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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. Beyond Air's annualized net income for the quarter that ended in Dec. 2023 was $-64.88 Mil. Beyond Air's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $21.78 Mil. Therefore, Beyond Air's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -297.93%.
The historical rank and industry rank for Beyond Air's Return-on-Tangible-Equity or its related term are showing as below:
During the past 9 years, Beyond Air's highest Return-on-Tangible-Equity was -85.54%. The lowest was -258.49%. And the median was -104.18%.
The historical data trend for Beyond Air'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.
For the Medical Devices subindustry, Beyond Air'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 Medical Devices & Instruments industry and Healthcare sector, Beyond Air's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Beyond Air's Return-on-Tangible-Equity falls into.
Beyond Air's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Mar. 2023 ) | (A: Mar. 2022 ) | (A: Mar. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Mar. 2023 ) | (A: Mar. 2022 ) | (A: Mar. 2023 ) | |||||
= | -55.816 | / | ( (70.867 | + | 36.283 ) | / 2 ) | |
= | -55.816 | / | 53.575 | ||||
= | -104.18 % |
Beyond Air'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 ) | |||||
= | -64.88 | / | ( (24.217 | + | 19.337) | / 2 ) | |
= | -64.88 | / | 21.777 | ||||
= | -297.93 % |
* 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.
Beyond Air (NAS:XAIR) 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 Beyond Air's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Amir Avniel | director, officer: President & CEO | 2 ILAN RAMON, SCIENCE PARK, NESS ZIONA L3 7403635 |
Jeff Lynn Myers | officer: Chief Medical Officer | C/O BEYOND AIR, INC., 900 STEWART AVENUE, SUITE 301, GARDEN CITY NY 11530 |
Robert Carey | director | HORIZON PHARMA, INC., 520 LAKE COOK ROAD, SUITE 520, DEERFIELD IL 60062 |
Steven A. Lisi | director | 2 ILAN RAMON, SCIENCE PARK, NESS ZIONA L3 7403635 |
Michael A. Gaul | officer: Chief Operating Officer | 425 MARTINGALE ROAD, SUITE 1000, SCHAUMBURG IL 60173-2213 |
William P Forbes | director | C/O SALIX PHARMACEUTICALS, LTD., 8510 COLONNADE CENTER DRIVE, RALEIGH NC 27615 |
Yoori Lee | director | C/O AIT THERAPEUTICS, INC., 500 MAMARONECK AVENUE, HARRISON NY 10528 |
Ron Bentsur | director | 750 LEXINGTON AVE, 20TH FL, NEW YORK NY 10022 |
Erick Lucera | director | 138 THISTLE ROAD, NORTH ANDOVER MA 08145 |
Douglas Quinton Larson | officer: Chief Financial Officer | BEYOND AIR, INC., 900 STEWART AVENUE, SUITE 301, GARDEN CITY NY 11530 |
Douglas Beck | officer: Chief Financial Officer | C/O IBIO, INC., 9 INNOVATION WAY, SUITE 100, NEWARK DE 19711 |
Ari Raved | director | 2 ILAN RAMON, SCIENCE PARK, NESS ZIONA L3 7403635 |
Jerome B Zeldis | director | 8767 E. VIA DE VENTURA, SUITE 190, SCOTTSDALE AZ 85258 |
David Grossman | director | 2 ILAN RAMON, SCIENCE PARK, NESS ZIONA L3 7403635 |
Haim Aviv | officer: Chief Financial Officer | 2 ILAN RAMON, SCIENCE PARK, NESS ZIONA L3 7403635 |
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