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Vicor (VICR) Return-on-Tangible-Equity : 6.49% (As of Dec. 2023)


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What is Vicor 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. Vicor's annualized net income for the quarter that ended in Dec. 2023 was $34.7 Mil. Vicor's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $534.6 Mil. Therefore, Vicor's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 6.49%.

The historical rank and industry rank for Vicor's Return-on-Tangible-Equity or its related term are showing as below:

VICR' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -10.45   Med: 6.1   Max: 19.84
Current: 8.65

During the past 13 years, Vicor's highest Return-on-Tangible-Equity was 19.84%. The lowest was -10.45%. And the median was 6.10%.

VICR's Return-on-Tangible-Equity is ranked better than
61.65% of 2365 companies
in the Hardware industry
Industry Median: 5.56 vs VICR: 8.65

Vicor Return-on-Tangible-Equity Historical Data

The historical data trend for Vicor'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.

* Premium members only.

Vicor Return-on-Tangible-Equity Chart

Vicor Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.25 6.45 14.64 5.74 10.67

Vicor Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Return-on-Tangible-Equity 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 9.53 13.94 12.89 6.49 1.91

Competitive Comparison of Vicor's Return-on-Tangible-Equity

For the Electronic Components subindustry, Vicor'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.


Vicor's Return-on-Tangible-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Vicor's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Vicor's Return-on-Tangible-Equity falls into.



Vicor Return-on-Tangible-Equity Calculation

Vicor'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 )
=53.595/( (463.83+540.677 )/ 2 )
=53.595/502.2535
=10.67 %

Vicor'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 )
=34.672/( (528.548+540.677)/ 2 )
=34.672/534.6125
=6.49 %

* 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.


Vicor  (NAS:VICR) 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.


Vicor Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Vicor's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Vicor (VICR) Business Description

Industry
Traded in Other Exchanges
Address
25 Frontage Road, Andover, MA, USA, 01810
Vicor Corp manufactures and markets modular power components and complete power systems. It provides modular power converters and configurable products, advanced power component products and integrated circuits, and related products. Its products include Converters, Power Systems, Filters, Custom Power Systems, Input Modules, and others. Geographically, it derives a majority of its revenue from the Asia Pacific.
Executives
Quentin A. Fendelet officer: Corp. VP-CAO 25 FRONTAGE RD., ANDOVER MA 01810
Alvaro Doyle officer: VP and CIO 25 FRONTAGE RD., ANDOVER MA 01810
Claudio Tuozzolo director, officer: Corp. Vice President 25 FRONTAGE ROAD, ANDOVER MA 01810
Kemble D Morrison other: VICE PRESIDENT CORP CONTROLLER 25 FRONTAGE ROAD, ANDOVER MA 01810
Nancy L Grava officer: VP-Human Resources 25 FRONTAGE RD., ANDOVER MA 01810
Andrew D'amico director 25 FRONTAGE RD., ANDOVER MA 01810
Sean Crilly officer: Corp. VP-Engineering, Pwr.Sys. 25 FRONTAGE RD., ANDOVER MA 01810
Estia J Eichten director 25 FRONTAGE ROAD, ANDOVER MA 01810
Zmira Lavie director 25 FRONTAGE RD., ANDOVER MA 01810
Zheng John Shen director 25 FRONTAGE RD, ANDOVER MA 01810
Nagel Richard J Jr officer: VP-Chief Accounting Officer 25 FRONTAGE ROAD, ANDOVER MA 01810
Patrizio Vinciarelli director, 10 percent owner, officer: Chairman and CEO C/O VICOR CORPORATION, 25 FRONTAGE ROAD, ANDOVER MA 01810
Alex Gusinov officer: Corp. VP Engineering 25 FRONTAGE RD., ANDOVER MA 01810
Michael Mcnamara officer: VP Quality & Tech Ops. 25 FRONTAGE RD, ANDOVER MA 01810
Philip D Davies officer: VP - Global Sales & Marketing 25 FRONTAGE RD., ANDOVER MA 01810