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Arax Holdings (Arax Holdings) Return-on-Tangible-Equity : 11.59% (As of Jan. 2024)


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What is Arax Holdings 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. Arax Holdings's annualized net income for the quarter that ended in Jan. 2024 was $0.14 Mil. Arax Holdings's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $1.24 Mil. Therefore, Arax Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 11.59%.

The historical rank and industry rank for Arax Holdings's Return-on-Tangible-Equity or its related term are showing as below:

ARAT' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2204.99   Med: -2204.99   Max: -222.1
Current: -222.1

During the past 9 years, Arax Holdings's highest Return-on-Tangible-Equity was -222.10%. The lowest was -2,204.99%. And the median was -2,204.99%.

ARAT's Return-on-Tangible-Equity is ranked worse than
94.38% of 2366 companies
in the Software industry
Industry Median: 8.14 vs ARAT: -222.10

Arax Holdings Return-on-Tangible-Equity Historical Data

The historical data trend for Arax Holdings'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.

* Premium members only.

Arax Holdings Return-on-Tangible-Equity Chart

Arax Holdings Annual Data
Trend Oct12 Oct13 Oct14 Oct15 Oct16 Oct20 Oct21 Oct22 Oct23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only - - - - -2,204.99

Arax Holdings Quarterly Data
Apr16 Jul16 Oct16 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -12.29 -42.14 -573.53 11.59

Competitive Comparison of Arax Holdings's Return-on-Tangible-Equity

For the Software - Infrastructure subindustry, Arax Holdings'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.


Arax Holdings's Return-on-Tangible-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Arax Holdings's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Arax Holdings's Return-on-Tangible-Equity falls into.



Arax Holdings Return-on-Tangible-Equity Calculation

Arax Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Oct. 2023 )  (A: Oct. 2022 )(A: Oct. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Oct. 2023 )  (A: Oct. 2022 )(A: Oct. 2023 )
=-18.544/( (-0.175+1.857 )/ 2 )
=-18.544/0.841
=-2,204.99 %

Arax Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jan. 2024 )  (Q: Oct. 2023 )(Q: Jan. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jan. 2024 )  (Q: Oct. 2023 )(Q: Jan. 2024 )
=0.144/( (1.857+0.628)/ 2 )
=0.144/1.2425
=11.59 %

* 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 (Jan. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Arax Holdings  (OTCPK:ARAT) 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.


Arax Holdings Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Arax Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Arax Holdings (Arax Holdings) Business Description

Traded in Other Exchanges
N/A
Address
30 North Gould Street, Sheridan, WY, USA, 82801
Arax Holdings Corp invests in TechFin and blockchain-based software solutions companies. The primary focus of Arax is to fuse decentralized solutions with financial service providers within multiple markets and communication networks to bring blockchain to everyday life.

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