What is Frequency Electronics 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. Frequency Electronics's annualized net income for the quarter that ended in Jan. 2024 was $0.52 Mil. Frequency Electronics's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $35.85 Mil. Therefore, Frequency Electronics's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 1.45%.
The historical rank and industry rank for Frequency Electronics's Return-on-Tangible-Equity or its related term are showing as below:
FEIM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -31.42 Med: -4.68 Max: 9.44
Current: 9.44
During the past 13 years, Frequency Electronics's highest Return-on-Tangible-Equity was 9.44%. The lowest was -31.42%. And the median was -4.68%.
FEIM's Return-on-Tangible-Equity is ranked better than 64.65% of 2365
companies
in the Hardware industry
Industry Median: 5.56
vs FEIM: 9.44
Frequency Electronics Return-on-Tangible-Equity Historical Data
The historical data trend for Frequency Electronics'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.
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Frequency Electronics Return-on-Tangible-Equity Chart
Competitive Comparison of Frequency Electronics's Return-on-Tangible-Equity
For the Communication Equipment subindustry, Frequency Electronics'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.
Frequency Electronics's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Frequency Electronics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Frequency Electronics's Return-on-Tangible-Equity falls into.
Frequency Electronics Return-on-Tangible-Equity Calculation
Frequency Electronics's annualized Return-on-Tangible-Equity for the fiscal year that ended in Apr. 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 (Jan. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Frequency Electronics (NAS:FEIM) 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.
Frequency Electronics Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Frequency Electronics's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Frequency Electronics (Frequency Electronics) Business Description
Frequency Electronics Inc is engaged in the design, development, and manufacture of high-precision timing, and frequency control products for space, air, sea, and terrestrial applications. The company has FEI-NY and FEI-Zyfer reportable segments. It derives the majority of its revenues from the FEI-NY segment. FEI-NY segment operations consist principally of precision time and frequency control products used in three principal markets namely communication satellites (both commercial and U.S. Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S. military.
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