What is Voyager Therapeutics 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. Voyager Therapeutics's annualized net income for the quarter that ended in Mar. 2024 was $-45.3 Mil. Voyager Therapeutics's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $288.6 Mil. Therefore, Voyager Therapeutics's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -15.70%.
The historical rank and industry rank for Voyager Therapeutics's Return-on-Tangible-Equity or its related term are showing as below:
VYGR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -97.83 Med: -52.37 Max: 89.61
Current: -1.3
During the past 11 years, Voyager Therapeutics's highest Return-on-Tangible-Equity was 89.61%. The lowest was -97.83%. And the median was -52.37%.
VYGR's Return-on-Tangible-Equity is ranked better than 79.13% of 1303
companies
in the Biotechnology industry
Industry Median: -46.56
vs VYGR: -1.30
Voyager Therapeutics Return-on-Tangible-Equity Historical Data
The historical data trend for Voyager Therapeutics'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 Voyager Therapeutics's Return-on-Tangible-Equity
For the Biotechnology subindustry, Voyager Therapeutics'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.
Voyager Therapeutics's Return-on-Tangible-Equity Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Voyager Therapeutics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Voyager Therapeutics'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.
Voyager Therapeutics Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Voyager Therapeutics's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Voyager Therapeutics (Voyager Therapeutics) Business Description
Voyager Therapeutics Inc is a gene therapy company focused on developing life-changing treatments for patients suffering from severe neurological diseases. It focuses on neurological diseases where an adeno-associated virus, or AAV, gene therapy approach that either increases or decreases the production of a specific protein can slow or reduce the symptoms experienced by patients, and therefore have a clinically meaningful impact. The company's gene therapy platform enables to engineer, optimize, manufacture and deliver AAV-based gene therapies that have the potential to provide durable efficacy following a single administration. The company operates in a single segment of developing and commercializing gene therapies.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
VYGR has been successfully added to your 