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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. CPI Aerostructures's annualized net income for the quarter that ended in Dec. 2024 was $3.88 Mil. CPI Aerostructures's average shareholder tangible equity for the quarter that ended in Dec. 2024 was $23.65 Mil. Therefore, CPI Aerostructures's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was 16.42%.
The historical rank and industry rank for CPI Aerostructures's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, CPI Aerostructures's highest Return-on-Tangible-Equity was 151.48%. The lowest was -21.45%. And the median was 7.77%.
The historical data trend for CPI Aerostructures'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.
CPI Aerostructures Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial |
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- | Negative Tangible Equity | Negative Tangible Equity | 151.48 | 14.84 |
CPI Aerostructures Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial |
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457.41 | 3.27 | 26.18 | 13.19 | 16.42 |
For the Aerospace & Defense subindustry, CPI Aerostructures'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 Aerospace & Defense industry and Industrials sector, CPI Aerostructures's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CPI Aerostructures's Return-on-Tangible-Equity falls into.
CPI Aerostructures's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2024 ) | (A: Dec. 2023 ) | (A: Dec. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2024 ) | (A: Dec. 2023 ) | (A: Dec. 2024 ) | |||||
= | 3.299 | / | ( (20.298 | + | 24.149 ) | / 2 ) | |
= | 3.299 | / | 22.2235 | ||||
= | 14.84 % |
CPI Aerostructures's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Dec. 2024 ) | (Q: Sep. 2024 ) | (Q: Dec. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2024 ) | (Q: Sep. 2024 ) | (Q: Dec. 2024 ) | |||||
= | 3.884 | / | ( (23.155 | + | 24.149) | / 2 ) | |
= | 3.884 | / | 23.652 | ||||
= | 16.42 % |
* 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. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
CPI Aerostructures (AMEX:CVU) 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 CPI Aerostructures's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard C Rosenjack | director | C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312 |
Pamela Levesque | director | 91 HEARTLAND BOULEVARD, EDGEWOOD NY 11717 |
Richard S Caswell | director | C/O CPI AEROSTRUCTURES, INC., 91 HEARTLAND BOULEVARD, EDGEWOOD NY 11717 |
Bond E Carey | director | 3210 CYPRESS MARSH DRIVE, FORT MYERS FL 33905 |
Paul Packer | 10 percent owner | C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004 |
Terry Dean Stinson | director | C/O LENNOX INTERNATIONAL INC., 2140 LAKE PARK BOULEVARD, RICHARDSON TX 75080-2254 |
Dorith Hakim | director, officer: CEO and President | C/O GRAUBARD MILLER, 405 LEXINGTON AVENUE - 11TH FLOOR, NEW YORK NY 10174 |
Eric Rosenfeld | director | 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017 |
Walter Paulick | director | 30 TERRY PL, RIVERHEAD NY 11901 |
Michael Faber | director | 701 PENNSYLVANIA AVENUE NW, SUITE 900, WASHINGTON DC DC 20004 |
Andrew L Davis | officer: Chief Financial Officer | C/O EMERSON RADIO CORP., 3 UNIVERSITY PLAZA, SUITE 405, HACKENSACK NJ 07601 |
Thomas E Powers | officer: Acting Chief Financial Officer | C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312 |
Dan Azmon | officer: Chief Financial Officer | 600 THIRD AVENUE, NEW YORK NY 10016 |
Janet Katherine Cooper | director | 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420 |
Awm Investment Company, Inc. | 10 percent owner | 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022 |
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