What is Huntington Ingalls Industries 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. Huntington Ingalls Industries's annualized net income for the quarter that ended in Dec. 2023 was $1,096 Mil. Huntington Ingalls Industries's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $388 Mil. Therefore, Huntington Ingalls Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 282.47%.
The historical rank and industry rank for Huntington Ingalls Industries's Return-on-Tangible-Equity or its related term are showing as below:
HII'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 312.39 Med: 312.39 Max: 516.69
Current: 516.69
During the past 13 years, Huntington Ingalls Industries's highest Return-on-Tangible-Equity was 516.69%. The lowest was 312.39%. And the median was 312.39%.
HII's Return-on-Tangible-Equity is ranked better than 91.38% of 290
companies
in the Aerospace & Defense industry
Industry Median: 7.695
vs HII: 516.69
Huntington Ingalls Industries Return-on-Tangible-Equity Historical Data
* 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 Huntington Ingalls Industries's Return-on-Tangible-Equity
For the Aerospace & Defense subindustry, Huntington Ingalls Industries'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.
Huntington Ingalls Industries's Return-on-Tangible-Equity Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Huntington Ingalls Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Huntington Ingalls Industries'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 four times the quarterly (Dec. 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.
Huntington Ingalls Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Huntington Ingalls Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Huntington Ingalls Industries (Huntington Ingalls Industries) Business Description
Huntington Ingalls Industries is the largest independent military shipbuilder in the U.S., spun off of Northrop Grumman in 2011. It operates three segments, two of which are historied shipyards: Ingalls produces non-nuclear-powered ships including amphibious landing ships and Arleigh Burke-class destroyers while Newport News produces nuclear-powered ships as the only producer of Gerald Ford-class aircraft carriers and a major subcontractor on Virginia and Columbia-class nuclear submarines. Huntington Ingalls shares production of destroyers and nuclear submarines with General Dynamics' Bath Iron Works and Electric Boat shipyards, respectively. The company's Mission Technologies segment produces uncrewed sea vessels and provides a range of IT and other services to U.S. government agencies.
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