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. Azkoyen's annualized net income for the quarter that ended in Dec. 2023 was €17.0 Mil. Azkoyen's average shareholder tangible equity for the quarter that ended in Dec. 2023 was €27.9 Mil. Therefore, Azkoyen's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 60.81%.
The historical rank and industry rank for Azkoyen's Return-on-Tangible-Equity or its related term are showing as below:
LTS:0DOG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.78 Med: 29.5 Max: 70.31
Current: 70.31
During the past 13 years, Azkoyen's highest Return-on-Tangible-Equity was 70.31%. The lowest was 12.78%. And the median was 29.50%.
LTS:0DOG's Return-on-Tangible-Equity is ranked better than 95.55% of 2920
companies
in the Industrial Products industry
Industry Median: 7.565
vs LTS:0DOG: 70.31
Azkoyen Return-on-Tangible-Equity Historical Data
The historical data trend for Azkoyen'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 Azkoyen's Return-on-Tangible-Equity
For the Business Equipment & Supplies subindustry, Azkoyen'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.
Azkoyen's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Azkoyen's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Azkoyen's Return-on-Tangible-Equity falls into.
Azkoyen Return-on-Tangible-Equity Calculation
Azkoyen'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 two times the semi-annual (Dec. 2023) 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.
Azkoyen Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Azkoyen's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Azkoyen SA designs manufacture and sells technological solutions for payment systems, vending machines, security systems, and access control. The company operates through time and security, payment technologies, and coffee and vending systems segments. The company generates maximum revenue from the coffee and vending systems segment. The coffee and vending systems segment offers the consumption of raw materials for product packaging, the generation of non-hazardous waste, and the consumption of water and energy for the operation of the facilities. Geographically, the company derives a majority of its revenue from Germany and also has a presence in Spain; Italy; the United Kingdom; the Rest EU; the Rest of the OECD, and the Rest of the World.
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