What is Environmental Tectonics Return-on-Tangible-Equity?
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. Environmental Tectonics's annualized net income for the quarter that ended in Aug. 2023 was $-3.00 Mil. Environmental Tectonics's average shareholder tangible equity for the quarter that ended in Aug. 2023 was $-1.63 Mil. Therefore, Environmental Tectonics's annualized Return-on-Tangible-Equity for the quarter that ended in Aug. 2023 was N/A%.
The historical rank and industry rank for Environmental Tectonics's Return-on-Tangible-Equity or its related term are showing as below:
ETCC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -372.49 Med: -11.03 Max: 329.23
Current: -372.49
During the past 13 years, Environmental Tectonics's highest Return-on-Tangible-Equity was 329.23%. The lowest was -372.49%. And the median was -11.03%.
ETCC's Return-on-Tangible-Equity is ranked worse than 96.9% of 290
companies
in the Aerospace & Defense industry
Industry Median: 7.695
vs ETCC: -372.49
Environmental Tectonics Return-on-Tangible-Equity Historical Data
The historical data trend for Environmental Tectonics'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 Environmental Tectonics's Return-on-Tangible-Equity
For the Aerospace & Defense subindustry, Environmental Tectonics'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.
Environmental Tectonics's Return-on-Tangible-Equity Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Environmental Tectonics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Environmental Tectonics'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 two times the semi-annual (Aug. 2023) 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.
Environmental Tectonics Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Environmental Tectonics's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Environmental Tectonics (Environmental Tectonics) Business Description
Environmental Tectonics Corp is an environmental simulation company that provides training equipment, emergency response training simulators, and commercial equipment for the automotive, healthcare, and medical device industries. It operates in two primary business segments, Aerospace Solutions, and Commercial/Industrial Systems (CIS). Aerospace encompasses the design, manufacture, and sale of aircrew training systems products; altitude (hypobaric) chambers; hyperbaric chambers as well as integrated logistics support. CIS encompasses the design, manufacture, and sale of steam and gas sterilizers, environmental testing and simulation devices, and hyperbaric chambers. Aerospace Solutions segment is the major revenue contributor to the company.
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