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ME Group International (CHIX:MEGPL) Return-on-Tangible-Equity : 42.87% (As of Oct. 2024)


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What is ME Group International 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. ME Group International's annualized net income for the quarter that ended in Oct. 2024 was £62.9 Mil. ME Group International's average shareholder tangible equity for the quarter that ended in Oct. 2024 was £146.8 Mil. Therefore, ME Group International's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2024 was 42.87%.

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

CHIX:MEGPl' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.44   Med: 33.16   Max: 46.4
Current: 39.02

During the past 13 years, ME Group International's highest Return-on-Tangible-Equity was 46.40%. The lowest was 1.44%. And the median was 33.16%.

CHIX:MEGPl's Return-on-Tangible-Equity is ranked better than
94.23% of 2928 companies
in the Industrial Products industry
Industry Median: 6.69 vs CHIX:MEGPl: 39.02

ME Group International Return-on-Tangible-Equity Historical Data

The historical data trend for ME Group International'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.

ME Group International Return-on-Tangible-Equity Chart

ME Group International Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Oct21 Oct22 Oct23 Oct24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.44 27.66 41.10 46.40 39.09

ME Group International Semi-Annual Data
Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
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 43.42 39.03 51.51 34.63 42.87

Competitive Comparison of ME Group International's Return-on-Tangible-Equity

For the Business Equipment & Supplies subindustry, ME Group International'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.


ME Group International's Return-on-Tangible-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ME Group International's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where ME Group International's Return-on-Tangible-Equity falls into.


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ME Group International Return-on-Tangible-Equity Calculation

ME Group International's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Oct. 2024 )  (A: Oct. 2023 )(A: Oct. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Oct. 2024 )  (A: Oct. 2023 )(A: Oct. 2024 )
=54.09/( (122.278+154.503 )/ 2 )
=54.09/138.3905
=39.09 %

ME Group International's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Oct. 2024 )  (Q: Apr. 2024 )(Q: Oct. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Oct. 2024 )  (Q: Apr. 2024 )(Q: Oct. 2024 )
=62.93/( (139.078+154.503)/ 2 )
=62.93/146.7905
=42.87 %

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


ME Group International  (CHIX:MEGPl) 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.


ME Group International Return-on-Tangible-Equity Related Terms

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


ME Group International Business Description

Traded in Other Exchanges
Address
Blenheim Road, Unit 3B, Epsom, London, Surrey, GBR, KT19 9AP
ME Group International PLC operates, sells and services a wide range of instant-service vending equipment, aimed at the consumer market. The group operates vending units across 20 countries and its technological innovation is focused on four principal areas namely Photobooths and integrated biometric identification solutions; Unattended laundry services and launderettes; High-quality digital printigg kiosks and Vending equipment for the food service market. Geographically, the company reports its segments and operates in UK & Republic of Ireland, Asia Pacific and Continental Europe, which is the majority revenue generator.

ME Group International Headlines

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