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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. Tennant Co's annualized net income for the quarter that ended in Dec. 2023 was $124 Mil. Tennant Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $313 Mil. Therefore, Tennant Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 39.57%.
The historical rank and industry rank for Tennant Co's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Tennant Co's highest Return-on-Tangible-Equity was 744.72%. The lowest was -6.56%. And the median was 37.34%.
The historical data trend for Tennant Co'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.
Tennant Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 744.72 | 68.85 | 60.80 | 37.34 | 40.64 |
Tennant Co Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 48.20 | 43.58 | 50.17 | 32.38 | 39.57 |
For the Specialty Industrial Machinery subindustry, Tennant Co'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 Industrial Products industry and Industrials sector, Tennant Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tennant Co's Return-on-Tangible-Equity falls into.
Tennant Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 109.5 | / | ( (212.4 | + | 326.5 ) | / 2 ) | |
= | 109.5 | / | 269.45 | ||||
= | 40.64 % |
Tennant Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 124 | / | ( (300.3 | + | 326.5) | / 2 ) | |
= | 124 | / | 313.4 | ||||
= | 39.57 % |
* 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 (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Tennant Co (NYSE:TNC) 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 Tennant Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Kristin A. Stokes | officer: Interim General Counsel | 701 N. LILAC DRIVE, MINNEAPOLIS MN 55422 |
Donal L Mulligan | director | ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426 |
Steven Alan Sonnenberg | director | EMERSON PROCESS MANAGEMENT - ROSEMOUNT, 8200 MARKET BOULEVARD, CHANHASSEN MN 55317 |
David W. Huml | officer: Sr. VP, Global Marketing | 701 N. LILAC DRIVE, MINNEAPOLIS MN 55422 |
Richard H. Zay | officer: Senior VP, The Americas | 701 N. LILAC DRIVE, MINNEAPOLIS MN 55422 |
Carol E. Mcknight | officer: Senior VP and CAO | 701 N. LILAC DRIVE, MINNEAPOLIS MN 55422 |
Azita Arvani | director | 1522 LOMA DRIVE, HERMOSA BEACH CA 90254 |
Carol S Eicher | director | ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106 |
Andrew P. Hider | director | 10400 CLEAN STREET, EDEN PRARIE MN 55344 |
Chris Killingstad | director, officer: President and CEO | C/O TENNANT COMPANY, 701 N. LILAC DRIVE, MINNEAPOLIS MN 55422 |
Fay West | officer: Senior VP, CFO | 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532 |
Barb Balinski | officer: SVP, Innovation & Technology | 10400 CLEAN STREET, EDEN PRAIRIE MN 55344 |
Timothy R. Morse | director | C/O YAHOO! INC., 701 FIRST AVENUE, SUNNYVALE CA 94089 |
David S Wichmann | director | BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752 |
Daniel E. Glusick | officer: SVP, Operations | 10400 CLEAN STREET, EDEN PRAIRIE MN 55344-2650 |
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