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. AstroNova's annualized net income for the quarter that ended in Jan. 2024 was $10.8 Mil. AstroNova's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $54.9 Mil. Therefore, AstroNova's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 19.74%.
The historical rank and industry rank for AstroNova's Return-on-Tangible-Equity or its related term are showing as below:
ALOT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.45 Med: 7.7 Max: 25.59
Current: 9.1
During the past 13 years, AstroNova's highest Return-on-Tangible-Equity was 25.59%. The lowest was 3.45%. And the median was 7.70%.
ALOT's Return-on-Tangible-Equity is ranked better than 63.48% of 2366
companies
in the Hardware industry
Industry Median: 5.64
vs ALOT: 9.10
AstroNova Return-on-Tangible-Equity Historical Data
The historical data trend for AstroNova'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.
* Premium members only.
AstroNova Annual Data
Trend
Jan15
Jan16
Jan17
Jan18
Jan19
Jan20
Jan21
Jan22
Jan23
Jan24
Return-on-Tangible-Equity
5.70
3.45
14.28
5.42
8.92
AstroNova Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Return-on-Tangible-Equity
11.72
6.88
-12.98
21.45
19.74
Competitive Comparison
For the Computer Hardware subindustry, AstroNova'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.
AstroNova Return-on-Tangible-Equity Distribution
For the Hardware industry and Technology sector, AstroNova's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where AstroNova's Return-on-Tangible-Equity falls into.
AstroNova Return-on-Tangible-Equity Calculation
AstroNova's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2024 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 (Jan. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
AstroNova Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of AstroNova's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
AstroNova Inc designs develops, manufactures and distributes a broad range of specialty printers and data acquisition and analysis systems, including both hardware and software, which incorporate advanced technologies to acquire, store, analyze, and present data in multiple formats. Target markets for its hardware and software products include aerospace, apparel, automotive, avionics, chemicals, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging and transportation. Its business consists of two segments, Product Identification and Test & Measurement. It derives revenue from The PI segment that includes specialty printing systems and related supplies sold under the QuickLabel, TrojanLabel and GetLabels brand names.
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