Hennessy Capital Investment V (Hennessy Capital Investment V) Return-on-Tangible-Equity : -0.68% (As of Sep. 2022)

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What is Hennessy Capital Investment V 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. Hennessy Capital Investment V's annualized net income for the quarter that ended in Sep. 2022 was $-2.21 Mil. Hennessy Capital Investment V's average shareholder tangible equity for the quarter that ended in Sep. 2022 was $322.51 Mil. Therefore, Hennessy Capital Investment V's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2022 was -0.68%.

The historical rank and industry rank for Hennessy Capital Investment V's Return-on-Tangible-Equity or its related term are showing as below:

HCICW' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.92 Med: 0.92 Max: 4.64
Current: 4.64

During the past 2 years, Hennessy Capital Investment V's highest Return-on-Tangible-Equity was 4.64%. The lowest was 0.92%. And the median was 0.92%.

HCICW's Return-on-Tangible-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.63 vs HCICW: 4.64

Hennessy Capital Investment V Return-on-Tangible-Equity Historical Data

The historical data trend for Hennessy Capital Investment V'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.

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Hennessy Capital Investment V Return-on-Tangible-Equity Chart

Hennessy Capital Investment V Annual Data

Trend

Dec20

Dec21

Return-on-Tangible-Equity

0.92

Hennessy Capital Investment V Quarterly Data
	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Return-on-Tangible-Equity	Get a 7-Day Free Trial			15.43	7.64	7.86	3.89	-0.68

Competitive Comparison of Hennessy Capital Investment V's Return-on-Tangible-Equity

For the Shell Companies subindustry, Hennessy Capital Investment V'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.

Hennessy Capital Investment V's Return-on-Tangible-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Hennessy Capital Investment V's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Hennessy Capital Investment V's Return-on-Tangible-Equity falls into.

Hennessy Capital Investment V Return-on-Tangible-Equity Calculation

Hennessy Capital Investment V's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2021 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	1.437	/	( (0.022	+	313.436 )	/ 2 )
	=	1.437	/	156.729
	=	0.92 %

Hennessy Capital Investment V's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2022 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-2.208	/	( (322.781	+	322.229)	/ 2 )
	=	-2.208	/	322.505
	=	-0.68 %

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 (Sep. 2022) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Hennessy Capital Investment V (NAS:HCICW) 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.

Hennessy Capital Investment V Return-on-Tangible-Equity Related Terms

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