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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. Rand Capital's annualized net income for the quarter that ended in Mar. 2024 was $5.60 Mil. Rand Capital's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $61.19 Mil. Therefore, Rand Capital's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 9.14%.
The historical rank and industry rank for Rand Capital's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Rand Capital's highest Return-on-Tangible-Equity was 29.57%. The lowest was -5.38%. And the median was 0.13%.
The historical data trend for Rand Capital'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.
Rand Capital Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -5.38 | 1.49 | 29.57 | -1.49 | 11.01 |
Rand Capital Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 14.83 | 17.70 | 3.88 | 7.13 | 9.14 |
For the Asset Management subindustry, Rand Capital'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.
For the Asset Management industry and Financial Services sector, Rand Capital's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Rand Capital's Return-on-Tangible-Equity falls into.
Rand Capital's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 6.527 | / | ( (57.721 | + | 60.815 ) | / 2 ) | |
= | 6.527 | / | 59.268 | ||||
= | 11.01 % |
Rand Capital's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 5.596 | / | ( (60.815 | + | 61.569) | / 2 ) | |
= | 5.596 | / | 61.192 | ||||
= | 9.14 % |
* 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.
Rand Capital (NAS:RAND) 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.
Thank you for viewing the detailed overview of Rand Capital's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Benjamin E Godley | director | RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203 |
Adam Samuel Gusky | director | RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203 |
Cari L Jaroslawsky | director | C/O HARTER SECREST & EMERY LLP, 1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604 |
Daniel P Penberthy | officer: EVP and CFO | C/O RAND CAPITAL CORP, 2200 RAND BLDG, BUFFALO NY 14203 |
Robert M Zak | director | 250 MAIN STREET, BUFFALO NY 14202 |
Erland E Kailbourne | director | C/O RAND CAPITAL CORP, 2200 RAND BUILDING, BUFFFALO NY 14203 |
Heather Eastgate | officer: Chief Compliance Officer | C/O RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 1405, BUFFALO NY 14203 |
East Asset Management, Llc | 10 percent owner | 777 NW BEACON SQUARE BLVD., BOCA RATON FL 33487 |
Nancy Marie Stone | officer: Chief Compliance Officer | C/O RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 1405, BUFFALO NY 14203 |
Margaret Brechtel | officer: EVP, Treas., CFO & Sec. | C/O RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 1405, BUFFALO NY 14203 |
User-friendly Holding, Llc | 10 percent owner | 10200 GROGANS MILL RD., SUITE 440, THE WOODLANDS TX 77380 |
User-friendly Phone Book, Llc | 10 percent owner | 10200 GROGANS MILL RD., SUITE 440, THE WOODLANDS TX 77380 |
Newman Reginald B Ii | director | PRIOR AVIATION SERVICE INC., 50 NORTH AIRPORT DRIVE, BUFFALO NY 14225 |
Utility Service Holding Co., Inc. | 10 percent owner | P.O. BOX 240, WARTHEN GA 31094 |
Colmac Holdings Ltd | 10 percent owner | 8 KING STREET EAST, SUITE 1901, TORONTO A6 M5C 1B5 |
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