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. Energy Action's annualized net income for the quarter that ended in Jun. 2024 was A$0.31 Mil. Energy Action's average shareholder tangible equity for the quarter that ended in Jun. 2024 was A$0.49 Mil. Therefore, Energy Action's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was 63.50%.
The historical rank and industry rank for Energy Action's Return-on-Tangible-Equity or its related term are showing as below:
ASX:EAX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1087.5 Med: -74.05 Max: 607.27
Current: 607.27
During the past 13 years, Energy Action's highest Return-on-Tangible-Equity was 607.27%. The lowest was -1,087.50%. And the median was -74.05%.
ASX:EAX's Return-on-Tangible-Equity is ranked better than 88.71% of 1001
companies
in the Business Services industry
Industry Median: 11.63
vs ASX:EAX: 607.27
Energy Action Return-on-Tangible-Equity Historical Data
The historical data trend for Energy Action'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 Energy Action's Return-on-Tangible-Equity
For the Specialty Business Services subindustry, Energy Action'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.
Energy Action's Return-on-Tangible-Equity Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Energy Action's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Energy Action's Return-on-Tangible-Equity falls into.
Energy Action Return-on-Tangible-Equity Calculation
Energy Action's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2024 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 (Jun. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Energy Action (ASX:EAX) 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.
Energy Action Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Energy Action's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Energy Action Ltd is engaged in providing integrated energy management services to a diverse base of commercial, industrial and small and medium-sized business customers. It offers electricity and gas procurement services in Australia. The company's core services include Procurement; Managed Services; Retail Services and Other. The company has one operating segment, which provides electricity and gas procurement services, energy management, and retail billing services in Australia. The company provides various services such as Energy Buying, Energy Management, Embedded Networks. It derives a majority of its revenues from Energy Management.
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