What is Global Blood Therapeutics 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. Global Blood Therapeutics's annualized net income for the quarter that ended in Jun. 2022 was $-329.9 Mil. Global Blood Therapeutics's average shareholder tangible equity for the quarter that ended in Jun. 2022 was $126.2 Mil. Therefore, Global Blood Therapeutics's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2022 was -261.43%.
The historical rank and industry rank for Global Blood Therapeutics's Return-on-Tangible-Equity or its related term are showing as below:
GBT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -150.28 Med: -49.77 Max: -39.07
Current: -150.28
During the past 9 years, Global Blood Therapeutics's highest Return-on-Tangible-Equity was -39.07%. The lowest was -150.28%. And the median was -49.77%.
GBT's Return-on-Tangible-Equity is not ranked
in the Biotechnology industry.
Industry Median: -46.56
vs GBT: -150.28
Global Blood Therapeutics Return-on-Tangible-Equity Historical Data
The historical data trend for Global Blood Therapeutics'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.
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Global Blood Therapeutics Return-on-Tangible-Equity Chart
Competitive Comparison of Global Blood Therapeutics's Return-on-Tangible-Equity
For the Biotechnology subindustry, Global Blood Therapeutics'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.
Global Blood Therapeutics's Return-on-Tangible-Equity Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Global Blood Therapeutics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Global Blood Therapeutics's Return-on-Tangible-Equity falls into.
Global Blood Therapeutics Return-on-Tangible-Equity Calculation
Global Blood Therapeutics's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2021 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. 2022) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Global Blood Therapeutics (NAS:GBT) 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.
Global Blood Therapeutics Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Global Blood Therapeutics's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Blood Therapeutics (Global Blood Therapeutics) Business Description
Global Blood Therapeutics Inc operates in the healthcare sector of the United States. It discovers and develops novel therapeutics to address blood-based disorders. GBT440, its lead drug candidate targets the underlying mechanism of red blood cell (RBC) sickling, which provides the potential to treat sickle cell disease. GBT440. an oral, once-daily therapy arrests abnormal hemoglobin polymerization, the underlying mechanism of RBC sickling. In addition, the company is engaged in other research and development activities targeted at hereditary angioedema and owns exclusively licensed rights to its portfolio of product candidates in the United States, Europe, and other major markets.
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