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. Acme United's annualized net income for the quarter that ended in Dec. 2023 was $44.8 Mil. Acme United's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $64.4 Mil. Therefore, Acme United's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 69.57%.
The historical rank and industry rank for Acme United's Return-on-Tangible-Equity or its related term are showing as below:
ACU'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.78 Med: 17.15 Max: 29.86
Current: 29.86
During the past 13 years, Acme United's highest Return-on-Tangible-Equity was 29.86%. The lowest was 5.78%. And the median was 17.15%.
ACU's Return-on-Tangible-Equity is ranked better than 86.97% of 1788
companies
in the Consumer Packaged Goods industry
Industry Median: 7.445
vs ACU: 29.86
Acme United Return-on-Tangible-Equity Historical Data
The historical data trend for Acme United'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.
For the Household & Personal Products subindustry, Acme United'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.
Acme United Return-on-Tangible-Equity Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Acme United's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Acme United's Return-on-Tangible-Equity falls into.
Acme United Return-on-Tangible-Equity Calculation
Acme United'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 four times the quarterly (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Acme United (AMEX:ACU) 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.
Acme United Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Acme United's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Acme United Corp is a supplier of first aid and medical products and cutting technology to the school, home, office, hardware, sporting goods, and industrial markets. Its principal products sold across all segments are first aid kits and medical products, scissors, shears, knives, rulers, pencil sharpeners, and sharpening tools. The Company sells its products to mass market and e-commerce retailers, industrial distributors, wholesale, contract, and retail stationery distributors, office supply superstores, sporting goods stores, and hardware chains. The Company's reportable business segments consist of the United States, Canada, and Europe, out of which a majority of the company's revenue is derived from the United States.
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