What is MTI Wireless Edge 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. MTI Wireless Edge's annualized net income for the quarter that ended in Mar. 2024 was £2.93 Mil. MTI Wireless Edge's average shareholder tangible equity for the quarter that ended in Mar. 2024 was £19.56 Mil. Therefore, MTI Wireless Edge's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 14.99%.
The historical rank and industry rank for MTI Wireless Edge's Return-on-Tangible-Equity or its related term are showing as below:
LSE:MWE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.46 Med: 13.09 Max: 16.72
Current: 7.46
During the past 13 years, MTI Wireless Edge's highest Return-on-Tangible-Equity was 16.72%. The lowest was 1.46%. And the median was 13.09%.
LSE:MWE's Return-on-Tangible-Equity is ranked better than 57.15% of 2362
companies
in the Hardware industry
Industry Median: 5.345
vs LSE:MWE: 7.46
MTI Wireless Edge Return-on-Tangible-Equity Historical Data
The historical data trend for MTI Wireless Edge'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 MTI Wireless Edge's Return-on-Tangible-Equity
For the Communication Equipment subindustry, MTI Wireless Edge'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.
MTI Wireless Edge's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, MTI Wireless Edge's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where MTI Wireless Edge'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.
MTI Wireless Edge Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of MTI Wireless Edge's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
MTI Wireless Edge Ltd is an Israel-based company engaged in three segments; the antennas segment includes the development, design, manufacture, and marketing of antennas for the military and civilian sectors, Water solutions segment is a provider of remote control solutions for water and irrigation applications based on Motorola's IRRInet state of the art control, monitoring and communication technologies, and Distribution and Consultation segment provides consulting representation, and marketing services to foreign companies in the field of RF (radio frequency) and Microwave, including engineering services in the field of aerostat systems and system engineering services, and development, manufacture, and integration of communication systems and monitoring and control systems.
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