Hoganas AB (LTS:0GMD) Return-on-Tangible-Equity : 22.58% (As of Jun. 2013)

Hoganas AB Return-on-Tangible-Equity Chart

Hoganas AB Annual Data
	Trend	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
Return-on-Tangible-Equity		Get a 7-Day Free Trial					16.34	9.12	30.32	24.76	20.98

Hoganas AB Quarterly Data
	Dec07	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13
Return-on-Tangible-Equity	Get a 7-Day Free Trial															24.39	17.99	17.17	21.50	22.58

Competitive Comparison of Hoganas AB's Return-on-Tangible-Equity

For the Steel subindustry, Hoganas AB'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.

Hoganas AB's Return-on-Tangible-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hoganas AB's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Hoganas AB's Return-on-Tangible-Equity falls into.

Hoganas AB Return-on-Tangible-Equity Calculation

Hoganas AB's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2012 is calculated as

Hoganas AB's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2013 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 four times the quarterly (Jun. 2013) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Hoganas AB  (LTS:0GMD) 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.

Hoganas AB Return-on-Tangible-Equity Related Terms

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Hoganas AB (LTS:0GMD) Business Description