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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. Digital Ally's annualized net income for the quarter that ended in Dec. 2023 was $-29.92 Mil. Digital Ally's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $-2.21 Mil. Therefore, Digital Ally's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was N/A%.
The historical rank and industry rank for Digital Ally's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Digital Ally's highest Return-on-Tangible-Equity was 96.37%. The lowest was -420.26%. And the median was -99.00%.
The historical data trend for Digital Ally'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.
Digital Ally Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | - | -72.60 | 96.37 | -67.75 | -418.25 |
Digital Ally Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -163.52 | -160.83 | -395.97 | -500.71 | - |
For the Internet Content & Information subindustry, Digital Ally'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 Interactive Media industry and Communication Services sector, Digital Ally's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Digital Ally's Return-on-Tangible-Equity falls into.
Digital Ally's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -25.689 | / | ( (18.019 | + | -5.735 ) | / 2 ) | |
= | -25.689 | / | 6.142 | ||||
= | -418.25 % |
Digital Ally's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -29.924 | / | ( (1.322 | + | -5.735) | / 2 ) | |
= | -29.924 | / | -2.2065 | ||||
= | 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 (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Digital Ally (NAS:DGLY) 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 Digital Ally's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel Duke Daughtery | director | C/O DIGITAL ALLY, INC., 14001 MARSHALL DRIVE, LENEXA KS 66215 |
Hoffmann Christian J. Iii | director | ONE RENAISSANCE SQUARE, TWO NORTH CENTRAL AVENUE, PHOENIX AZ 85004 |
Peng Han | officer: Chief Operating Officer | 9301 W 144TH TERRACE, OVERLAND PARK KS 66221 |
Stanton E Ross | director, officer: Chairman, President, and CEO | 15612 COLLEGE BLVD., LENEXA KS 66219 |
Daniel F Hutchins | director | 11900 COLLEGE BOULEVARD, SUITE 310, OVERLAND PARK KS 66210 |
Thomas J Heckman | officer: CFO, Treasurer & Secretary | 15612 COLLEGE BLVD., LENEXA KS 66219 |
Michael Caufield | officer: VP of Strategic Development | 15612 COLLEGE BLVD., LENEXA KS 66219 |
Leroy C Richie | director | 15612 COLLEGE BLVD., LENEXA KS 66219 |
Elliot M Kaplan | director | 9705 LOIRET BLVD., LENEXA KS 66219 |
Stephen Gans | director, 10 percent owner | 14850 NW 44TH COURT, OPA LOCKA FL 33054 |
Steven Phillips | officer: Vice President of Engineering | 9705 LOIRET BLVD., LENEXA KS 66219 |
Bernard A Bianchino | director | 9601 W. 156TH STREET, OVERLAND PARK KS 66221 |
Edward Smith | officer: Vice President of Operations | 7311 W 130TH STREET, SUITE 170, OVERLAND PARK KS 66213 |
Kenneth L Mccoy | officer: Vice President of Marketing | 7311 W. 130TH, SUITE 170, OVERLAND PARK KS 66213 |
Robert D Haler | officer: Exec Vice Pres, of Product Dev | 7311 WEST 130TH, SUITE 170, OVERLAND PARK KS 66213 |
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