What is El Sewedy Electric Co 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. El Sewedy Electric Co's annualized net income for the quarter that ended in Dec. 2023 was E£8,182 Mil. El Sewedy Electric Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was E£33,501 Mil. Therefore, El Sewedy Electric Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 24.42%.
The historical rank and industry rank for El Sewedy Electric Co's Return-on-Tangible-Equity or its related term are showing as below:
CAI:SWDY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.03 Med: 25.5 Max: 52.63
Current: 32.91
During the past 13 years, El Sewedy Electric Co's highest Return-on-Tangible-Equity was 52.63%. The lowest was 8.03%. And the median was 25.50%.
CAI:SWDY's Return-on-Tangible-Equity is ranked better than 92.12% of 2918
companies
in the Industrial Products industry
Industry Median: 7.56
vs CAI:SWDY: 32.91
El Sewedy Electric Co Return-on-Tangible-Equity Historical Data
The historical data trend for El Sewedy Electric Co'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.
El Sewedy Electric Co Return-on-Tangible-Equity Chart
Competitive Comparison of El Sewedy Electric Co's Return-on-Tangible-Equity
For the Electrical Equipment & Parts subindustry, El Sewedy Electric Co'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.
El Sewedy Electric Co's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, El Sewedy Electric Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where El Sewedy Electric Co's Return-on-Tangible-Equity falls into.
El Sewedy Electric Co Return-on-Tangible-Equity Calculation
El Sewedy Electric Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
El Sewedy Electric Co (CAI:SWDY) 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.
El Sewedy Electric Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of El Sewedy Electric Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
El Sewedy Electric Co (CAI:SWDY) Business Description
El Sewedy Electric Co is an Egypt based company that is engaged in the machinery business sector. The company's operating segment includes Cables, Constructions and Electricity products. The Cables segment is engaged in manufacturing, marketing and trading the cables. The constructions segment executes construction related to power generation units and electricity distribution networks. Electricity products segment manufactures, electric meters, transformers, electric joints, and market and trade the products. Geographically, it derives most of the revenue from Egypt.
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