GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Byrna Technologies Inc (NAS:BYRN) » Definitions » Return-on-Tangible-Equity

Byrna Technologies (Byrna Technologies) Return-on-Tangible-Equity : 0.18% (As of Feb. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Byrna Technologies 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. Byrna Technologies's annualized net income for the quarter that ended in Feb. 2024 was $0.07 Mil. Byrna Technologies's average shareholder tangible equity for the quarter that ended in Feb. 2024 was $36.94 Mil. Therefore, Byrna Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2024 was 0.18%.

The historical rank and industry rank for Byrna Technologies's Return-on-Tangible-Equity or its related term are showing as below:

BYRN' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1139.15   Med: -279.18   Max: -9.58
Current: -16.07

During the past 13 years, Byrna Technologies's highest Return-on-Tangible-Equity was -9.58%. The lowest was -1,139.15%. And the median was -279.18%.

BYRN's Return-on-Tangible-Equity is ranked worse than
81.72% of 290 companies
in the Aerospace & Defense industry
Industry Median: 8.005 vs BYRN: -16.07

Byrna Technologies Return-on-Tangible-Equity Historical Data

The historical data trend for Byrna Technologies'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.

* Premium members only.

Byrna Technologies Return-on-Tangible-Equity Chart

Byrna Technologies Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -516.16 -9.58 -15.54 -21.46

Byrna Technologies Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -21.93 -11.58 -43.80 -9.11 0.18

Competitive Comparison of Byrna Technologies's Return-on-Tangible-Equity

For the Aerospace & Defense subindustry, Byrna Technologies'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.


Byrna Technologies's Return-on-Tangible-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Byrna Technologies's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Byrna Technologies's Return-on-Tangible-Equity falls into.



Byrna Technologies Return-on-Tangible-Equity Calculation

Byrna Technologies's annualized Return-on-Tangible-Equity for the fiscal year that ended in Nov. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Nov. 2023 )  (A: Nov. 2022 )(A: Nov. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Nov. 2023 )  (A: Nov. 2022 )(A: Nov. 2023 )
=-8.192/( (39.864+36.478 )/ 2 )
=-8.192/38.171
=-21.46 %

Byrna Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Feb. 2024 )  (Q: Nov. 2023 )(Q: Feb. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Feb. 2024 )  (Q: Nov. 2023 )(Q: Feb. 2024 )
=0.068/( (36.478+37.401)/ 2 )
=0.068/36.9395
=0.18 %

* 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.


Byrna Technologies  (NAS:BYRN) 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.


Byrna Technologies Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Byrna Technologies's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Byrna Technologies (Byrna Technologies) Business Description

Traded in Other Exchanges
N/A
Address
100 Burtt Road, Suite 115, Andover, MA, USA, 01810
Byrna Technologies Inc is a designer, manufacturer, retailer and distributor of technological solutions for security situations that do not require the use of lethal force. The company generates its revenue from the United States, South Africa, Europe, South America, Asia and Canada.
Executives
David North officer: Chief Financial Officer 100 BURTT RD., SUITE 115, ANDOVER MA 01810
Bryan Ganz director, officer: CEO Pres Chairman of the Board C/O ARRHYTHMIA RESEARCH TECHNOLOGY, INC., 25 SAWYER PASSWAY, FITCHBURG MA 01420
Luan Pham officer: CRMO C/O LAIRD SUPERFOOD, INC., 275 W. LUNDGREN MILL DRIVE, SISTERS OR 97759
Michael Wager officer: Chief Strategy Officer 100 BURTT ROAD, SUITE 115, BOSTON MA 01810
Lisa Wager officer: Chief Legal Officer 100 BURTT RD., SUITE 115, ANDOVER MA 01810
Leonard J Elmore director ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
Emily Rooney director 100 BURTT ROAD, SUITE 115, ANDOVER MA 01810
Michael Scott Gillespie officer: Chief Operating Officer 100 BURTT ROAD, SUITE 115, ANDOVER MA 01810
Chris Lavern Reed director 100 BURTT RD., SUITE 115, ANDOVER MA 01810
Lapeyre Pierre F Jr 10 percent owner C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE 36TH FLOOR, NEW YORK NY 10019
Paul C. Jensen director TWO NORTHSHORE CENTER, PITTSBURGH PA 15212
Clive D Bode director 909 HIDDEN RIDGE STE 600, IRVING TX 75038
Herbert Hughes director 100 BURTT ROAD, SUITE 115, ANDOVER MA 01810
Rodd Friedman 10 percent owner 12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854
Ref Securities & Co. 10 percent owner 12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854