What is Akoustis Technologies Return-on-Tangible-Equity?
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. Akoustis Technologies's annualized net income for the quarter that ended in Dec. 2023 was $-62.84 Mil. Akoustis Technologies's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $32.02 Mil. Therefore, Akoustis Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -196.28%.
The historical rank and industry rank for Akoustis Technologies's Return-on-Tangible-Equity or its related term are showing as below:
AKTS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -300 Med: -111.43 Max: -55.97
Current: -136.51
During the past 11 years, Akoustis Technologies's highest Return-on-Tangible-Equity was -55.97%. The lowest was -300.00%. And the median was -111.43%.
AKTS's Return-on-Tangible-Equity is ranked worse than 97.76% of 2363
companies
in the Hardware industry
Industry Median: 5.31
vs AKTS: -136.51
Akoustis Technologies Return-on-Tangible-Equity Historical Data
The historical data trend for Akoustis Technologies'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 Akoustis Technologies's Return-on-Tangible-Equity
For the Communication Equipment subindustry, Akoustis Technologies'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.
Akoustis Technologies's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Akoustis Technologies's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Akoustis Technologies's Return-on-Tangible-Equity falls into.
* 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.
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.
Akoustis Technologies Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Akoustis Technologies's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Akoustis Technologies (Akoustis Technologies) Business Description
Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.
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