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. DP Aircraft I's annualized net income for the quarter that ended in Dec. 2023 was $3.13 Mil. DP Aircraft I's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $41.45 Mil. Therefore, DP Aircraft I's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 7.56%.
The historical rank and industry rank for DP Aircraft I's Return-on-Tangible-Equity or its related term are showing as below:
LSE:DPA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -113.27 Med: 10.89 Max: 18.9
Current: -5.89
During the past 8 years, DP Aircraft I's highest Return-on-Tangible-Equity was 18.90%. The lowest was -113.27%. And the median was 10.89%.
LSE:DPA's Return-on-Tangible-Equity is ranked worse than 85.7% of 1000
companies
in the Business Services industry
Industry Median: 12.08
vs LSE:DPA: -5.89
DP Aircraft I Return-on-Tangible-Equity Historical Data
The historical data trend for DP Aircraft I'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 DP Aircraft I's Return-on-Tangible-Equity
For the Rental & Leasing Services subindustry, DP Aircraft I'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.
DP Aircraft I's Return-on-Tangible-Equity Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, DP Aircraft I's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where DP Aircraft I's Return-on-Tangible-Equity falls into.
DP Aircraft I Return-on-Tangible-Equity Calculation
DP Aircraft I's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
DP Aircraft I (LSE:DPA) 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.
DP Aircraft I Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of DP Aircraft I's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
DP Aircraft I Ltd is a holding company and makes its investment in aircraft through wholly-owned subsidiary entities. The company's principal activity is to purchase, lease, and then sell Boeing 787-8s Aircraft (the Assets). The investment objective of the group is to obtain income and capital returns for the company's shareholders by acquiring, leasing and then, when the Board considers it appropriate, selling the Assets. The group is engaged in a single segment of the business, being acquiring, leasing, and subsequent selling of Aircraft. It earns revenue majorly from its lease rental business.
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