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. Iomart Group's annualized net income for the quarter that ended in Sep. 2023 was $8.5 Mil. Iomart Group's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $6.2 Mil. Therefore, Iomart Group's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 137.00%.
The historical rank and industry rank for Iomart Group's Return-on-Tangible-Equity or its related term are showing as below:
IMRTF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 51.46 Med: 201.44 Max: 503.5
Current: 135.31
During the past 13 years, Iomart Group's highest Return-on-Tangible-Equity was 503.50%. The lowest was 51.46%. And the median was 201.44%.
IMRTF's Return-on-Tangible-Equity is ranked better than 88.84% of 2383
companies
in the Software industry
Industry Median: 7.88
vs IMRTF: 135.31
Iomart Group Return-on-Tangible-Equity Historical Data
The historical data trend for Iomart Group'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 Iomart Group's Return-on-Tangible-Equity
For the Software - Infrastructure subindustry, Iomart Group'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.
Iomart Group's Return-on-Tangible-Equity Distribution in the Software Industry
For the Software industry and Technology sector, Iomart Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Iomart Group's Return-on-Tangible-Equity falls into.
Iomart Group Return-on-Tangible-Equity Calculation
Iomart Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 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 (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Iomart Group (OTCPK:IMRTF) 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.
Iomart Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Iomart Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Iomart Group PLC is engaged in the provision of managed cloud services. The company's reportable segment includes Easyspace and Cloud Services. The Cloud Services segment provides managed cloud computing facilities and services, through a network of owned data centers to the larger SME and corporate markets. The Easyspace segment provides a range of shared hosting and domain registration services to micro and SME companies. It generates maximum revenue from the Cloud Services segment. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in the Rest of the World.
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