordable housing and economic development across urban neighborhoods in the United States. It is also involved in the Electric Vehicles (EV) business, Artificial Intelligence, Machine Learning and Robotics assets, businesses and operations in North America.
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