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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. MIND Technology's annualized net income for the quarter that ended in Oct. 2023 was $2.27 Mil. MIND Technology's average shareholder tangible equity for the quarter that ended in Oct. 2023 was $17.59 Mil. Therefore, MIND Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2023 was 12.91%.
The historical rank and industry rank for MIND Technology's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, MIND Technology's highest Return-on-Tangible-Equity was 2.88%. The lowest was -66.96%. And the median was -37.62%.
The historical data trend for MIND Technology'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.
For the Scientific & Technical Instruments subindustry, MIND Technology'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 Hardware industry and Technology sector, MIND Technology's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where MIND Technology's Return-on-Tangible-Equity falls into.
MIND Technology's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Jan. 2023 ) | (A: Jan. 2022 ) | (A: Jan. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Jan. 2023 ) | (A: Jan. 2022 ) | (A: Jan. 2023 ) | |||||
= | -8.832 | / | ( (24.245 | + | 18.121 ) | / 2 ) | |
= | -8.832 | / | 21.183 | ||||
= | -41.69 % |
MIND Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Oct. 2023 ) | (Q: Jul. 2023 ) | (Q: Oct. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Oct. 2023 ) | (Q: Jul. 2023 ) | (Q: Oct. 2023 ) | |||||
= | 2.272 | / | ( (17.058 | + | 18.13) | / 2 ) | |
= | 2.272 | / | 17.594 | ||||
= | 12.91 % |
* 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 (Oct. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
MIND Technology (NAS:MIND) 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 MIND Technology's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Peter H Blum | director | 999 18TH STREET, STE 1700, DENVER CO 80202 |
Alan Perry Baden | director | 2635 SUTTON COURT, HOUSTON TX 77027 |
Nancy Jean Harned | director | 2704 CHESTER FOREST COURT, VIRGINIA BEACH VA 23452 |
Thomas S Glanville | director | 2818 N SULLIVAN ROAD, SPOLANE WA 99216 |
Mark Alan Cox | officer: Principal Accounting Officer | 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010 |
Guy Malden | officer: Co-CEO and EVP | P O BOX 1175, HUNTSVILLE TX 77342 |
Marcus C Rowland | director | 920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024 |
Robert John Albers | director | 2171 LOMA LINDA DRIVE, PAGOSA SPRINGS CO 81147 |
Robert P Capps | director, officer: Co-CEO and CFO | |
Dennis Patrick Morris | officer: Chief Operating Officer | 7026 TEAL LOOP, GIG HARBOR WA 98335 |
William Hunter Hilarides | director | 10710 OX CROFT CT., FAIRFAX STATION VA 22039 |
Midwood Capital Management Llc | 10 percent owner | 575 BOYLSON ST., 4TH FLOOR, BOSTON MA 02116 |
Paul Guy Rogers | officer: VP - Business Development | |
John F Schwalbe | director | |
R Dean Lewis | director |
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