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. Smart Parking's annualized net income for the quarter that ended in Dec. 2023 was A$4.60 Mil. Smart Parking's average shareholder tangible equity for the quarter that ended in Dec. 2023 was A$20.04 Mil. Therefore, Smart Parking's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 22.94%.
The historical rank and industry rank for Smart Parking's Return-on-Tangible-Equity or its related term are showing as below:
ASX:SPZ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -64.25 Med: -12.21 Max: 40.73
Current: 36.74
During the past 13 years, Smart Parking's highest Return-on-Tangible-Equity was 40.73%. The lowest was -64.25%. And the median was -12.21%.
ASX:SPZ's Return-on-Tangible-Equity is ranked better than 86.61% of 1606
companies
in the Construction industry
Industry Median: 7.86
vs ASX:SPZ: 36.74
Smart Parking Return-on-Tangible-Equity Historical Data
The historical data trend for Smart Parking'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 Smart Parking's Return-on-Tangible-Equity
For the Infrastructure Operations subindustry, Smart Parking'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.
Smart Parking's Return-on-Tangible-Equity Distribution in the Construction Industry
For the Construction industry and Industrials sector, Smart Parking's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Smart Parking'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 two times the semi-annual (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.
Smart Parking Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Smart Parking's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Smart Parking Ltd engages in the provision of design, development, and management of parking technology. It operates through three segments. The Technology segment consists of the sale of Smart City and IoT technology products and solutions predominantly to the parking market globally; the Parking Management segment, which is the key revenue driver, consists of the provision of car parking management services on behalf of third party car park owners and on sites leased by the company and managed on its own behalf in the UK; and Research and Development segment includes costs to research, develop and enhance software/hardware for both the Technology and Parking Management divisions. Geographically, it has a presence in North America; UK and Europe; Asia, and Australia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ASX:SPZ has been successfully added to your 