GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hawaiian Electric Co Inc (OTCPK:HAWEM.PFD) » Definitions » Return-on-Tangible-Equity

HAWEM.PFD (Hawaiian Electric Co) Return-on-Tangible-Equity : -27.69% (As of Sep. 2024)


View and export this data going back to . Start your Free Trial

What is Hawaiian Electric Co 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. Hawaiian Electric Co's annualized net income for the quarter that ended in Sep. 2024 was $-328.35 Mil. Hawaiian Electric Co's average shareholder tangible equity for the quarter that ended in Sep. 2024 was $1,185.84 Mil. Therefore, Hawaiian Electric Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was -27.69%.

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

HAWEM.PFD's Return-on-Tangible-Equity is not ranked *
in the Utilities - Regulated industry.
Industry Median: 10.495
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Hawaiian Electric Co Return-on-Tangible-Equity Historical Data

The historical data trend for Hawaiian Electric Co'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.

Hawaiian Electric Co Return-on-Tangible-Equity Chart

Hawaiian Electric Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.80 8.05 8.03 8.17 8.13

Hawaiian Electric Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.29 9.66 6.47 -265.94 -27.69

Competitive Comparison of Hawaiian Electric Co's Return-on-Tangible-Equity

For the Utilities - Regulated Electric subindustry, Hawaiian Electric Co'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.


Hawaiian Electric Co's Return-on-Tangible-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Hawaiian Electric Co's Return-on-Tangible-Equity falls into.



Hawaiian Electric Co Return-on-Tangible-Equity Calculation

Hawaiian Electric Co'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 )
=195.947/( (2378.463+2443.403 )/ 2 )
=195.947/2410.933
=8.13 %

Hawaiian Electric Co's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=-328.348/( (1227.135+1144.552)/ 2 )
=-328.348/1185.8435
=-27.69 %

* 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.


Hawaiian Electric Co  (OTCPK:HAWEM.PFD) 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.


Hawaiian Electric Co Return-on-Tangible-Equity Related Terms

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


Hawaiian Electric Co Business Description

Address
1099 Alakea Street, Suite 2200, Honolulu, HI, USA, 96813
Hawaiian Electric Co Inc operates in the electric utility division. The business activity of the group includes producing, purchasing, distributing and selling of electricity on the islands of Oahu; Hawaii and Maui, Lanai and Molokai. It serves various suburban communities, resorts, U.S. Armed Forces installations, and agricultural operations.

Hawaiian Electric Co Headlines

No Headlines