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. Ilika's annualized net income for the quarter that ended in Oct. 2023 was £-5.17 Mil. Ilika's average shareholder tangible equity for the quarter that ended in Oct. 2023 was £20.47 Mil. Therefore, Ilika's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2023 was -25.27%.
The historical rank and industry rank for Ilika's Return-on-Tangible-Equity or its related term are showing as below:
AQSE:IKA.GB'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -73.47 Med: -43.03 Max: -23.32
Current: -26.32
During the past 13 years, Ilika's highest Return-on-Tangible-Equity was -23.32%. The lowest was -73.47%. And the median was -43.03%.
AQSE:IKA.GB's Return-on-Tangible-Equity is ranked worse than 91.78% of 2920
companies
in the Industrial Products industry
Industry Median: 7.565
vs AQSE:IKA.GB: -26.32
Ilika Return-on-Tangible-Equity Historical Data
The historical data trend for Ilika'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 Ilika's Return-on-Tangible-Equity
For the Electrical Equipment & Parts subindustry, Ilika'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.
Ilika's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ilika's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ilika's Return-on-Tangible-Equity falls into.
Ilika Return-on-Tangible-Equity Calculation
Ilika's annualized Return-on-Tangible-Equity for the fiscal year that ended in Apr. 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 (Oct. 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.
Ilika Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Ilika's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Ilika PLC is a pioneer in solid-state battery technology with its innovative Stereax micro batteries designed for Industrial IoT and MedTech markets. It also offers Goliath large format batteries for the electric vehicle and consumer electronics markets. Ilika works closely with its ecosystem of partners to provide customisable Stereax micro batteries that provide the specific power requirements to IoT or MedTech applications. Stereax battery technology offers compelling advantages over conventional lithium-ion batteries, including smaller footprint, high energy density, non-toxic materials, faster charging, increased cycle life, low leakage and reduced flammability. Stereax solid state batteries are also customisable in shape and form, stackable and operational at high temperatures.
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