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. Free Flow's annualized net income for the quarter that ended in Mar. 2024 was $3.34 Mil. Free Flow's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $-1.59 Mil. Therefore, Free Flow's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was Negative Tangible Equity%.
The historical rank and industry rank for Free Flow's Return-on-Tangible-Equity or its related term are showing as below:
FFLO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 76.73 Med: 3584.2 Max: 7091.67
Current: Negative Tangible Equity
During the past 13 years, Free Flow's highest Return-on-Tangible-Equity was 7,091.67%. The lowest was 76.73%. And the median was 3,584.20%.
FFLO's Return-on-Tangible-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 8.49
vs FFLO: Negative Tangible Equity
Free Flow Return-on-Tangible-Equity Historical Data
The historical data trend for Free Flow'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 Free Flow's Return-on-Tangible-Equity
For the Auto Parts subindustry, Free Flow'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.
Free Flow's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Free Flow's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Free Flow's Return-on-Tangible-Equity falls into.
Free Flow Return-on-Tangible-Equity Calculation
Free Flow'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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Free Flow Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Free Flow's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Free Flow Inc focuses on the business of used auto parts. It is engaged in disassembling salvaged automobiles and sells presorted automobile parts through a parts locator network. It also owns the formulation and trademark of an Aerosol named HYGIENiQ. It eliminates smoke odor, mold, and mildew and is useful in automobiles and home applications. It consists of multiple businesses which make up subsidiaries and divisions: Accurate Auto Parts, Inc; HYGIENIQ.COM; Motors and Metals, Inc.; and Citi Autos, Corp.
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