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. Planar Systems's annualized net income for the quarter that ended in Jun. 2015 was €-1.0 Mil. Planar Systems's average shareholder tangible equity for the quarter that ended in Jun. 2015 was €44.4 Mil. Therefore, Planar Systems's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2015 was -2.35%.
The historical rank and industry rank for Planar Systems's Return-on-Tangible-Equity or its related term are showing as below:
FRA:PL4'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -179.89 Med: -11.56 Max: 14.01
Current: 14.01
During the past 13 years, Planar Systems's highest Return-on-Tangible-Equity was 14.01%. The lowest was -179.89%. And the median was -11.56%.
FRA:PL4's Return-on-Tangible-Equity is not ranked
in the Hardware industry.
Industry Median: 5.34
vs FRA:PL4: 14.01
Planar Systems Return-on-Tangible-Equity Historical Data
The historical data trend for Planar Systems'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 Planar Systems's Return-on-Tangible-Equity
For the Electronic Components subindustry, Planar Systems'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.
Planar Systems's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Planar Systems's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Planar Systems's Return-on-Tangible-Equity falls into.
Planar Systems Return-on-Tangible-Equity Calculation
Planar Systems's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2014 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 (Jun. 2015) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Planar Systems (FRA:PL4) 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.
Planar Systems Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Planar Systems's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Planar Systems Inc was incorporated on April 27, 1983. The Company is a provider of specialty display products, solutions, and services for customers in a number of end-market segments. Products include display components, completed displays, and display solutions and systems based on a variety of flat panel and front- and rear-projection technologies. The Company capitalizes on its strong supply chain, logistics, and distribution relationships to sell a variety of mainly LCD based displays to the United States marketplace. The Company offers High-End Home Display which offers various high-performance home theater front-projection systems, video processing equipment, large-format thin displays, and accessories, that aims at the high-end home market and certain commercial installations The Company employs sales professionals in many countries around the world and sells both directly to end users and through reseller channels.The Company's direct competitors are numerous and diverse. In display systems including AMLCD components sourced from manufacturers, Planar's value-added specialty display products compete against those of NEC, Acer, Viewsonic, Dell and others in the IT market. The Company's operations are subject to environmental and various other regulations in each of the jurisdictions in which it conducts business.
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