What is Astec 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. Astec Industries's annualized net income for the quarter that ended in Dec. 2023 was $60 Mil. Astec Industries's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $581 Mil. Therefore, Astec Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 10.25%.
The historical rank and industry rank for Astec Industries's Return-on-Tangible-Equity or its related term are showing as below:
ASTE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -10.64 Med: 5.88 Max: 9.64
Current: 5.83
During the past 13 years, Astec Industries's highest Return-on-Tangible-Equity was 9.64%. The lowest was -10.64%. And the median was 5.88%.
ASTE's Return-on-Tangible-Equity is ranked worse than 63.18% of 201
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.4
vs ASTE: 5.83
Astec Industries Return-on-Tangible-Equity Historical Data
The historical data trend for Astec 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 Astec Industries's Return-on-Tangible-Equity
For the Farm & Heavy Construction Machinery subindustry, Astec 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.
Astec Industries's Return-on-Tangible-Equity Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Astec Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Astec 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.
Astec Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Astec Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Astec Industries (Astec Industries) Business Description
Astec Industries Inc designs and manufactures equipment and components used primarily in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. It has two operating segments: infrastructure solutions and materials solutions. The majority of sales are derived from the United States. Its customers are asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, demolition recycling markets, sand and gravel producers, open mine operators, quarry operators, and others.
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