What is PT Arkora Hydro Tbk 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. PT Arkora Hydro Tbk's annualized net income for the quarter that ended in Mar. 2024 was Rp61,111 Mil. PT Arkora Hydro Tbk's average shareholder tangible equity for the quarter that ended in Mar. 2024 was Rp396,738 Mil. Therefore, PT Arkora Hydro Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 15.40%.
The historical rank and industry rank for PT Arkora Hydro Tbk's Return-on-Tangible-Equity or its related term are showing as below:
ISX:ARKO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -17.33 Med: 12.08 Max: 35.01
Current: 6.79
During the past 6 years, PT Arkora Hydro Tbk's highest Return-on-Tangible-Equity was 35.01%. The lowest was -17.33%. And the median was 12.08%.
ISX:ARKO's Return-on-Tangible-Equity is ranked worse than 51.42% of 422
companies
in the Utilities - Independent Power Producers industry
Industry Median: 7.115
vs ISX:ARKO: 6.79
PT Arkora Hydro Tbk Return-on-Tangible-Equity Historical Data
The historical data trend for PT Arkora Hydro Tbk'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 PT Arkora Hydro Tbk's Return-on-Tangible-Equity
For the Utilities - Renewable subindustry, PT Arkora Hydro Tbk'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.
PT Arkora Hydro Tbk's Return-on-Tangible-Equity Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, PT Arkora Hydro Tbk's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PT Arkora Hydro Tbk's Return-on-Tangible-Equity falls into.
* 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.
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.
PT Arkora Hydro Tbk Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of PT Arkora Hydro Tbk's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
PT Arkora Hydro Tbk (ISX:ARKO) Business Description
PT Arkora Hydro Tbk is dedicated to the development and operation of hydropower plants in Indonesia. It owns and develops hydropower plant facilities that operate in a run-of-river fashion throughout Indonesia. The run-of-river hydropower plant is the type of power plant whereby little or no water storage is needed. Several projects of the company are: Cikopo MHPP; Tomasa MHPP; Yaentu MHPP and Kukusan 2 MHPP. The Company consists of three reportable segments: the 7.4 MW mini hydro powerplant in Cikopo (West Java), the 10 MW mini hydro power plant in Tomasa (Sulawesi Tengah), and the 10 MW mini hydro power plant in Yaentu (Central Sulawesi).
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