What is AB Spolka Akcyjna 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. AB Spolka Akcyjna's annualized net income for the quarter that ended in Mar. 2024 was zł147 Mil. AB Spolka Akcyjna's average shareholder tangible equity for the quarter that ended in Mar. 2024 was zł1,259 Mil. Therefore, AB Spolka Akcyjna's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 11.66%.
The historical rank and industry rank for AB Spolka Akcyjna's Return-on-Tangible-Equity or its related term are showing as below:
WAR:ABE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.43 Med: 13.59 Max: 26.3
Current: 26.3
During the past 13 years, AB Spolka Akcyjna's highest Return-on-Tangible-Equity was 26.30%. The lowest was 8.43%. And the median was 13.59%.
WAR:ABE's Return-on-Tangible-Equity is ranked better than 91.95% of 2359
companies
in the Hardware industry
Industry Median: 5.38
vs WAR:ABE: 26.30
AB Spolka Akcyjna Return-on-Tangible-Equity Historical Data
The historical data trend for AB Spolka Akcyjna'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 AB Spolka Akcyjna's Return-on-Tangible-Equity
For the Electronics & Computer Distribution subindustry, AB Spolka Akcyjna'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.
AB Spolka Akcyjna's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, AB Spolka Akcyjna's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where AB Spolka Akcyjna's Return-on-Tangible-Equity falls into.
AB Spolka Akcyjna Return-on-Tangible-Equity Calculation
AB Spolka Akcyjna's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 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 four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
AB Spolka Akcyjna (WAR:ABE) 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.
AB Spolka Akcyjna Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of AB Spolka Akcyjna's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
AB Spolka Akcyjna is a Poland-based company that operates as a distributor of IT and consumer electronics. The company distributes consumer electronics and equipment connected with mobile telephony, expands its portfolio of products. The group also trades in household appliances, toys, telephone products, and digital terrestrial televisions; and provides cloud computing solutions and other services, and logistics services. In addition, it manufactures personal computers; and engages in retail trade activities. Geographically its business presence can be seen in the region of Poland, the Czech Republic, and Slovakia.
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