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SRT Marine Systems (LSE:SRT) Return-on-Tangible-Equity : 0.00% (As of Sep. 2023)


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What is SRT Marine Systems 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. SRT Marine Systems's annualized net income for the quarter that ended in Sep. 2023 was £-9.24 Mil. SRT Marine Systems's average shareholder tangible equity for the quarter that ended in Sep. 2023 was £-1.77 Mil. Therefore, SRT Marine Systems's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was N/A%.

The historical rank and industry rank for SRT Marine Systems's Return-on-Tangible-Equity or its related term are showing as below:

LSE:SRT' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -406.12   Med: -26.22   Max: 40.68
Current: Negative Tangible Equity

During the past 13 years, SRT Marine Systems's highest Return-on-Tangible-Equity was 40.68%. The lowest was -406.12%. And the median was -26.22%.

LSE:SRT's Return-on-Tangible-Equity is ranked better than
99.96% of 2358 companies
in the Hardware industry
Industry Median: 5.38 vs LSE:SRT: Negative Tangible Equity

SRT Marine Systems Return-on-Tangible-Equity Historical Data

The historical data trend for SRT Marine Systems'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.

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SRT Marine Systems Return-on-Tangible-Equity Chart

SRT Marine Systems Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.68 -63.33 -122.18 -406.12 Negative Tangible Equity

SRT Marine Systems Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -759.22 - 483.05 - -

Competitive Comparison of SRT Marine Systems's Return-on-Tangible-Equity

For the Scientific & Technical Instruments subindustry, SRT Marine Systems'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.


SRT Marine Systems's Return-on-Tangible-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, SRT Marine Systems's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where SRT Marine Systems's Return-on-Tangible-Equity falls into.



SRT Marine Systems Return-on-Tangible-Equity Calculation

SRT Marine Systems's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=0.07/( (0.425+-1.449 )/ 2 )
=0.07/-0.512
=Negative Tangible Equity %

SRT Marine Systems's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2023 )  (Q: Mar. 2023 )(Q: Sep. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Mar. 2023 )(Q: Sep. 2023 )
=-9.238/( (-1.449+-2.097)/ 2 )
=-9.238/-1.773
=N/A %

* 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.


SRT Marine Systems  (LSE:SRT) 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.


SRT Marine Systems Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of SRT Marine Systems's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


SRT Marine Systems (LSE:SRT) Business Description

Traded in Other Exchanges
Address
Wireless House, Midsomer Norton, Westfield Industrial Estate, Bath, GBR, BA3 4BS
SRT Marine Systems PLC develops and delivers advanced maritime domain awareness technologies, products, and systems, with expertise in Automatic Identification Systems. The company's major customers are system integrators, marine electronics companies, individual vessel operators, port owners and operators, and national authorities. The company currently operates in the following geographical markets: Europe, Middle East, North America, the United Kingdom, and others. The company has developed three core system products, VTS (ports, waterways, and infrastructure), VMS (Fisheries monitoring and management) and MDM (Coastal Surveillance) systems. Its largest end market by revenue is in the Middle East.