What is Globetronics Technology Bhd 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. Globetronics Technology Bhd's annualized net income for the quarter that ended in Mar. 2024 was $4.86 Mil. Globetronics Technology Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $65.27 Mil. Therefore, Globetronics Technology Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 7.44%.
The historical rank and industry rank for Globetronics Technology Bhd's Return-on-Tangible-Equity or its related term are showing as below:
GBTKF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.68 Med: 17.41 Max: 24.41
Current: 9.59
During the past 13 years, Globetronics Technology Bhd's highest Return-on-Tangible-Equity was 24.41%. The lowest was 8.68%. And the median was 17.41%.
GBTKF's Return-on-Tangible-Equity is ranked better than 65.52% of 960
companies
in the Semiconductors industry
Industry Median: 5.21
vs GBTKF: 9.59
Globetronics Technology Bhd Return-on-Tangible-Equity Historical Data
* 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.
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Globetronics Technology Bhd Return-on-Tangible-Equity Chart
Competitive Comparison of Globetronics Technology Bhd's Return-on-Tangible-Equity
For the Semiconductors subindustry, Globetronics Technology Bhd'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.
Globetronics Technology Bhd's Return-on-Tangible-Equity Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Globetronics Technology Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Globetronics Technology Bhd's Return-on-Tangible-Equity falls into.
Globetronics Technology Bhd Return-on-Tangible-Equity Calculation
Globetronics Technology Bhd'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 four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Globetronics Technology Bhd (OTCPK:GBTKF) 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.
Globetronics Technology Bhd Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Globetronics Technology Bhd's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Globetronics Technology Bhd (Globetronics Technology Bhd) Business Description
Globetronics Technology Bhd develops and manufactures integrated circuits, light-emitting diode components, encoders and sensors, quartz crystal products, timing devices, and related products. Sensors are the leading revenue contributor for the company. Globetronics builds its sensors and encoders for a variety of automation and industrial applications. Sales volume is also significantly dependent on revenue generated from quartz crystal and timing devices. These devices are used in a multitude of electronic products, such as mobile devices, GPS, and PCs. Sales are primarily in Malaysia, Singapore and United States markets.
Globetronics Technology Bhd (Globetronics Technology Bhd) Headlines
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