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. Apple's annualized net income for the quarter that ended in Mar. 2025 was $99,120 Mil. Apple's average shareholder tangible equity for the quarter that ended in Mar. 2025 was $66,777 Mil. Therefore, Apple's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 was 148.43%.
The historical rank and industry rank for Apple's Return-on-Tangible-Equity or its related term are showing as below:
AAPL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 38.12 Med: 64.81 Max: 175.46
Current: 146.79
During the past 13 years, Apple's highest Return-on-Tangible-Equity was 175.46%. The lowest was 38.12%. And the median was 64.81%.
AAPL's Return-on-Tangible-Equity is ranked better than 97.35% of 2337
companies
in the Hardware industry
Industry Median: 4.98
vs AAPL: 146.79
Apple Return-on-Tangible-Equity Historical Data
The historical data trend for Apple'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 Apple's Return-on-Tangible-Equity
For the Consumer Electronics subindustry, Apple'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.
Apple's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Apple's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Apple's Return-on-Tangible-Equity falls into.
* 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. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Apple (NAS:AAPL) 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.
Apple Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Apple's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
AAPL has been successfully added to your 