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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. Chart Industries's annualized net income for the quarter that ended in Dec. 2023 was $199 Mil. Chart Industries's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $-2,954 Mil. Therefore, Chart Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was Negative Tangible Equity%.
The historical rank and industry rank for Chart Industries's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Chart Industries's highest Return-on-Tangible-Equity was 573.21%. The lowest was -60.94%. And the median was 20.93%.
The historical data trend for Chart Industries'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.
Chart Industries Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | Negative Tangible Equity | 573.21 | 42.27 | 3.95 | Negative Tangible Equity |
Chart Industries Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -25.80 | - | Negative Tangible Equity | Negative Tangible Equity | Negative Tangible Equity |
For the Specialty Industrial Machinery subindustry, Chart Industries'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.
For the Industrial Products industry and Industrials sector, Chart Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Chart Industries's Return-on-Tangible-Equity falls into.
Chart Industries's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 47.3 | / | ( (1148.2 | + | -2912.2 ) | / 2 ) | |
= | 47.3 | / | -882 | ||||
= | Negative Tangible Equity % |
Chart Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 199.2 | / | ( (-2995.6 | + | -2912.2) | / 2 ) | |
= | 199.2 | / | -2953.9 | ||||
= | Negative Tangible Equity % |
* 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 (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Chart Industries (NYSE:GTLS) 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.
Thank you for viewing the detailed overview of Chart Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Linda S Harty | director | MEDTRONIC PLC, 710 MEDTRONIC PARKWAY NE, LC-150, MINNEAPOLIS MN 55432 |
Andrew R Cichocki | director | C/O CHART INDUSTRIES, INC., 2200 AIRPORT INDUSTRIAL DRIVE, SUITE 100, BALL GROUND GA 30107 |
Stephanie Winn Everett | officer: Chief Accounting Officer | 2200 AIRPORT INDUSTRIAL DRIVE SUITE 100, BALL GROUND GA 30107 |
Paul E Mahoney | director | C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381 |
Spencer S Stiles | director | 2825 AIRVIEW BLVD, KALAMAZOO MI 49002 |
Gerald F Vinci | officer: VP & Chief Human Resources Ofc | 3055 TORRINGTON DRIVE, BALL GROUND GA 30107 |
Jillian C. Evanko | officer: VP, CFO, CAO and Treasurer | 1 INFINITY CORPORATE CENTRE DRIVE, GARFIELD HEIGHTS OH 44125 |
Roger A Strauch | director | 125 GUILFORD ROAD, PIEDMONT CA 94611 |
David M. Sagehorn | director | 2307 OREGON STREET, PO BOX 2566, OSHKOSH WI 54903-2566 |
Brian Patrick Bostrom | officer: Chief Technology Officer | 2200 AIRPORT INDUSTRIAL DRIVE SUITE 100, BALL GROUND GA 30107 |
Joseph Robert Brinkman | officer: VP & Chief Financial Officer | 3055 TORRINGTON DRIVE, BALL GROUND GA 30107 |
Ducote Douglas A Jr. | officer: Chief Technology Officer | 3055 TORRINGTON DRIVE, BALL GROUND GA 30107 |
Paula Harris | director | 3055 TORRINGTON DRIVE, BALL GROUND GA 30107 |
Joseph A Belling | officer: Chief Commercial Officer | 3055 TORRINGTON DRIVE, BALL GROUND GA 30107 |
Robin M Catalano | officer: VP & Chief Accounting Officer | 3055 TORRINGTON DRIVE, BALL GROUND GA 30107 |
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