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. Skyworks Solutions's annualized net income for the quarter that ended in Mar. 2023 was $931 Mil. Skyworks Solutions's average shareholder tangible equity for the quarter that ended in Mar. 2023 was $2,117 Mil. Therefore, Skyworks Solutions's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2023 was 43.98%.
The historical rank and industry rank for Skyworks Solutions's Return-on-Tangible-Equity or its related term are showing as below:
SWKS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 24.76 Med: 33.78 Max: 78.01
Current: 61.05
During the past 13 years, Skyworks Solutions's highest Return-on-Tangible-Equity was 78.01%. The lowest was 24.76%. And the median was 33.78%.
SWKS's Return-on-Tangible-Equity is ranked better than 95.46% of 925
companies
in the Semiconductors industry
Industry Median: 8.70
vs SWKS: 61.05
Skyworks Solutions Return-on-Tangible-Equity Historical Data
The historical data trend for Skyworks Solutions'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.
Skyworks Solutions Annual Data
Trend
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Return-on-Tangible-Equity
31.25
30.55
28.36
69.00
78.01
Skyworks Solutions Quarterly Data
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Return-on-Tangible-Equity
82.31
70.76
70.61
64.33
43.98
Competitive Comparison
For the Semiconductors subindustry, Skyworks Solutions'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.
Skyworks Solutions Return-on-Tangible-Equity Distribution
For the Semiconductors industry and Technology sector, Skyworks Solutions's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Skyworks Solutions's Return-on-Tangible-Equity falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Equity's extreme value range as defined by GuruFocus.
* 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 (Mar. 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.
Skyworks Solutions Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Skyworks Solutions's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Skyworks Solutions (NAS:SWKS) Business Description
Skyworks Solutions produces semiconductors for wireless handsets and other devices that are used to enable wireless connectivity. Its main products include power amplifiers, filters, switches, and integrated front-end modules that support wireless transmissions. Skyworks' customers are mostly large smartphone manufacturers, but the firm also has a growing presence in nonhandset applications such as wireless routers, medical devices, and automobiles.
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