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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. Pure Storage's annualized net income for the quarter that ended in Jan. 2024 was $262 Mil. Pure Storage's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $813 Mil. Therefore, Pure Storage's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 32.20%.
The historical rank and industry rank for Pure Storage's Return-on-Tangible-Equity or its related term are showing as below:
During the past 11 years, Pure Storage's highest Return-on-Tangible-Equity was 16.92%. The lowest was -172.20%. And the median was -30.71%.
The historical data trend for Pure Storage'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.
Pure Storage Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -27.90 | -53.79 | -44.24 | 16.92 | 8.72 |
Pure Storage Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 62.30 | -52.36 | -5.25 | 42.21 | 32.20 |
For the Computer Hardware subindustry, Pure Storage'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.
For the Hardware industry and Technology sector, Pure Storage's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Pure Storage's Return-on-Tangible-Equity falls into.
Pure Storage's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Jan. 2024 ) | (A: Jan. 2023 ) | (A: Jan. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Jan. 2024 ) | (A: Jan. 2023 ) | (A: Jan. 2024 ) | |||||
= | 61.311 | / | ( (530.584 | + | 875.655 ) | / 2 ) | |
= | 61.311 | / | 703.1195 | ||||
= | 8.72 % |
Pure Storage's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Jan. 2024 ) | (Q: Oct. 2023 ) | (Q: Jan. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Jan. 2024 ) | (Q: Oct. 2023 ) | (Q: Jan. 2024 ) | |||||
= | 261.752 | / | ( (750.16 | + | 875.655) | / 2 ) | |
= | 261.752 | / | 812.9075 | ||||
= | 32.20 % |
* 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 (Jan. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Pure Storage (NYSE:PSTG) 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.
Thank you for viewing the detailed overview of Pure Storage's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
P. Kevan Krysler | officer: Chief Financial Officer | 3401 HILLVIEW AVENUE, PALO ALTO CA 94304 |
Roxanne Taylor | director | PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041 |
Gregory Tomb | director | 650 CASTRO ST, SUITE 400, MOUNTAIN VIEW CA 94041 |
Mona Chu | officer: Chief Accounting Officer | 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041 |
Mallun Yen | director | 1 MARKET PLAZA, STEUART TOWER, SUITE 800, SAN FRANCISCO CA 94105 |
Brown Andrew William Fraser | director | C/O GUIDEWIRE SOFTWARE, INC., 970 PARK PL, SUITE 200, SAN MATEO CA 94403 |
John Francis Murphy | director | 2250 E. IMPERIAL HIGHWAY, EL SEGUNDO CA 90245 |
Dan Fitzsimons | officer: Chief Revenue Officer | C/O PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041 |
Ajay Singh | officer: Chief Product Officer | PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041 |
Anita M Sands | director | 350 ELLIS STREET, MOUNTAIN VIEW CA 94043 |
Scott Dietzen | director, officer: Chief Executive Officer | C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041 |
Paul S Mountford | officer: Chief Operating Officer | 950 WEST MAUDE AVE, SUNNYVALE CA 94085 |
Timothy Riitters | officer: Chief Financial Officer | C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041 |
Taylor Susan J.s. | director | C/O LINKEDIN CORPORATION, 2029 STIERLIN COURT, MOUNTAIN VIEW CA 94043 |
John Colgrove | director, officer: Chief Technology Officer | C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041 |
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