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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. AltiGen Communications's annualized net income for the quarter that ended in Dec. 2023 was $-1.38 Mil. AltiGen Communications's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $5.70 Mil. Therefore, AltiGen Communications's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -24.30%.
The historical rank and industry rank for AltiGen Communications's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, AltiGen Communications's highest Return-on-Tangible-Equity was 160.98%. The lowest was -243.50%. And the median was 4.07%.
The historical data trend for AltiGen Communications'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.
AltiGen Communications Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 17.04 | 12.12 | -3.99 | -6.77 | -47.18 |
AltiGen Communications Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Sep23 | Dec23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -37.14 | -9.13 | -6.89 | - | -24.30 |
For the Telecom Services subindustry, AltiGen Communications'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.
For the Telecommunication Services industry and Communication Services sector, AltiGen Communications's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where AltiGen Communications's Return-on-Tangible-Equity falls into.
AltiGen Communications's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Sep. 2023 ) | (A: Sep. 2022 ) | (A: Sep. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Sep. 2023 ) | (A: Sep. 2022 ) | (A: Sep. 2023 ) | |||||
= | -3.324 | / | ( (8.262 | + | 5.83 ) | / 2 ) | |
= | -3.324 | / | 7.046 | ||||
= | -47.18 % |
AltiGen Communications'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: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -1.384 | / | ( (5.83 | + | 5.56) | / 2 ) | |
= | -1.384 | / | 5.695 | ||||
= | -24.30 % |
* 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 (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
AltiGen Communications (OTCPK:ATGN) 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.
Thank you for viewing the detailed overview of AltiGen Communications's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeremiah Fleming | officer: President & COO | 4555 CUSHING PARKWAY, FREMONT CA 94538 |
Miller Lloyd I Iii | 10 percent owner | |
Gilbert Hu | director, officer: Chief Executive Officer | |
Wanger Long Term Opportunity Fund Ii, Lp | 10 percent owner | 401 N. MICHIGAN AVE., SUITE 1301, CHICAGO IL 60611 |
Alan B Howe | director | 1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081 |
Alan Bradley Howe | director | 1301 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019 |
Wltof Gp Llc | 10 percent owner | 401 N. MICHIGAN AVE., SUITE 1301, CHICAGO IL 60611 |
Philip M Mcdermott | officer: Chief Financial Officer | |
Wanger Investment Mangagement, Llc | director | 401 N. MICHIGAN AVE., SUITE 1301, CHICAGO IL 60611 |
Eric Wanger | director | 401 N. MICHIGAN AVE., SUITE 1301, CHICAGO IL 60611 |
Michael E Plumer | officer: VP of Sales | 213 RYDER STREET, SAN MATEO CA 94401 |
Tsai Mike Mon Yen | director | 28620 MATADERO CREEK COURT, LOS ALTOS CA 94022 |
Tacheng Wang | director | 27101 HORSESHOE LANE, LOS ALTOS HILLS CA 94022 |
Kenneth Tai | director | C/O ALTIGEN COMMUNICATIONS INC, 47429 FREMONT BLVD, FREMONT CA 94538 |
Sun Shirley Tsyr Yi | officer: VP of Research & Development |
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