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. iRobot's annualized net income for the quarter that ended in Jun. 2023 was $-323 Mil. iRobot's average shareholder tangible equity for the quarter that ended in Jun. 2023 was $180 Mil. Therefore, iRobot's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 was -180.02%.
The historical rank and industry rank for iRobot's Return-on-Tangible-Equity or its related term are showing as below:
IRBT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -121.95 Med: 13.03 Max: 25.27
Current: -121.95
During the past 13 years, iRobot's highest Return-on-Tangible-Equity was 25.27%. The lowest was -121.95%. And the median was 13.03%.
IRBT's Return-on-Tangible-Equity is ranked worse than 99.01% of 403
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 7.48
vs IRBT: -121.95
iRobot Return-on-Tangible-Equity Historical Data
The historical data trend for iRobot'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.
* Premium members only.
iRobot Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Return-on-Tangible-Equity
25.27
18.68
24.72
5.13
-70.54
iRobot Quarterly Data
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Return-on-Tangible-Equity
-35.21
-116.81
-97.79
-126.82
-180.02
Competitive Comparison
For the Furnishings, Fixtures & Appliances subindustry, iRobot'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.
iRobot Return-on-Tangible-Equity Distribution
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, iRobot's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where iRobot's Return-on-Tangible-Equity falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Equity's extreme value range as defined by GuruFocus.
iRobot Return-on-Tangible-Equity Calculation
iRobot's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 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 (Jun. 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.
iRobot Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of iRobot's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
iRobot Corp is a united state based consumer robot company. It designs and builds robots that assist consumers with the solutions for the activities to be carried both inside and outside of the home. The company's consumer robot comprises a portfolio of solutions which includes cleaning, mapping and navigation, human-robot interaction, and physical solutions. The company operates in the business segment of Consumer robots. The consumer robot products are provided to the consumers by retail businesses and online store. The company derives its revenue from the product sales. It sells the products across the United States and around the world.
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