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. Diana Shipping's annualized net income for the quarter that ended in Sep. 2024 was €13.4 Mil. Diana Shipping's average shareholder tangible equity for the quarter that ended in Sep. 2024 was €455.4 Mil. Therefore, Diana Shipping's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was 2.94%.
The historical rank and industry rank for Diana Shipping's Return-on-Tangible-Equity or its related term are showing as below:
FRA:DSZ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -60.87 Med: -1.29 Max: 27.04
Current: 2.51
During the past 13 years, Diana Shipping's highest Return-on-Tangible-Equity was 27.04%. The lowest was -60.87%. And the median was -1.29%.
FRA:DSZ's Return-on-Tangible-Equity is ranked worse than 79.53% of 933
companies
in the Transportation industry
Industry Median: 10.32
vs FRA:DSZ: 2.51
Diana Shipping Return-on-Tangible-Equity Historical Data
The historical data trend for Diana Shipping'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 Diana Shipping's Return-on-Tangible-Equity
For the Marine Shipping subindustry, Diana Shipping'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.
Diana Shipping's Return-on-Tangible-Equity Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Diana Shipping's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Diana Shipping'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 (Sep. 2024) 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.
Diana Shipping Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Diana Shipping's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Diana Shipping Inc provides shipping transportation services. The company, through its subsidiaries, operates a fleet of vessels consisting of dry bulk carriers such as Panamax, Kamsarmax, Post-Panamax, Capesize and Newcastlemax vessels. Using this fleet, the firm provides transportation services for various goods including coal, iron ore, and grains. It also transports minor bulks, including steel products, cement, and fertilizers through its dry bulk carrier vessels. The operation of the vessels is the main source of revenue generation, the services provided by the vessels are similar and all operate under the same economic environment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRA:DSZ has been successfully added to your 