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Lagercrantz Group AB (LTS:0RB7) Return-on-Tangible-Equity : Negative Tangible Equity% (As of Sep. 2024)


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What is Lagercrantz Group AB 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. Lagercrantz Group AB's annualized net income for the quarter that ended in Sep. 2024 was kr896 Mil. Lagercrantz Group AB's average shareholder tangible equity for the quarter that ended in Sep. 2024 was kr-1,695 Mil. Therefore, Lagercrantz Group AB's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was Negative Tangible Equity%.

The historical rank and industry rank for Lagercrantz Group AB's Return-on-Tangible-Equity or its related term are showing as below:

LTS:0RB7' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0
Current: Negative Tangible Equity

LTS:0RB7's Return-on-Tangible-Equity is ranked better than
99.96% of 2340 companies
in the Hardware industry
Industry Median: 5.035 vs LTS:0RB7: Negative Tangible Equity

Lagercrantz Group AB Return-on-Tangible-Equity Historical Data

The historical data trend for Lagercrantz Group AB'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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Lagercrantz Group AB Return-on-Tangible-Equity Chart

Lagercrantz Group AB Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Lagercrantz Group AB Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Competitive Comparison of Lagercrantz Group AB's Return-on-Tangible-Equity

For the Electronic Components subindustry, Lagercrantz Group 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.


Lagercrantz Group AB's Return-on-Tangible-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lagercrantz Group AB's Return-on-Tangible-Equity distribution charts can be found below:

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



Lagercrantz Group AB Return-on-Tangible-Equity Calculation

Lagercrantz Group AB's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=877/( (-955+-1684 )/ 2 )
=877/-1319.5
=Negative Tangible Equity %

Lagercrantz Group AB's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=896/( (-1500+-1890)/ 2 )
=896/-1695
=Negative Tangible Equity %

* 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 (Sep. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Lagercrantz Group AB  (LTS:0RB7) 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.


Lagercrantz Group AB Return-on-Tangible-Equity Related Terms

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


Lagercrantz Group AB Business Description

Traded in Other Exchanges
Address
Vasagatan 11, 10th floor, Stockholm, SWE, SE-103 69
Lagercrantz Group AB is a Sweden-based company engaged in the provision of products and solutions in the electronics and communications industry. The business activity of the group is divided into segments namely the Electrify, Control, TecSec, Niche Products, and the International segment. Geographically, it operates in the regions of Sweden, Denmark, Norway, Finland, the UK, Germany, and other regions. The firm derives the majority of revenue through the Electrify segment which Offers products and solutions that meet the need for an increasingly electrified and connected society.

Lagercrantz Group AB Headlines

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