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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. Dominari Holdings's annualized net income for the quarter that ended in Dec. 2023 was $-27.66 Mil. Dominari Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $55.64 Mil. Therefore, Dominari Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -49.72%.
The historical rank and industry rank for Dominari Holdings's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Dominari Holdings's highest Return-on-Tangible-Equity was 27.36%. The lowest was -738.77%. And the median was -36.12%.
The historical data trend for Dominari Holdings'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.
Dominari Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -36.97 | -61.45 | -10.93 | -25.21 | -36.12 |
Dominari Holdings 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 | -37.30 | -21.07 | -52.96 | -23.58 | -49.72 |
For the Biotechnology subindustry, Dominari Holdings'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 Biotechnology industry and Healthcare sector, Dominari Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Dominari Holdings's Return-on-Tangible-Equity falls into.
Dominari Holdings'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 ) | |||||
= | -22.882 | / | ( (73.767 | + | 52.923 ) | / 2 ) | |
= | -22.882 | / | 63.345 | ||||
= | -36.12 % |
Dominari Holdings'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 ) | |||||
= | -27.664 | / | ( (58.347 | + | 52.923) | / 2 ) | |
= | -27.664 | / | 55.635 | ||||
= | -49.72 % |
* 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.
Dominari Holdings (NAS:DOMH) 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 Dominari Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Kyle Michael Wool | director | 650 5TH AVE, 35TH FLOOR, NEW YORK NY 10019 |
Christopher Franklin Devall | officer: Chief Operating Officer | DOMINARI HOLDINGS INC., ONE ROCKEFELLER PLAZA, 11TH FLOOR, NEW YORK NY 10020 |
Anthony Hayes | director, officer: Chief Executive Officer | 1796 SHADY LANE, COLUMBIA SC 29206 |
George Way | officer: Chief Financial Officer | C/O DOMINARI HOLDINGS INC., 725 5TH AVENUE 23RD FLOOR, NEW YORK NY 10022 |
Soo Yu | director | ONE ROCKEFELLER PLAZA, 11TH FLOOR, NEW YORK NY 10020 |
Tim S Ledwick | director | 10200 INNOVATION DRIVE, SUITE 300, MILWAUKEE WI 53226 |
Gregory James Blattner | director | ONE ROCKEFELLER PLAZA 11TH FLOOR, NEW YORK NY 10020 |
Paul Lemire | director | ONE ROCKEFELLER PLAZA, 11TH FLOOR, NEW YORK NY 10020 |
Robert Frederick Dudley | director | ONE ROCKEFELLER PLAZA, 11TH FLOOR, NEW YORK NY 10020 |
Zanden Robert J Vander | director | 913 HIGH KNOLL WAY, TRAVELERS REST SC 29690 |
Eric Weisblum | director | 285 GRAND AVENUE, ENGLEWOOD NJ 07631 |
Howard E Goldberg | director | 781 THIRD AVENUE, KING OF PRUSSIA PA 194061409 |
Frank Reiner | officer: Interim CFO | 6430 ROCKLEDGE DRIVE, SUITE 503, BETHESDA MD 20817 |
Jeffrey Ballabon | director | 6430 ROCKLEDGE DRIVE, BETHESDA NY 20817 |
Richard Cohen | officer: Chief Financial Officer | C/O DUNE ENERGY, INC., TWO SHELL PLAZA, 777 WALKER STREET, SUITE 2300, HOUSTON TX 77002 |
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