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Garden Stage (Garden Stage) Return-on-Tangible-Equity : -78.83% (As of Sep. 2023)


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What is Garden Stage 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. Garden Stage's annualized net income for the quarter that ended in Sep. 2023 was $-1.50 Mil. Garden Stage's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $1.91 Mil. Therefore, Garden Stage's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was -78.83%.

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

GSIW' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -158.94   Med: -57.09   Max: -21.25
Current: -35.9

During the past 3 years, Garden Stage's highest Return-on-Tangible-Equity was -21.25%. The lowest was -158.94%. And the median was -57.09%.

GSIW's Return-on-Tangible-Equity is ranked worse than
91.17% of 770 companies
in the Capital Markets industry
Industry Median: 5.66 vs GSIW: -35.90

Garden Stage Return-on-Tangible-Equity Historical Data

The historical data trend for Garden Stage'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.

Garden Stage Return-on-Tangible-Equity Chart

Garden Stage Annual Data
Trend Mar21 Mar22 Mar23
Return-on-Tangible-Equity
-57.09 -158.94 -21.25

Garden Stage Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Return-on-Tangible-Equity Get a 7-Day Free Trial -102.77 -658.46 - 102.53 -78.83

Competitive Comparison of Garden Stage's Return-on-Tangible-Equity

For the Capital Markets subindustry, Garden Stage'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.


Garden Stage's Return-on-Tangible-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Garden Stage's Return-on-Tangible-Equity distribution charts can be found below:

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



Garden Stage Return-on-Tangible-Equity Calculation

Garden Stage's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=-0.207/( (0.065+1.883 )/ 2 )
=-0.207/0.974
=-21.25 %

Garden Stage's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2023 )  (Q: Mar. 2023 )(Q: Sep. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Mar. 2023 )(Q: Sep. 2023 )
=-1.504/( (1.883+1.933)/ 2 )
=-1.504/1.908
=-78.83 %

* 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 two times the semi-annual (Sep. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Garden Stage  (NAS:GSIW) 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.


Garden Stage Return-on-Tangible-Equity Related Terms

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Garden Stage (Garden Stage) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
141 Des Voeux Road Central, Room 201, 2/F, China Insurance Group Building, Hong Kong, HKG
Garden Stage Ltd is a Hong Kong-based financial services provider principally engaged in the provision of placing and underwriting services; securities dealing and brokerage services; and asset management services. Its business is carried out through its wholly owned Operating Subsidiaries: a) I Win Securities, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong, and b) I Win Asset Management, which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong.

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