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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. CVD Equipment's annualized net income for the quarter that ended in Dec. 2023 was $-9.10 Mil. CVD Equipment's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $27.15 Mil. Therefore, CVD Equipment's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -33.50%.
The historical rank and industry rank for CVD Equipment's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, CVD Equipment's highest Return-on-Tangible-Equity was 17.97%. The lowest was -22.77%. And the median was -4.49%.
The historical data trend for CVD Equipment'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.
CVD Equipment Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -19.55 | -22.77 | 17.97 | -0.77 | -15.07 |
CVD Equipment Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 21.82 | -0.54 | -15.34 | -10.62 | -33.50 |
For the Specialty Industrial Machinery subindustry, CVD Equipment'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 Industrial Products industry and Industrials sector, CVD Equipment's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CVD Equipment's Return-on-Tangible-Equity falls into.
CVD Equipment's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -4.18 | / | ( (29.28 | + | 26.194 ) | / 2 ) | |
= | -4.18 | / | 27.737 | ||||
= | -15.07 % |
CVD Equipment'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 ) | |||||
= | -9.096 | / | ( (28.109 | + | 26.194) | / 2 ) | |
= | -9.096 | / | 27.1515 | ||||
= | -33.50 % |
* 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.
CVD Equipment (NAS:CVV) 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 CVD Equipment's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew Africk | 10 percent owner | |
Ashraf Wagih Lotfi | director | C/O CVD EQUIPMENT CORPORATION, 355 S. TECHNOLOGY DRIVE, CENTRAL ISLIP NY 11722 |
Lawrence Waldman | director | 5115 ULMERTON RD., CLEARWATER FL 33770 |
Raymond A Nielsen | director | BRIDGE BANCORP INC, 2200 MONTAUK HIGHWAY, BRIDGEHAMPTON NY 11932 |
Gunther Conrad J Jr | director | 249 JENNINGS ROAD, COLD SPRING HARBOR NY 11724 |
Debra Ann Wasser | director | C/O CVD EQUIPMENT CORPORATION, 355 S. TECHNOLOGY DRIVE, CENTRAL ISLIP NY 11722 |
Brill Dr Robert M | director | NEW LIGHT MANAGEMENT LLC, 500 N BROADWAY SUITE 144, JERICHO NY 11753 |
Warren David Cheesman | officer: Vice President-Manufacturing | 389 WOODBRIDGE ROAD, ROCKVILLE CENTRE NY 11570 |
Ada Partners, L.p. | 10 percent owner | 111 WEST 67TH STREET, 21ST FLOOR, NEW YORK NY 10023 |
Richard Andrew Catalano | officer: Chief Financial Officer | 82 WHITEHALL BLVD, GARDEN CITY NY 11530 |
Maxim S. Shatalov | officer: Vice President-Engineering | 94 CHESTNUT STREET, MOUNT SINAI NY 11766 |
Kevin Richard Collins | officer: VP & GM (SDC) | 1117 OLD KINGS HIGHWAY, SAUGERTIES NY 12477 |
Emmanuel N Lakios | officer: President & CEO | 355 SOUTH TECHNOLOGY DRIVE, CENTRAL ISLIP NY 11722 |
Jeffrey Alan Brogan | officer: VP Sales & Marketing | 3 SOUNDVIEW CT., STONY BROOK NY 11790 |
Leonard A Rosenbaum | director, officer: CEO, President | C/O CVD EQUIPMENT CORPORATION, 355 SOUTH TECHNOLOGY DRIVE, CENTRAL ISLIP NY 11722 |
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