Digital Turbine (NAS:APPS) Return-on-Tangible-Equity

: 0.00% (As of Mar. 2023)

View and export this data going back to 1995. Start your Free Trial

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. Digital Turbine's annualized net income for the quarter that ended in Mar. 2023 was $-55.7 Mil. Digital Turbine's average shareholder tangible equity for the quarter that ended in Mar. 2023 was $-342.9 Mil. Therefore, Digital Turbine's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2023 was N/A%.

The historical rank and industry rank for Digital Turbine's Return-on-Tangible-Equity or its related term are showing as below:

APPS' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8113.12 Med: -513.17 Max: -327.22
Current: Negative Tangible Equity

During the past 13 years, Digital Turbine's highest Return-on-Tangible-Equity was -327.22%. The lowest was -8,113.12%. And the median was -513.17%.

APPS's Return-on-Tangible-Equity is ranked better than
99.96% of 2360 companies
in the Software industry
Industry Median: 6.33 vs APPS: Negative Tangible Equity

Digital Turbine Return-on-Tangible-Equity Historical Data

The historical data trend for Digital Turbine'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.

Digital Turbine Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Return-on-Tangible-Equity

Negative Tangible Equity

Digital Turbine Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Return-on-Tangible-Equity																Negative Tangible Equity	Negative Tangible Equity	Negative Tangible Equity	Negative Tangible Equity	-

Competitive Comparison

For the Software - Application subindustry, Digital Turbine'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.

Annual Data Quarterly Data

Digital Turbine Return-on-Tangible-Equity Distribution

For the Software industry and Technology sector, Digital Turbine's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Digital Turbine's Return-on-Tangible-Equity falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Equity's extreme value range as defined by GuruFocus.

Digital Turbine Return-on-Tangible-Equity Calculation

Digital Turbine'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 )
	=	16.673	/	( (-485.81	+	-336.012 )	/ 2 )
	=	16.673	/	-410.911
	=	Negative Tangible Equity %

Digital Turbine's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-55.728	/	( (-349.872	+	-336.012)	/ 2 )
	=	-55.728	/	-342.942
	=	N/A %

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. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Digital Turbine (NAS:APPS) 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.

Digital Turbine Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Digital Turbine's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Digital Turbine (NAS:APPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital Turbine Inc (NAS:APPS) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

4MD:Germany

Address

110 San Antonio Street, Suite 160, Austin, TX, USA, 78701

Website

https://www.digitalturbine.com

Digital Turbine Inc is an independent mobile growth platform. It offers end-to-end products and solutions to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. Its operating segments are On Device Media (ODM); In App Media-AdColony; and In App Media-Fyber. The company derives key revenue from the ODM segment by providing solutions to all participants in the mobile application ecosystem who want to connect with end users and consumers who hold the device, including mobile carriers and device original equipment manufacturers (OEMs) that participate in the app economy, app publishers and developers, and brands and advertising agencies. It has a global business presence.

Executives

Senthilkumaran Kanagaratnam	officer: Chief Technology Officer	5717 LA SEYNE PLACE, SAN JOSE CA 95138
Matthew Gillis	officer: President	2400 BOSTON STREET, SUITE 201, BALTIMORE MD 21224
Mary Spilman	director	C/O CRITEO LEGAL DEPT., 387 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10016
Michael Benjamin Miller	officer: Chief Accounting Officer	360 WEST FOREST GROVE ROAD, LUCAS TX 75002
Holyce Hess Groos	director	58 CHRISTIANA COURT, LAKE GEORGE NY 12845
Christine Collins	officer: CTO	111 NUECES STREET, AUSTIN TX 78701
Michelle M Sterling	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Roy H Chestnutt	director	1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
J. Barrett Garrison	officer: EVP, CFO	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
David Wesch	officer: Acting CAO	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Mohan S Gyani	director	7277 164TH AVE NE, BLDG1, REDMOND WA 98052
Judson Bowman	director	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Craig I Forman	director	1375 PEACHTREE STREET, ATLANTA GA 30309
James Alejandro	officer: Chief Accounting Officer	2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068
Kirstie Elizabeth Brown	officer: Head, Global Fin. Obligations	2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068