What is Scientific Industries 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. Scientific Industries's annualized net income for the quarter that ended in Dec. 2023 was $-8.89 Mil. Scientific Industries's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $10.45 Mil. Therefore, Scientific Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -85.07%.
The historical rank and industry rank for Scientific Industries's Return-on-Tangible-Equity or its related term are showing as below:
SCND'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -86.68 Med: -2.79 Max: 12.77
Current: -86.68
During the past 13 years, Scientific Industries's highest Return-on-Tangible-Equity was 12.77%. The lowest was -86.68%. And the median was -2.79%.
SCND's Return-on-Tangible-Equity is ranked worse than 96.41% of 2365
companies
in the Hardware industry
Industry Median: 5.56
vs SCND: -86.68
Scientific Industries Return-on-Tangible-Equity Historical Data
The historical data trend for Scientific Industries'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 Scientific Industries's Return-on-Tangible-Equity
For the Scientific & Technical Instruments subindustry, Scientific Industries'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.
Scientific Industries's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Scientific Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Scientific Industries'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 (Dec. 2023) 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.
Scientific Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Scientific Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Scientific Industries (Scientific Industries) Business Description
Scientific Industries Inc is engaged in the design, manufacture, and marketing of benchtop laboratory equipment. Its products are used for research purposes by universities, pharmaceutical companies, pharmacies, national laboratories, medical device manufacturers, petrochemical companies, and other industries performing laboratory-scale research. The company's operating segment includes Benchtop Laboratory Equipment, Bioprocessing Systems and Corporate. It generates maximum revenue from the Benchtop Laboratory Equipment segment. The company offers equipment products such as mixers, shakers, stirrers, refrigerated incubators, pharmacy balances and scales, force gauges, catalyst instruments, reactor systems, and high throughput systems.
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