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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. Nordicus Partners's annualized net income for the quarter that ended in Dec. 2023 was $-0.30 Mil. Nordicus Partners's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $1.73 Mil. Therefore, Nordicus Partners's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -17.34%.
The historical rank and industry rank for Nordicus Partners's Return-on-Tangible-Equity or its related term are showing as below:
During the past 2 years, Nordicus Partners's highest Return-on-Tangible-Equity was -147.18%. The lowest was -7,701.82%. And the median was -3,924.50%.
The historical data trend for Nordicus Partners'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.
Nordicus Partners Annual Data | |||||
Trend | Mar22 | Mar23 | |||
Return-on-Tangible-Equity | -147.18 | -7,701.82 |
Nordicus Partners Quarterly Data | ||||||||
Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | - | -40,640.00 | -17.94 | -22.67 | -17.34 |
For the Consulting Services subindustry, Nordicus Partners'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.
For the Business Services industry and Industrials sector, Nordicus Partners's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nordicus Partners's Return-on-Tangible-Equity falls into.
Nordicus Partners'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 ) | |||||
= | -8.472 | / | ( (0.195 | + | 0.025 ) | / 2 ) | |
= | -8.472 | / | 0.11 | ||||
= | -7,701.82 % |
Nordicus Partners's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -0.3 | / | ( (1.735 | + | 1.726) | / 2 ) | |
= | -0.3 | / | 1.7305 | ||||
= | -17.34 % |
* 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 (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Nordicus Partners (OTCPK:NORD) 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.
Thank you for viewing the detailed overview of Nordicus Partners's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Partners Aps Gk | 10 percent owner | MESTERLODDEN 3B, GENTOFTE G7 2820 |
Henrik Rouf | 10 percent owner | 468 N. CAMDEN DR., SUITE 350, BEVERLY HILLS CA 90210 |
Henrik Oerbekker | 10 percent owner | 94, RUE DES AUBEPINES, L-1145, LUXEMBOURG N4 2449 |
Khristine L Carroll | officer: EVP Commercial Operations | 229 ANDOVER STREET, WILMINGTON MA 01887 |
Mark R Tauscher | director | |
Oneill William J Jr | director | 4000 HOLLYWOOD BLVD STE 650N, HOLLYWOOD FL 33021 |
Michael L Barretti | director | 78 E OLYMPIA AVE, C/O CARDIO TECH INTERNATIONAL INC, WOBURN MA 01810-2057 |
Michael F Adams | director, officer: Chief Executive Officer | 78 E OLYMPIA AVE, C/O CARDIO TECH INTERNATIONAL INC, WOBURN MA 01810-2057 |
David Crispino Volpe | officer: Chief Financial Officer | 235 STONEBRIDGE DRIVE, NASHUA NH 03063 |
Eric G Walters | officer: Vice President and CFO | C/O MFIC CORP, 30 OSSIPEE RD., NEWTON MA 02464 |
Andrew Martin Reed | officer: VP of Science and Technology | 12106 WEST 75TH LANE, ARVADA CO 80005 |
Philip Alan Beck | other: General manager | 1230 CREEKSIDE CROSSING, STILLWATER MN 55082 |
Jeremiah E Dorsey | director | P.O. BOX 910, QUECHEE VT 05059 |
Leslie M Taeger | officer: CFO | |
Douglas E Whittaker | officer: President Gish Biomedical |
From GuruFocus
By Marketwired • 06-21-2023
By sperokesalga sperokesalga • 05-22-2023
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