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. Enviva's annualized net income for the quarter that ended in Sep. 2023 was $-341 Mil. Enviva's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $244 Mil. Therefore, Enviva's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was -139.64%.
The historical rank and industry rank for Enviva's Return-on-Tangible-Equity or its related term are showing as below:
EVA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1036.21 Med: -2.32 Max: 27.34
Current: -150.15
During the past 11 years, Enviva's highest Return-on-Tangible-Equity was 27.34%. The lowest was -1,036.21%. And the median was -2.32%.
EVA's Return-on-Tangible-Equity is ranked worse than 99.65% of 288
companies
in the Forest Products industry
Industry Median: 4.345
vs EVA: -150.15
Enviva Return-on-Tangible-Equity Historical Data
The historical data trend for Enviva'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 Enviva's Return-on-Tangible-Equity
For the Lumber & Wood Production subindustry, Enviva'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.
Enviva's Return-on-Tangible-Equity Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Enviva's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Enviva's Return-on-Tangible-Equity falls into.
Enviva Return-on-Tangible-Equity Calculation
Enviva's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 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 four times the quarterly (Sep. 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.
Enviva Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Enviva's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Enviva Inc develop, construct, acquire, and own and operate, fully contracted wood pellet production plants where the company aggregate a natural resource, wood fiber, and process it into dry, densified, uniform pellets that can be effectively stored and transported around the world. The company sells term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, who use pellets to displace coal and other fossil fuels to generate power and heat as part of their efforts to accelerate the energy transition away from conventional energy sources. The company derive a majority of revenues from customers in Europe.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
EVA has been successfully added to your 