What is OCZ Technology Group 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. OCZ Technology Group's annualized net income for the quarter that ended in Aug. 2013 was €-78.3 Mil. OCZ Technology Group's average shareholder tangible equity for the quarter that ended in Aug. 2013 was €-0.8 Mil. Therefore, OCZ Technology Group's annualized Return-on-Tangible-Equity for the quarter that ended in Aug. 2013 was N/A%.
The historical rank and industry rank for OCZ Technology Group's Return-on-Tangible-Equity or its related term are showing as below:
FRA:OADA's Return-on-Tangible-Equity is not ranked *
in the Hardware industry.
Industry Median: 5.38 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
OCZ Technology Group Return-on-Tangible-Equity Historical Data
The historical data trend for OCZ Technology Group'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.
OCZ Technology Group Return-on-Tangible-Equity Chart
Competitive Comparison of OCZ Technology Group's Return-on-Tangible-Equity
For the Computer Hardware subindustry, OCZ Technology Group'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.
OCZ Technology Group's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, OCZ Technology Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where OCZ Technology Group's Return-on-Tangible-Equity falls into.
OCZ Technology Group Return-on-Tangible-Equity Calculation
OCZ Technology Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Feb. 2013 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 (Aug. 2013) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
OCZ Technology Group (FRA:OADA) 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.
OCZ Technology Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of OCZ Technology Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
OCZ Technology Group (FRA:OADA) Business Description
OCZ Technology Group, Inc., a Delaware corporation was formed in 2002. The Company is a provider of high performance solid state drives (SSDs) and memory modules for computing devices and systems. It develops flexible and customizable component solutions quickly and efficiently to meet the ever changing market needs and provide superior customer service. Historically, it mainly sold high performance memory modules to individual computing enthusiasts through catalog and online retail channels. However, SSDs have emerged as a strong market alternative to conventional disk drive technology and SSDs are rooted in much of the same basic technological concepts as its legacy memory module business. Today, as part of a diversification strategy which began in fiscal year 2009, its product mix is significantly more weighted toward the sale of SSDs and the SSD product line has become central to its business. As a result, its target customers are increasingly enterprises and original equipment manufacturers (or OEMs). It designs, develops, manufactures and distributes high performance components for computing devices and systems, including SSDs, other flash memory storage, memory modules, thermal management solutions and PSUs. Its ten largest customers are Amazon.com; ASK Corporation; BAS Group; D&H Distribution Company; Maxcom Memory GmbH; Memoryworld GmbH & Co., KG; Micro Center Corporation; Micro Peripherals LTD; NewEgg.com, operated by Magnell Associate Inc.; and SYX Distribution, Inc. The Company's business is subject to regulation by various federal and state governmental agencies.
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