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. Elia Group/NV's annualized net income for the quarter that ended in Dec. 2023 was $389 Mil. Elia Group/NV's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $2,657 Mil. Therefore, Elia Group/NV's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 14.63%.
The historical rank and industry rank for Elia Group/NV's Return-on-Tangible-Equity or its related term are showing as below:
ELIAF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 14.04 Med: 23.49 Max: 34.27
Current: 14.05
During the past 13 years, Elia Group/NV's highest Return-on-Tangible-Equity was 34.27%. The lowest was 14.04%. And the median was 23.49%.
ELIAF's Return-on-Tangible-Equity is ranked better than 62.11% of 512
companies
in the Utilities - Regulated industry
Industry Median: 10.635
vs ELIAF: 14.05
Elia Group/NV Return-on-Tangible-Equity Historical Data
The historical data trend for Elia Group/NV'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 Elia Group/NV's Return-on-Tangible-Equity
For the Utilities - Regulated Electric subindustry, Elia Group/NV'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.
Elia Group/NV's Return-on-Tangible-Equity Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Elia Group/NV's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Elia Group/NV's Return-on-Tangible-Equity falls into.
* 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Elia Group/NV Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Elia Group/NV's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Elia Group/NV (Elia Group/NV) Business Description
Elia Group SA/NV is a utility company that owns and develops electric grids in Central Europe. Elia maintains and operates high-voltage equipment and infrastructure projects, such as power lines, cables, and transformers. The company primarily generates revenue by serving as the electricity transmission system operator in both Germany and Belgium where it provides electric grid usage. Elia's Belgian and German operations are responsible for nearly all of its revenue. These countries also house most of the company's infrastructure investments. In its capacity as an electricity transmitter, Elia System facilitates long-term, day-ahead, and intraday energy markets.
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