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. Sulzer AG's annualized net income for the quarter that ended in Dec. 2023 was €266 Mil. Sulzer AG's average shareholder tangible equity for the quarter that ended in Dec. 2023 was €171 Mil. Therefore, Sulzer AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 155.63%.
The historical rank and industry rank for Sulzer AG's Return-on-Tangible-Equity or its related term are showing as below:
FRA:SUL1'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.4 Med: 28.26 Max: 865.42
Current: 157.31
During the past 13 years, Sulzer AG's highest Return-on-Tangible-Equity was 865.42%. The lowest was 5.40%. And the median was 28.26%.
FRA:SUL1's Return-on-Tangible-Equity is ranked better than 96.44% of 2922
companies
in the Industrial Products industry
Industry Median: 7.56
vs FRA:SUL1: 157.31
Sulzer AG Return-on-Tangible-Equity Historical Data
The historical data trend for Sulzer AG'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 Sulzer AG's Return-on-Tangible-Equity
For the Specialty Industrial Machinery subindustry, Sulzer AG'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.
Sulzer AG's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Sulzer AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sulzer AG's Return-on-Tangible-Equity falls into.
Sulzer AG Return-on-Tangible-Equity Calculation
Sulzer AG's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 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 two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Sulzer AG (FRA:SUL1) 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.
Sulzer AG Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Sulzer AG's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Sulzer AG specializes in pumping solutions, rotating equipment maintenance, and mixing technology. It serves customers operating in the oil and gas, power, and water markets. Pumping solutions focus on transporting and processing oil and derivatives, treating water, and renewable power generation. In addition, the company offers solutions for turbines, compressors, motors, and other rotating components and has technicians to provide maintenance. Sulzer's business segments include Flow Equipment, Services, Chemtech, and Others which primarily serve across the globe. While most of its revenues are generated from its Flow equipment and Services segment.
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