What is Atlas Air Worldwide Holdings 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. Atlas Air Worldwide Holdings's annualized net income for the quarter that ended in Dec. 2022 was $504 Mil. Atlas Air Worldwide Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2022 was $2,939 Mil. Therefore, Atlas Air Worldwide Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2022 was 17.15%.
The historical rank and industry rank for Atlas Air Worldwide Holdings's Return-on-Tangible-Equity or its related term are showing as below:
AAWW's Return-on-Tangible-Equity is not ranked *
in the Transportation industry.
Industry Median: 9.73 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Atlas Air Worldwide Holdings Return-on-Tangible-Equity Historical Data
* 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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Atlas Air Worldwide Holdings Return-on-Tangible-Equity Chart
Competitive Comparison of Atlas Air Worldwide Holdings's Return-on-Tangible-Equity
For the Airports & Air Services subindustry, Atlas Air Worldwide Holdings'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.
Atlas Air Worldwide Holdings's Return-on-Tangible-Equity Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Atlas Air Worldwide Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Atlas Air Worldwide Holdings's Return-on-Tangible-Equity falls into.
Atlas Air Worldwide Holdings Return-on-Tangible-Equity Calculation
Atlas Air Worldwide Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 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. 2022) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Atlas Air Worldwide Holdings (NAS:AAWW) 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.
Atlas Air Worldwide Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Atlas Air Worldwide Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Atlas Air Worldwide Holdings (Atlas Air Worldwide Holdings) Business Description
Atlas Air Worldwide Holdings Inc is a provider of outsourced aircraft and aviation operating services and the outsourced airfreight provider in the world. Company operates a fleet of 747 freighters and provides customers with a broad array of 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations. The company has operations in Africa, Asia, Australia, Europe, the Middle East, North America and South America. The company's business is organized into two operating segments based on service offerings: 1) Airline Operations include providing cargo aircraft outsourcing services to customers on an ACMI, CMI and Charter basis. 2) Dry Leasing business provides aircraft and engines to customers, including CMI customers, for a fixed monthly amount.
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