What is eWellness Healthcare Return-on-Tangible-Equity?
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. eWellness Healthcare's annualized net income for the quarter that ended in Mar. 2022 was $-6.78 Mil. eWellness Healthcare's average shareholder tangible equity for the quarter that ended in Mar. 2022 was $-5.21 Mil. Therefore, eWellness Healthcare's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2022 was N/A%.
The historical rank and industry rank for eWellness Healthcare's Return-on-Tangible-Equity or its related term are showing as below:
EWLL's Return-on-Tangible-Equity is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 10.47 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
eWellness Healthcare Return-on-Tangible-Equity Historical Data
The historical data trend for eWellness Healthcare'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 eWellness Healthcare's Return-on-Tangible-Equity
For the Health Information Services subindustry, eWellness Healthcare'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.
eWellness Healthcare's Return-on-Tangible-Equity Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, eWellness Healthcare's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where eWellness Healthcare'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 four times the quarterly (Mar. 2022) 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.
eWellness Healthcare Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of eWellness Healthcare's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
eWellness Healthcare (eWellness Healthcare) Business Description
eWellness Healthcare Corp is engaged in licensing its PHZIO physical therapy treatment platform to physical therapy clinics in the United States. The company provides Distance Monitored Physical Therapy (PHZIO) Programs to pre-diabetic, cardiac and health-challenged patients and knee and hip surgery rehabilitation. Its platform includes a treatment program for multiple physical therapy treatment plans including patient rehabilitation for total knee, hip and shoulder surgeries, lower and upper back ailments and other physical therapy treatments.
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