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 Testing's annualized net income for the quarter that ended in Dec. 2023 was S$3.23 Mil. Global Testing's average shareholder tangible equity for the quarter that ended in Dec. 2023 was S$59.69 Mil. Therefore, Global Testing's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 5.41%.
The historical rank and industry rank for Global Testing's Return-on-Tangible-Equity or its related term are showing as below:
SGX:AYN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.72 Med: 5.5 Max: 28.09
Current: 7.63
During the past 13 years, Global Testing's highest Return-on-Tangible-Equity was 28.09%. The lowest was -12.72%. And the median was 5.50%.
SGX:AYN's Return-on-Tangible-Equity is ranked better than 59.12% of 959
companies
in the Semiconductors industry
Industry Median: 5.23
vs SGX:AYN: 7.63
Global Testing Return-on-Tangible-Equity Historical Data
The historical data trend for Global Testing'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 Global Testing's Return-on-Tangible-Equity
For the Semiconductor Equipment & Materials subindustry, Global Testing'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 Testing's Return-on-Tangible-Equity Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Global Testing's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Global Testing's Return-on-Tangible-Equity falls into.
Global Testing Return-on-Tangible-Equity Calculation
Global Testing'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 two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Global Testing (SGX:AYN) 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 Testing Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Global Testing's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Testing Corp Ltd is engaged in providing testing services. The group provides testing services such as wafer sorting and final testing to the semiconductor industry, focusing on logic and mixed-signal semiconductors used in consumer electronics and communication devices. As part of its testing services, it provides test program development, conversion and optimization services, load board and probe card design, and leases its testers to its customers for trial and pilot testing purposes on an ad hoc basis. Geographically the business presence of the firm is seen across the region of Singapore, the USA, Taiwan, China, Japan, and other countries.
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