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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. Enterprise 4.0 Technology Acquisition's annualized net income for the quarter that ended in Mar. 2023 was $12.18 Mil. Enterprise 4.0 Technology Acquisition's average shareholder tangible equity for the quarter that ended in Mar. 2023 was $294.95 Mil. Therefore, Enterprise 4.0 Technology Acquisition's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2023 was 4.13%.
The historical rank and industry rank for Enterprise 4.0 Technology Acquisition's Return-on-Tangible-Equity or its related term are showing as below:
The historical data trend for Enterprise 4.0 Technology Acquisition'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.
Enterprise 4.0 Technology Acquisition Annual Data | |||||
Trend | Dec21 | Dec22 | |||
Return-on-Tangible-Equity | - | 1.28 |
Enterprise 4.0 Technology Acquisition Quarterly Data | ||||||||
Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -0.20 | 0.42 | 1.61 | 3.30 | 4.13 |
For the Shell Companies subindustry, Enterprise 4.0 Technology Acquisition'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 Diversified Financial Services industry and Financial Services sector, Enterprise 4.0 Technology Acquisition's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Enterprise 4.0 Technology Acquisition's Return-on-Tangible-Equity falls into.
Enterprise 4.0 Technology Acquisition's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | 3.737 | / | ( (289.693 | + | 293.431 ) | / 2 ) | |
= | 3.737 | / | 291.562 | ||||
= | 1.28 % |
Enterprise 4.0 Technology Acquisition's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2023 ) | (Q: Dec. 2022 ) | (Q: Mar. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2023 ) | (Q: Dec. 2022 ) | (Q: Mar. 2023 ) | |||||
= | 12.184 | / | ( (293.431 | + | 296.476) | / 2 ) | |
= | 12.184 | / | 294.9535 | ||||
= | 4.13 % |
* 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 (Mar. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Enterprise 4.0 Technology Acquisition (NAS:ENTF) 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 Enterprise 4.0 Technology Acquisition's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Sudhakar Ramakrishna | director | 4750 WILLOW RD., PLEASANTON CA 94588 |
Christopher B Paisley | director, officer: Chief Financial Officer | 14870 THREE OAKS COURT, SARATOGA CA 95070 |
Judith Sim | director | C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086 |
Eric Benhamou | director, officer: Chief Executive Officer | 350 CAMPUS DRIVE, MARLBOROUGH MA 01752 |
Ronald Sege | officer: Chief Operating Officer | 350 CAMPUS DRIVE, MARLBOROUGH MA 01752 |
Steven C. Fletcher | 10 percent owner | C/O LEE ENTERPRISES, INCORPORATED, 4600 EAST 53RD STREET, DAVENPORT IA 52807 |
Explorer Parent Llc | 10 percent owner | 533 AIRPORT BOULEVARD, SUITE 400, BURLINGAME CA 94012 |
Founder Holdings Llc | 10 percent owner | 533 AIRPORT BOULEVARD, SUITE 400, BURLINGAME CA 94012 |
Alex Serge Vieux | 10 percent owner | C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749 |
Kim Le | director | 1608 PALA RANCH CIRCLE, SAN JOSE CA 95133 |
Mona Sabet | director | 533 AIRPORT BLVD SUITE 400, BURLINGAME CA 94010 |
Yashwanth Hemaraj | officer: Chief Acquisition Officer | 533 AIRPORT BLVD SUITE 400, BURLINGAME CA 94010 |
Ent4.0 Technology Sponsor Llc | 10 percent owner | 533 AIRPORT BLVD SUITE 400, BURLINGAME CA 94010 |
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