What is Pinnacle West Capital 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. Pinnacle West Capital's annualized net income for the quarter that ended in Dec. 2023 was $-0 Mil. Pinnacle West Capital's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $6,018 Mil. Therefore, Pinnacle West Capital's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -0.00%.
The historical rank and industry rank for Pinnacle West Capital's Return-on-Tangible-Equity or its related term are showing as below:
PNW'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.47 Med: 10.18 Max: 11.27
Current: 8.55
During the past 13 years, Pinnacle West Capital's highest Return-on-Tangible-Equity was 11.27%. The lowest was 8.47%. And the median was 10.18%.
PNW's Return-on-Tangible-Equity is ranked worse than 61.02% of 508
companies
in the Utilities - Regulated industry
Industry Median: 10.785
vs PNW: 8.55
Pinnacle West Capital Return-on-Tangible-Equity Historical Data
The historical data trend for Pinnacle West 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.
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Pinnacle West Capital Return-on-Tangible-Equity Chart
Competitive Comparison of Pinnacle West Capital's Return-on-Tangible-Equity
For the Utilities - Regulated Electric subindustry, Pinnacle West 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.
Pinnacle West Capital's Return-on-Tangible-Equity Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Pinnacle West Capital's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pinnacle West Capital's Return-on-Tangible-Equity falls into.
Pinnacle West Capital Return-on-Tangible-Equity Calculation
Pinnacle West Capital'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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Pinnacle West Capital (NYSE:PNW) 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.
Pinnacle West Capital Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Pinnacle West Capital's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Pinnacle West Capital (Pinnacle West Capital) Business Description
Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility that serves 1.4 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix. APS owns or leases more than 6 gigawatts of power generation capacity, including a 29% ownership stake in the largest nuclear plant in the U.S., Palo Verde. About half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.
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