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Wireless Telecom Group (Wireless Telecom Group) ROE % : -9.28% (As of Mar. 2023)


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What is Wireless Telecom Group ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Wireless Telecom Group's annualized net income for the quarter that ended in Mar. 2023 was $-3.76 Mil. Wireless Telecom Group's average Total Stockholders Equity over the quarter that ended in Mar. 2023 was $40.56 Mil. Therefore, Wireless Telecom Group's annualized ROE % for the quarter that ended in Mar. 2023 was -9.28%.

The historical rank and industry rank for Wireless Telecom Group's ROE % or its related term are showing as below:

WTT' s ROE % Range Over the Past 10 Years
Min: -27.63   Med: 0.62   Max: 41.89
Current: 9.16

During the past 13 years, Wireless Telecom Group's highest ROE % was 41.89%. The lowest was -27.63%. And the median was 0.62%.

WTT's ROE % is not ranked
in the Hardware industry.
Industry Median: 4.525 vs WTT: 9.16

Wireless Telecom Group ROE % Historical Data

The historical data trend for Wireless Telecom Group's ROE % 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.

* Premium members only.

Wireless Telecom Group ROE % Chart

Wireless Telecom Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 -1.28 -27.63 5.51 41.89

Wireless Telecom Group Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 120.61 -14.69 -25.61 85.64 -9.28

Competitive Comparison of Wireless Telecom Group's ROE %

For the Communication Equipment subindustry, Wireless Telecom Group's ROE %, along with its competitors' market caps and ROE % 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.


Wireless Telecom Group's ROE % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wireless Telecom Group's ROE % distribution charts can be found below:

* The bar in red indicates where Wireless Telecom Group's ROE % falls into.



Wireless Telecom Group ROE % Calculation

Wireless Telecom Group's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as

ROE %=Net Income (A: Dec. 2022 )/( (Total Stockholders Equity (A: Dec. 2021 )+Total Stockholders Equity (A: Dec. 2022 ))/ count )
=14.589/( (28.62+41.038)/ 2 )
=14.589/34.829
=41.89 %

Wireless Telecom Group's annualized ROE % for the quarter that ended in Mar. 2023 is calculated as

ROE %=Net Income (Q: Mar. 2023 )/( (Total Stockholders Equity (Q: Dec. 2022 )+Total Stockholders Equity (Q: Mar. 2023 ))/ count )
=-3.764/( (41.038+40.091)/ 2 )
=-3.764/40.5645
=-9.28 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2023) net income data. ROE % is displayed in the 30-year financial page.


Wireless Telecom Group  (AMEX:WTT) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2023 )
=Net Income/Total Stockholders Equity
=-3.764/40.5645
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3.764 / 20.7)*(20.7 / 44.676)*(44.676 / 40.5645)
=Net Margin %*Asset Turnover*Equity Multiplier
=-18.18 %*0.4633*1.1014
=ROA %*Equity Multiplier
=-8.42 %*1.1014
=-9.28 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2023 )
=Net Income/Total Stockholders Equity
=-3.764/40.5645
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-3.764 / -4.412) * (-4.412 / -5.528) * (-5.528 / 20.7) * (20.7 / 44.676) * (44.676 / 40.5645)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8531 * 0.7981 * -26.71 % * 0.4633 * 1.1014
=-9.28 %

Note: The net income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Wireless Telecom Group ROE % Related Terms

Thank you for viewing the detailed overview of Wireless Telecom Group's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Wireless Telecom Group (Wireless Telecom Group) Business Description

Traded in Other Exchanges
N/A
Address
25 Eastmans Road, Parsippany, NJ, USA, 07054
Wireless Telecom Group Inc is a designer and manufacturer of advanced radio frequency (RF) and microwave components, modules, systems, and instruments. Serving aerospace and defense companies, military and government agencies, satellite communication companies, semiconductor manufacturers, and other technology companies. The company's products include RF power meters, sensors and analyzers, RF synthesizers, noise generators and components and phased noise analyzers. The company's services include calibration, repair and maintenance.
Executives
Manko Joseph M. Jr. 10 percent owner 1717 ARCH STREET, 37TH FLOOR, PHILADELPHIA PA 19103
C Scott Gibson director PMB 316, PO BOX 30,000, JACKSON WY 83002
Jennifer M Fritzsche director 11780 U.S. HIGHWAY 1, SUITE 600, PALM BEACH GARDENS FL 33408
Alfred Rodriguez officer: Chief Revenue Officer C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD, PARSIPPANY NJ 07054
Timothy Whelan director C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS ROAD, PARSIPANNY NJ 07054
Michael Kandell officer: Chief Financial Officer C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Horton Capital Partners Fund, L.p. 10 percent owner 1717 ARCH STREET, 37TH FLOOR, PHILADELPHIA PA 19103
Horton Capital Partners, Llc 10 percent owner 1717 ARCH STREET, 37TH FLOOR, PHILADELPHIA PA 19103
Horton Capital Management, Llc 10 percent owner 1717 ARCH STREET, 37TH FLOOR, PHILADELPHIA PA 19103
Daniel Monopoli officer: Chief Technology Officer WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Michael Millegan director C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Weinstein Allan D.l. director C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Bell Don Carlos Iii director 3713 SOUTHWESTERN BLVD, DALLAS TX 75225
E Wayne Nordberg 10 percent owner C/O HOLLOW BROOK WEALTH MANAGEMENT LLC, 420 LEXINGTON AVENUE, SUITE 2840, NEW YORK NY 10170
Philip E. Richter 10 percent owner C/O HOLLOW BROOK WEALTH MANAGEMENT LLC, 420 LEXINGTON AVENUE, SUITE 2840, NEW YORK NY 10170