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. Chemring Group's annualized net income for the quarter that ended in Apr. 2024 was $41.1 Mil. Chemring Group's average shareholder tangible equity for the quarter that ended in Apr. 2024 was $293.9 Mil. Therefore, Chemring Group's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2024 was 13.97%.
The historical rank and industry rank for Chemring Group's Return-on-Tangible-Equity or its related term are showing as below:
CMGMY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -100.92 Med: 6.91 Max: 22.15
Current: 1.3
During the past 13 years, Chemring Group's highest Return-on-Tangible-Equity was 22.15%. The lowest was -100.92%. And the median was 6.91%.
CMGMY's Return-on-Tangible-Equity is ranked worse than 70.14% of 288
companies
in the Aerospace & Defense industry
Industry Median: 8.005
vs CMGMY: 1.30
Chemring Group Return-on-Tangible-Equity Historical Data
The historical data trend for Chemring Group'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 Chemring Group's Return-on-Tangible-Equity
For the Aerospace & Defense subindustry, Chemring Group'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.
Chemring Group's Return-on-Tangible-Equity Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Chemring Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Chemring Group's Return-on-Tangible-Equity falls into.
Chemring Group Return-on-Tangible-Equity Calculation
Chemring Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2023 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 (Apr. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Chemring Group (OTCPK:CMGMY) 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.
Chemring Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Chemring Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Chemring Group (Chemring Group) Business Description
Chemring Group PLC is a defense technology company. The company's operating segment includes Sensors and Information; it is engaged in the development and manufacturing of electronic countermeasures, chemical and biological threat detection equipment, and explosive hazard detection (EHD) equipment. and Countermeasures and Energetics segment is engaged in the development and manufacturing of expendable countermeasures for air and sea platforms, cartridge/propellant actuated devices, pyrotechnic devices for satellite launch and deployment, missile components, propellants, separation sub-systems, actuators, and energetic materials. It generates maximum revenue from the Countermeasures and Energetics segment. Geographically, the majority of the revenue for the company is generated from UK.
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