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. Manitowoc Co's annualized net income for the quarter that ended in Dec. 2023 was $-32 Mil. Manitowoc Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $385 Mil. Therefore, Manitowoc Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -8.22%.
The historical rank and industry rank for Manitowoc Co's Return-on-Tangible-Equity or its related term are showing as below:
MTW'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -126.68 Med: -1.31 Max: 17.02
Current: 10.77
During the past 13 years, Manitowoc Co's highest Return-on-Tangible-Equity was 17.02%. The lowest was -126.68%. And the median was -1.31%.
MTW's Return-on-Tangible-Equity is ranked better than 52.48% of 202
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.5
vs MTW: 10.77
Manitowoc Co Return-on-Tangible-Equity Historical Data
The historical data trend for Manitowoc Co'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 Manitowoc Co's Return-on-Tangible-Equity
For the Farm & Heavy Construction Machinery subindustry, Manitowoc Co'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.
Manitowoc Co's Return-on-Tangible-Equity Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Manitowoc Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Manitowoc Co's Return-on-Tangible-Equity falls into.
Manitowoc Co Return-on-Tangible-Equity Calculation
Manitowoc Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Manitowoc Co (NYSE:MTW) 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.
Manitowoc Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Manitowoc Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Manitowoc Co Inc provides engineered lifting solutions. It designs and manufactures mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks. It offers products under brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care. Its crane products serve dealers, rental companies, contractors, and government entities in diverse markets, including energy production/distribution and utility, petrochemical and industrial, infrastructure, and commercial/residential construction. Manitowoc has three reportable segments: the Americas, Europe and Africa, and the Middle East and Asia-Pacific. The Americas segment provides the largest revenue stream to the firm.
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