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Evertz Technologies (FRA:74E) Return-on-Tangible-Equity : 16.02% (As of Jul. 2024)


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What is Evertz Technologies 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. Evertz Technologies's annualized net income for the quarter that ended in Jul. 2024 was €26.0 Mil. Evertz Technologies's average shareholder tangible equity for the quarter that ended in Jul. 2024 was €162.3 Mil. Therefore, Evertz Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Jul. 2024 was 16.02%.

The historical rank and industry rank for Evertz Technologies's Return-on-Tangible-Equity or its related term are showing as below:

FRA:74E' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.47   Med: 22.06   Max: 30.48
Current: 27.45

During the past 13 years, Evertz Technologies's highest Return-on-Tangible-Equity was 30.48%. The lowest was 15.47%. And the median was 22.06%.

FRA:74E's Return-on-Tangible-Equity is ranked better than
92.29% of 2349 companies
in the Hardware industry
Industry Median: 5.24 vs FRA:74E: 27.45

Evertz Technologies Return-on-Tangible-Equity Historical Data

The historical data trend for Evertz Technologies'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.

* Premium members only.

Evertz Technologies Return-on-Tangible-Equity Chart

Evertz Technologies Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.55 15.64 31.86 28.87 30.59

Evertz Technologies Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.44 39.16 31.76 22.98 16.02

Competitive Comparison of Evertz Technologies's Return-on-Tangible-Equity

For the Communication Equipment subindustry, Evertz Technologies'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.


Evertz Technologies's Return-on-Tangible-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Evertz Technologies's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Evertz Technologies's Return-on-Tangible-Equity falls into.



Evertz Technologies Return-on-Tangible-Equity Calculation

Evertz Technologies's annualized Return-on-Tangible-Equity for the fiscal year that ended in Apr. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Apr. 2024 )  (A: Apr. 2023 )(A: Apr. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Apr. 2024 )  (A: Apr. 2023 )(A: Apr. 2024 )
=47.827/( (148.556+164.137 )/ 2 )
=47.827/156.3465
=30.59 %

Evertz Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Jul. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jul. 2024 )  (Q: Apr. 2024 )(Q: Jul. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jul. 2024 )  (Q: Apr. 2024 )(Q: Jul. 2024 )
=26.004/( (164.137+160.505)/ 2 )
=26.004/162.321
=16.02 %

* 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 (Jul. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Evertz Technologies  (FRA:74E) 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.


Evertz Technologies Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Evertz Technologies's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Evertz Technologies Business Description

Traded in Other Exchanges
Address
5292 John Lucas Drive, Burlington, ON, CAN, L7L 5Z9
Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production, broadcast, and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments. More than half of the firm's revenue is generated in the United States.

Evertz Technologies Headlines

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