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. EchoStar's annualized net income for the quarter that ended in Mar. 2024 was $-430 Mil. EchoStar's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $-19,013 Mil. Therefore, EchoStar's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was N/A%.
The historical rank and industry rank for EchoStar's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, EchoStar's highest Return-on-Tangible-Equity was 106.91%. The lowest was -2.24%. And the median was 6.61%.
SATS's Return-on-Tangible-Equity is not ranked *
in the Hardware industry.
Industry Median: 5.355 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
EchoStar Return-on-Tangible-Equity Historical Data
The historical data trend for EchoStar'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 EchoStar's Return-on-Tangible-Equity
For the Communication Equipment subindustry, EchoStar'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.
EchoStar's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, EchoStar's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where EchoStar's Return-on-Tangible-Equity falls into.
EchoStar Return-on-Tangible-Equity Calculation
EchoStar'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 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.
EchoStar Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of EchoStar's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Following the Dish Network merger, satellite television provides the bulk of EchoStar's revenue. The firm serves about 7 million U.S. customers, about 10% of the traditional television market. It launched an internet-based television offering under the Sling brand in 2015 and serves about 2 million customers on this platform. EchoStar's future, however, hinges primarily on the wireless business. The firm has amassed an extensive portfolio of spectrum licenses over the past 15 years and is building a nationwide wireless network. It acquired Sprint's prepaid business and serves about 8 million customers, primarily under the Boost brand. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 1 million internet customers.
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