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. Aguas Andinas's annualized net income for the quarter that ended in Mar. 2024 was CLP219,636 Mil. Aguas Andinas's average shareholder tangible equity for the quarter that ended in Mar. 2024 was CLP648,973 Mil. Therefore, Aguas Andinas's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 33.84%.
The historical rank and industry rank for Aguas Andinas's Return-on-Tangible-Equity or its related term are showing as below:
XSGO:AGUAS-A'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 14.71 Med: 35.15 Max: 41.8
Current: 22.15
During the past 13 years, Aguas Andinas's highest Return-on-Tangible-Equity was 41.80%. The lowest was 14.71%. And the median was 35.15%.
XSGO:AGUAS-A's Return-on-Tangible-Equity is ranked better than 77.84% of 510
companies
in the Utilities - Regulated industry
Industry Median: 10.635
vs XSGO:AGUAS-A: 22.15
Aguas Andinas Return-on-Tangible-Equity Historical Data
The historical data trend for Aguas Andinas'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 Aguas Andinas's Return-on-Tangible-Equity
For the Utilities - Regulated Water subindustry, Aguas Andinas'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.
Aguas Andinas's Return-on-Tangible-Equity Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Aguas Andinas's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aguas Andinas'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.
Aguas Andinas Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Aguas Andinas's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Aguas Andinas SA delivers water-treatment solutions and other sanitation services under concession arrangements from the Chilean government. The company collects, cleans, and distributes water to residential, commercial, and industrial clients. Also, the company treats and disposes sewage and remnants from the process. Wastewater is decontaminated and used for irrigation systems. Aguas Andinas has two operating segments: water (a majority of total revenue) and nonwater. The company gathers water flowing from the Andes and has plants to transform it into a usable form. It uses tanks and an extensive underground network to distribute water to customers.
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