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. Energy Focus's annualized net income for the quarter that ended in Mar. 2024 was $-1.67 Mil. Energy Focus's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $3.14 Mil. Therefore, Energy Focus's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -53.28%.
The historical rank and industry rank for Energy Focus's Return-on-Tangible-Equity or its related term are showing as below:
EFOI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -358.65 Med: -95.23 Max: 31.87
Current: -104.12
During the past 13 years, Energy Focus's highest Return-on-Tangible-Equity was 31.87%. The lowest was -358.65%. And the median was -95.23%.
EFOI's Return-on-Tangible-Equity is ranked worse than 98.28% of 406
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 7.395
vs EFOI: -104.12
Energy Focus Return-on-Tangible-Equity Historical Data
The historical data trend for Energy Focus'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 Energy Focus's Return-on-Tangible-Equity
For the Furnishings, Fixtures & Appliances subindustry, Energy Focus'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.
Energy Focus's Return-on-Tangible-Equity Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Energy Focus's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Energy Focus's Return-on-Tangible-Equity falls into.
Energy Focus Return-on-Tangible-Equity Calculation
Energy Focus'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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Energy Focus (NAS:EFOI) 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.
Energy Focus Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Energy Focus's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Energy Focus Inc engages in the design, development, manufacturing, marketing, and sale of energy-efficient lighting systems and controls. It serves the military maritime market and general commercial markets. Its product offerings include Military maritime LED lighting products such as military intelligible, globe lights, berth lights, and military fixtures and Commercial products such as LED fixtures and panels, LED down-lights, LED dock lights, wall-packs, and LED retrofit kits. Geographically, it operates in the United States and other countries. Its products include Commercial products and MMM products. It generates a majority of its sales from Military maritime products in the United States.
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