What is Milestone Scientific 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. Milestone Scientific's annualized net income for the quarter that ended in Mar. 2024 was $-5.76 Mil. Milestone Scientific's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $7.56 Mil. Therefore, Milestone Scientific's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -76.22%.
The historical rank and industry rank for Milestone Scientific's Return-on-Tangible-Equity or its related term are showing as below:
MLSS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -622.08 Med: -72.97 Max: -17.87
Current: -90.09
During the past 13 years, Milestone Scientific's highest Return-on-Tangible-Equity was -17.87%. The lowest was -622.08%. And the median was -72.97%.
MLSS's Return-on-Tangible-Equity is ranked worse than 82.89% of 760
companies
in the Medical Devices & Instruments industry
Industry Median: 1.395
vs MLSS: -90.09
Milestone Scientific Return-on-Tangible-Equity Historical Data
The historical data trend for Milestone Scientific'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 Milestone Scientific's Return-on-Tangible-Equity
For the Medical Instruments & Supplies subindustry, Milestone Scientific'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.
Milestone Scientific's Return-on-Tangible-Equity Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Milestone Scientific's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Milestone Scientific's Return-on-Tangible-Equity falls into.
* 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.
Milestone Scientific Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Milestone Scientific's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Milestone Scientific (Milestone Scientific) Business Description
Milestone Scientific Inc is engaged in pioneering proprietary, technological systems, and solutions for the medical and dental markets. It develops, manufactures, markets and sells the computer-controlled system for the improved and painless delivery of local anesthetic. The system is marketed in dentistry under the trademark CompuDent and in medicine under the trademark CompuMed. In addition, the company provides The Wand, a handpiece that allows dentists to provide painless injections for virtually various dental procedures, including routine cleanings and fillings, as well as implants, root canals, and crowns. The Company conducts its business through two reportable segments: Dental and Medical. Geographically all the operations of the firm function through the region of the U.S.
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