We Buy Cars Holding (JSE:WBC) Return-on-Tangible-Equity : 0.00% (As of . 20)

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What is We Buy Cars Holding 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. We Buy Cars Holding's annualized net income for the quarter that ended in . 20 was R Mil. We Buy Cars Holding's average shareholder tangible equity for the quarter that ended in . 20 was R Mil. Therefore, We Buy Cars Holding's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 was %.

The historical rank and industry rank for We Buy Cars Holding's Return-on-Tangible-Equity or its related term are showing as below:

During the past 2 years, We Buy Cars Holding's highest Return-on-Tangible-Equity was 32.15%. The lowest was 0.00%. And the median was 32.15%.

JSE:WBC's Return-on-Tangible-Equity is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 8.715
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

We Buy Cars Holding Return-on-Tangible-Equity Historical Data

The historical data trend for We Buy Cars Holding'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.

We Buy Cars Holding Return-on-Tangible-Equity Chart

We Buy Cars Holding Annual Data

Trend

Mar21

Sep23

Return-on-Tangible-Equity

32.15

We Buy Cars Holding Quarterly Data
	Sep23
Return-on-Tangible-Equity	-

Competitive Comparison of We Buy Cars Holding's Return-on-Tangible-Equity

For the Auto & Truck Dealerships subindustry, We Buy Cars Holding'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.

We Buy Cars Holding's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, We Buy Cars Holding's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where We Buy Cars Holding's Return-on-Tangible-Equity falls into.

We Buy Cars Holding Return-on-Tangible-Equity Calculation

We Buy Cars Holding's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Sep. 2023 )		(A: Mar. 2021 )		(A: Sep. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Sep. 2023 )		(A: Mar. 2021 )		(A: Sep. 2023 )
	=	351.536	/	( (336.527	+	1850.441 )	/ 2 )
	=	351.536	/	1093.484
	=	32.15 %

We Buy Cars Holding's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

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 (. 20) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

We Buy Cars Holding (JSE:WBC) 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.

We Buy Cars Holding Return-on-Tangible-Equity Related Terms

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