What is TASK Group 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. TASK Group Holdings's annualized net income for the quarter that ended in Mar. 2024 was A$-8.16 Mil. TASK Group Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2024 was A$11.71 Mil. Therefore, TASK Group Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -69.66%.
The historical rank and industry rank for TASK Group Holdings's Return-on-Tangible-Equity or its related term are showing as below:
ASX:TSK'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5328.57 Med: -65.68 Max: 12.82
Current: -61.25
During the past 13 years, TASK Group Holdings's highest Return-on-Tangible-Equity was 12.82%. The lowest was -5,328.57%. And the median was -65.68%.
ASX:TSK's Return-on-Tangible-Equity is not ranked
in the Software industry.
Industry Median: 8.88
vs ASX:TSK: -61.25
TASK Group Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for TASK Group 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.
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TASK Group Holdings Return-on-Tangible-Equity Chart
Competitive Comparison of TASK Group Holdings's Return-on-Tangible-Equity
For the Software - Application subindustry, TASK Group 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.
TASK Group Holdings's Return-on-Tangible-Equity Distribution in the Software Industry
For the Software industry and Technology sector, TASK Group Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TASK Group Holdings's Return-on-Tangible-Equity falls into.
TASK Group Holdings Return-on-Tangible-Equity Calculation
TASK Group Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
TASK Group Holdings (ASX:TSK) 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.
TASK Group Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of TASK Group Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
TASK Group Holdings Ltd is a provider of technology solutions enabling its various hospitality clients to maximize their customer relationships in an increasingly digital world. TASK's end-to-end cloud-based platform helps clients to improve customer experiences across every transactional touchpoint, including digital customer-facing services, back-ofhouse and enterprise operations. The Group's ecosystem combines transaction services, personalisation, offer management and BI technology to help clients generate operational efficiencies, drive valuable data insights about their consumer base, activate new promotions and build brand loyalty.
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