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. Vodacom Group's annualized net income for the quarter that ended in Sep. 2023 was $884 Mil. Vodacom Group's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $3,119 Mil. Therefore, Vodacom Group's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 28.35%.
The historical rank and industry rank for Vodacom Group's Return-on-Tangible-Equity or its related term are showing as below:
VDMCY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 21.93 Med: 35.39 Max: 90.91
Current: 27.71
During the past 13 years, Vodacom Group's highest Return-on-Tangible-Equity was 90.91%. The lowest was 21.93%. And the median was 35.39%.
VDMCY's Return-on-Tangible-Equity is ranked better than 66.18% of 340
companies
in the Telecommunication Services industry
Industry Median: 13.125
vs VDMCY: 27.71
Vodacom Group Return-on-Tangible-Equity Historical Data
The historical data trend for Vodacom Group'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.
Competitive Comparison of Vodacom Group's Return-on-Tangible-Equity
For the Telecom Services subindustry, Vodacom Group'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.
Vodacom Group's Return-on-Tangible-Equity Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Vodacom Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Vodacom Group's Return-on-Tangible-Equity falls into.
Vodacom Group Return-on-Tangible-Equity Calculation
Vodacom Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 is calculated as
* 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 two times the semi-annual (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Vodacom Group (OTCPK:VDMCY) 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.
Vodacom Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Vodacom Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Vodacom Group (Vodacom Group) Business Description
Vodacom Group Ltd is a telecommunications provider. The company provides fixed-line, broadband, and mobile services. It earns revenue through two main segments: South Africa and international. International includes regions such as Tanzania, Democratic Republic of Congo, Mozambique, and Lesotho; the majority of revenue is sourced from South Africa. Vodacom also has an enterprise service product, whereby telecommunications and managed services are offered to enterprises. The company owns mobile infrastructure.
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