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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. SMTC's annualized net income for the quarter that ended in Dec. 2020 was $-14.2 Mil. SMTC's average shareholder tangible equity for the quarter that ended in Dec. 2020 was $14.8 Mil. Therefore, SMTC's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2020 was -95.81%.
The historical rank and industry rank for SMTC's Return-on-Tangible-Equity or its related term are showing as below:
The historical data trend for SMTC'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.
SMTC Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -0.88 | -34.44 | -6.75 | -273.37 | -4.94 |
SMTC Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 45.58 | 27.16 | 28.05 | 32.13 | -95.81 |
For the Electronic Components subindustry, SMTC'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.
For the Hardware industry and Technology sector, SMTC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SMTC's Return-on-Tangible-Equity falls into.
SMTC's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2020 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2020 ) | (A: Dec. 2019 ) | (A: Dec. 2020 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2020 ) | (A: Dec. 2019 ) | (A: Dec. 2020 ) | |||||
= | -0.581 | / | ( (10.185 | + | 13.324 ) | / 2 ) | |
= | -0.581 | / | 11.7545 | ||||
= | -4.94 % |
SMTC's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2020 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Dec. 2020 ) | (Q: Sep. 2020 ) | (Q: Dec. 2020 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2020 ) | (Q: Sep. 2020 ) | (Q: Dec. 2020 ) | |||||
= | -14.216 | / | ( (16.351 | + | 13.324) | / 2 ) | |
= | -14.216 | / | 14.8375 | ||||
= | -95.81 % |
* 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 (Dec. 2020) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
SMTC (NAS:SMTX) 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.
Thank you for viewing the detailed overview of SMTC's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven M Waszak | officer: CFO | C/O SMTC CORPORATION 7050 WOODBINE AVENUE MARKHAM A6 L3R4G8 |
David Sandberg | director, 10 percent owner | 40 SE 5TH STREET, SUITE 502, BOCA RATON FL 33432 |
Clarke H Bailey | director | |
Red Oak Partners, Llc | 10 percent owner | 95 S. FEDERAL HWY, SUITE 201, BOCA RATON FL 33432 |
John Randall Waterfield | director | 140 BROADWAY, 46TH FLOOR, NEW YORK NY 10005 |
Frederick Gerald Wasserman | director | 4 NOBADEER DRIVE, PENNINGTON NJ 08534 |
Richard E Fitzgerald | officer: COO | SMTEK INTERNATIONAL INC 200 SCIENCE DRIVE MOORPARK CA 93021-2800 |
Edward J Smith | director, officer: President & CEO | 635 HOOD ROAD, MARKHAM A6 L3R 4N6 |
Roger Dunfield | officer: Chief Financial Officer | 116 TAYLOR STREET SANTA CRUZ CA 95060 |
Sushil Dhiman | director, officer: President and CEO | 2448 CORUM COURT UNION CITY CA 94587 |
Lawrence Harris Silber | director | 7 FOX HOLLOW COURT, FLEMINGTON NJ 08822 |
Jim Currie | officer: Chief Financial Officer | 635 HOOD ROAD MARKHAM Z4 L4R RN6 |
Alex Hugh Walker | director, officer: Co-Chief Executive Officer | 73 KATHERINE CRESCENT STOUFFVILLE A6 L4A 1K5 |
Claude Germain | officer: Co-Chief Executive Officer | 188 GORMLEY ROAD W., RICHMOND HILL A6 L4E1A2 |
Paul M Blom | officer: Executive VP, Operations | 8 MCROBERTS PLACE AURORA A6 L4G 6X2 |
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