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. Top Glove Bhd's annualized net income for the quarter that ended in Feb. 2024 was $-33.2 Mil. Top Glove Bhd's average shareholder tangible equity for the quarter that ended in Feb. 2024 was $1,048.2 Mil. Therefore, Top Glove Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2024 was -3.17%.
The historical rank and industry rank for Top Glove Bhd's Return-on-Tangible-Equity or its related term are showing as below:
TPGVF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.31 Med: 20.67 Max: 137.22
Current: -12.73
During the past 13 years, Top Glove Bhd's highest Return-on-Tangible-Equity was 137.22%. The lowest was -16.31%. And the median was 20.67%.
TPGVF's Return-on-Tangible-Equity is ranked worse than 61.15% of 767
companies
in the Medical Devices & Instruments industry
Industry Median: 1.97
vs TPGVF: -12.73
Top Glove Bhd Return-on-Tangible-Equity Historical Data
The historical data trend for Top Glove Bhd'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.
Competitive Comparison of Top Glove Bhd's Return-on-Tangible-Equity
For the Medical Instruments & Supplies subindustry, Top Glove Bhd'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.
Top Glove Bhd's Return-on-Tangible-Equity Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Top Glove Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Top Glove Bhd's Return-on-Tangible-Equity falls into.
Top Glove Bhd Return-on-Tangible-Equity Calculation
Top Glove Bhd's annualized Return-on-Tangible-Equity for the fiscal year that ended in Aug. 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 (Feb. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Top Glove Bhd (OTCPK:TPGVF) 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.
Top Glove Bhd Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Top Glove Bhd's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Top Glove Bhd (Top Glove Bhd) Business Description
Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of world-wide customers. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. Top Glove's products are utilized in an array of end markets such as aerospace, food, Personal care, medical care, oral care and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the majority demand.
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