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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. Wolf Energy Services's annualized net income for the quarter that ended in Jun. 2023 was $-4.57 Mil. Wolf Energy Services's average shareholder tangible equity for the quarter that ended in Jun. 2023 was $-1.60 Mil. Therefore, Wolf Energy Services's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 was N/A%.
The historical rank and industry rank for Wolf Energy Services's Return-on-Tangible-Equity or its related term are showing as below:
During the past 2 years, Wolf Energy Services's highest Return-on-Tangible-Equity was 468.88%. The lowest was 0.00%. And the median was 468.88%.
The historical data trend for Wolf Energy Services'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.
Wolf Energy Services Annual Data | |||||
Trend | Mar22 | Mar23 | |||
Return-on-Tangible-Equity | 468.88 | - |
Wolf Energy Services Quarterly Data | ||||||||
Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -638.83 | - | - | - | - |
For the Trucking subindustry, Wolf Energy Services'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 Transportation industry and Industrials sector, Wolf Energy Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Wolf Energy Services's Return-on-Tangible-Equity falls into.
Wolf Energy Services's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Mar. 2023 ) | (A: Mar. 2022 ) | (A: Mar. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Mar. 2023 ) | (A: Mar. 2022 ) | (A: Mar. 2023 ) | |||||
= | -13.274 | / | ( (1.025 | + | -1.048 ) | / 2 ) | |
= | -13.274 | / | -0.0115 | ||||
= | N/A % |
Wolf Energy Services's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Jun. 2023 ) | (Q: Mar. 2023 ) | (Q: Jun. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Jun. 2023 ) | (Q: Mar. 2023 ) | (Q: Jun. 2023 ) | |||||
= | -4.572 | / | ( (-1.048 | + | -2.154) | / 2 ) | |
= | -4.572 | / | -1.601 | ||||
= | N/A % |
* 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. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Wolf Energy Services (OTCPK:WOEN) 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 Wolf Energy Services's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Jay M. Puchir | officer: CEO & President of Subsidiary | 3333 PINNACLE HILLS PARKWAY, SUITE 220, ROGERS AR 72758 |
Jimmy Ray Galla | director, officer: CEO and CFO | 408 STATE HWY 135N, KILGORE TX 75662 |
Ecoark Holdings, Inc. | 10 percent owner | 303 PEARL PARKWAY SUITE 200, SAN ANTONIO TX 78215 |
Jimmy Don Reedy | director | 303 PEARL PARKWAY, SUITE 200, SAN ANTONIO TX 78215 |
Raynard Veldman | director | 2011 ROYAL CREST, MANSFIELD TX 76063 |
Adele Dibella | 10 percent owner | 3500 BAYVIEW DRIVE, FT. LAUDERDALE FL 33308 |
John Dibella | director, officer: Chief Executive Officer | 821 NW 57TH PLACE, FORT LAUDERDALE FL 33309 |
Alberto Dibella | director, 10 percent owner, officer: Chief Executive Officer | 3500 BAYVIEW DRIVE, FORT LAUDERDALE FL 33301 |
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