Dover Return-on-Tangible-Equity

: Negative Tangible Equity% (As of Mar. 2021)

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Return-on-Tangible-Equity is calculated as Net Income attributable to Common Stockholders divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Dover's annualized net income attributable to common stockholders for the quarter that ended in Mar. 2021 was $931 Mil. Dover's average shareholder tangible equity for the quarter that ended in Mar. 2021 was $-1,679 Mil. Therefore, Dover's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2021 was Negative Tangible Equity%.

NYSE:DOV' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 365.34 Med: 713.25 Max: Negative Tangible Equity
Current: Negative Tangible Equity

365.34

Negative Tangible Equity

During the past 13 years, Dover's highest Return-on-Tangible-Equity was Negative Tangible Equity%. The lowest was 365.34%. And the median was 713.25%.

NYSE:DOV's Return-on-Tangible-Equity is ranked higher than
100% of the 2508 Companies
in the Industrial Products industry.

( Industry Median: 7.25 vs. NYSE:DOV: Negative Tangible Equity )

Dover 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.

* Premium members only.

Dover Annual Data

Trend

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Return-on-Tangible-Equity

Dover Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Return-on-Tangible-Equity																-	-	-	-	-

Competitive Comparison

* 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.

Annual Data Quarterly Data

Dover Return-on-Tangible-Equity Distribution

* The bar in red indicates where Dover's Return-on-Tangible-Equity falls into.

Dover Return-on-Tangible-Equity Calculation

Dover's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2020 is calculated as

Return-on-Tangible-Equity	=	Net Income attributable to Common Stockholders	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	Net Income attributable to Common Stockholders	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	683.451	/	( (-1805.701	+	-1770.541 )	/ 2 )
	=	683.451	/	-1788.121
	=	Negative Tangible Equity %

Dover's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2021 is calculated as

Return-on-Tangible-Equity	=	Net Income attributable to Common Stockholders	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Mar. 2021 )		(Q: Dec. 2020 )		(Q: Mar. 2021 )
	=	Net Income attributable to Common Stockholders	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Mar. 2021 )		(Q: Dec. 2020 )		(Q: Mar. 2021 )
	=	931.076	/	( (-1770.541	+	-1587.465)	/ 2 )
	=	931.076	/	-1679.003
	=	Negative Tangible Equity %

In the calculation of annual Return-on-Tangible-Equity, the net income attributable to common stockholders 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 attributable to common stockholders data used here is four times the quarterly (Mar. 2021) net income attributable to common stockholders data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Dover (NYSE:DOV) 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 attributable to common stockholders 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.

Dover Return-on-Tangible-Equity Related Terms

Dover Return-on-Tangible-Equity Headlines

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Dover Return-on-Tangible-Equity

Dover Return-on-Tangible-Equity Historical Data

Dover Return-on-Tangible-Equity Calculation

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