Joy Global (Joy Global) Return-on-Tangible-Equity : -0.14% (As of Jan. 2017)

Joy Global Return-on-Tangible-Equity Chart

Joy Global Annual Data
	Trend	Oct07	Oct08	Oct09	Oct10	Oct11	Oct12	Oct13	Oct14	Oct15	Oct16
Return-on-Tangible-Equity		Get a 7-Day Free Trial					87.41	64.97	33.04	-130.16	-7.22

Joy Global Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Return-on-Tangible-Equity	Get a 7-Day Free Trial															-20.76	-5.13	0.06	-4.22	-0.14

Competitive Comparison of Joy Global's Return-on-Tangible-Equity

For the Farm & Heavy Construction Machinery subindustry, Joy Global'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.

Joy Global's Return-on-Tangible-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Joy Global's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Joy Global's Return-on-Tangible-Equity falls into.

Joy Global Return-on-Tangible-Equity Calculation

Joy Global's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2016 is calculated as

Joy Global's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2017 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 (Jan. 2017) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Joy Global  (NYSE:JOY) 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.

Joy Global Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Joy Global's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Joy Global (Joy Global) Business Description