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. Drive Shack's annualized net income for the quarter that ended in Sep. 2023 was $-12.3 Mil. Drive Shack's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $-43.7 Mil. Therefore, Drive Shack's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was N/A%.
The historical rank and industry rank for Drive Shack's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Drive Shack's highest Return-on-Tangible-Equity was 53.37%. The lowest was -634.87%. And the median was -31.64%.
DSHK's Return-on-Tangible-Equity is not ranked *
in the Travel & Leisure industry.
Industry Median: 8.39 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Drive Shack Return-on-Tangible-Equity Historical Data
The historical data trend for Drive Shack'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 Drive Shack's Return-on-Tangible-Equity
For the Leisure subindustry, Drive Shack'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.
Drive Shack's Return-on-Tangible-Equity Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Drive Shack's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Drive Shack's Return-on-Tangible-Equity falls into.
Drive Shack Return-on-Tangible-Equity Calculation
Drive Shack'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 (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.
Drive Shack Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Drive Shack's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Drive Shack Inc is an owner and operator of golf-related leisure and entertainment businesses. The company conducts its business through three primary segments: Traditional Golf properties, Entertainment Golf venues, and corporate. The Traditional Golf properties segment operates and owns golf properties. The Entertainment Golf venues segment plans to open a chain of gold, competition, dining, and fun. The Corporate segment consists primarily of investments in loans and securities. The majority of the firm's revenue gets derived from the Traditional Golf Properties segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
DSHK has been successfully added to your 