What is HELLA GmbH KGaA 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. HELLA GmbH KGaA's annualized net income for the quarter that ended in Sep. 2023 was $285 Mil. HELLA GmbH KGaA's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $2,553 Mil. Therefore, HELLA GmbH KGaA's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 11.14%.
The historical rank and industry rank for HELLA GmbH KGaA's Return-on-Tangible-Equity or its related term are showing as below:
HLKHF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19.43 Med: 19.74 Max: 29.78
Current: 12.79
During the past 11 years, HELLA GmbH KGaA's highest Return-on-Tangible-Equity was 29.78%. The lowest was -19.43%. And the median was 19.74%.
HLKHF's Return-on-Tangible-Equity is ranked better than 64.93% of 1249
companies
in the Vehicles & Parts industry
Industry Median: 8.36
vs HLKHF: 12.79
HELLA GmbH KGaA Return-on-Tangible-Equity Historical Data
The historical data trend for HELLA GmbH KGaA'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 HELLA GmbH KGaA's Return-on-Tangible-Equity
For the Auto Parts subindustry, HELLA GmbH KGaA'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.
HELLA GmbH KGaA's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, HELLA GmbH KGaA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where HELLA GmbH KGaA'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 (Sep. 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.
HELLA GmbH KGaA Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of HELLA GmbH KGaA's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
HELLA GmbH KGaA (HELLA GmbH KGaA) Business Description
HELLA GmbH & Co KGaA is a manufacturer of lighting and electronic components and systems for the automotive industry. The company also produces complete vehicle modules, air-conditioning systems, and vehicle electrical systems in its joint-venture companies, as well as products for specialist vehicles. Further, Hella operates a trade organisation for automotive parts, accessories, diagnosis, and services in Europe. The company is controlled through a pooled family majority shareholding in the group. The company has three reportable segments which are Lighting, Electronics and Lifecycle Solutions. The company generates majority of the revenue from Lighting segment.
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