Environmental Clean Technologies (ASX:ECT) Return-on-Tangible-Equity : -137.80% (As of Dec. 2023)

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What is Environmental Clean 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. Environmental Clean Technologies's annualized net income for the quarter that ended in Dec. 2023 was A$-4.46 Mil. Environmental Clean Technologies's average shareholder tangible equity for the quarter that ended in Dec. 2023 was A$3.24 Mil. Therefore, Environmental Clean Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -137.80%.

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

ASX:ECT' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3162.69 Med: -161.35 Max: -87.2
Current: -113.71

During the past 13 years, Environmental Clean Technologies's highest Return-on-Tangible-Equity was -87.20%. The lowest was -3,162.69%. And the median was -161.35%.

ASX:ECT's Return-on-Tangible-Equity is ranked worse than
97.41% of 2933 companies
in the Industrial Products industry
Industry Median: 7.67 vs ASX:ECT: -113.71

Environmental Clean Technologies Return-on-Tangible-Equity Historical Data

The historical data trend for Environmental Clean 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.

* Premium members only.

Environmental Clean Technologies Return-on-Tangible-Equity Chart

Environmental Clean Technologies Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Return-on-Tangible-Equity

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-191.89

-130.80

-87.20

-112.49

Environmental Clean Technologies Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Return-on-Tangible-Equity	Get a 7-Day Free Trial															-143.06	-88.15	-88.68	-137.80	-91.00

Competitive Comparison of Environmental Clean Technologies's Return-on-Tangible-Equity

For the Pollution & Treatment Controls subindustry, Environmental Clean 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.

Environmental Clean Technologies's Return-on-Tangible-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Environmental Clean Technologies's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Environmental Clean Technologies's Return-on-Tangible-Equity falls into.

Environmental Clean Technologies Return-on-Tangible-Equity Calculation

Environmental Clean Technologies's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-4.417	/	( (6.851	+	3.28 )	/ 2 )
	=	-4.417	/	5.0655
	=	-87.20 %

Environmental Clean Technologies'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-4.462	/	( (3.28	+	3.196)	/ 2 )
	=	-4.462	/	3.238
	=	-137.80 %

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 (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Environmental Clean Technologies (ASX:ECT) 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.

Environmental Clean Technologies Return-on-Tangible-Equity Related Terms

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Environmental Clean Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Environmental Clean Technologies Ltd (ASX:ECT) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

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Address

209 Toorak Road, Suite 37, South Yarra, VIC, AUS, 3141

Website

https://www.ectltd.com.au

Environmental Clean Technologies Ltd is in the business of commercializing coal and iron-making technologies, which are capable of delivering both financial and environmental benefits. Its activities include the following processes: Coldry Process and Hydromor Process. The Coldry process is the company's first technology to be commercially viable as an economic method of dewatering brown coal to produce a black coal equivalent. Hydromor is a clean, low-emission, one-step process for producing high-grade primary iron using low-cost lignite to displace the need for coking coals as used in the incumbent blast furnace process.

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