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. Leidos Holdings's annualized net income attributable to common stockholders for the quarter that ended in Sep. 2021 was $820 Mil. Leidos Holdings's average shareholder tangible equity for the quarter that ended in Sep. 2021 was $-3,897 Mil. Therefore, Leidos Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2021 was Negative Tangible Equity%.
The historical rank and industry rank for Leidos Holdings's Return-on-Tangible-Equity or its related term are showing as below:
NYSE:LDOS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 14.62 Med: 75.84 Max: Negative Tangible Equity
Current: Negative Tangible Equity
14.62
-
Negative Tangible Equity
During the past 13 years, Leidos Holdings's highest Return-on-Tangible-Equity was Negative Tangible Equity%. The lowest was 14.62%. And the median was 75.84%.
NYSE:LDOS's Return-on-Tangible-Equity is ranked higher than
100% of the 2191
Companies
in the Software industry.
( Industry Median: 9.71
vs. NYSE:LDOS: Negative Tangible Equity
)
Leidos Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Leidos Holdings'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.
Leidos Holdings Annual Data
Trend
Jan11
Jan12
Jan13
Jan14
Jan15
Dec16
Dec17
Dec18
Dec19
Dec20
Return-on-Tangible-Equity
Negative Tangible Equity
Negative Tangible Equity
Negative Tangible Equity
Negative Tangible Equity
Negative Tangible Equity
Leidos Holdings Quarterly Data
Dec16
Mar17
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Return-on-Tangible-Equity
Negative Tangible Equity
Negative Tangible Equity
Negative Tangible Equity
Negative Tangible Equity
Negative Tangible Equity
Competitive Comparison
For the Information Technology Services subindustry, Leidos Holdings'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.
Leidos Holdings Return-on-Tangible-Equity Distribution
For the Software industry and Technology sector, Leidos Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Leidos Holdings'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 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 (Sep. 2021) net income attributable to common stockholders 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 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.
Leidos Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Leidos Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Leidos Holdings Inc is engaged in scientific, engineering, system integration, technical services, and solutions to various government entities and highly regulated industries, including the U.S. Department of Defense, Intelligence Community and the British Ministry of Defense. Areas of focus include intelligence and surveillance, cybersecurity, complex logistics, energy, and health.
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