What is Green Energy Technology 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. Green Energy Technology's annualized net income for the quarter that ended in Jun. 2019 was $0.0 Mil. Green Energy Technology's average shareholder tangible equity for the quarter that ended in Jun. 2019 was $-158.8 Mil. Therefore, Green Energy Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2019 was N/A%.
The historical rank and industry rank for Green Energy Technology's Return-on-Tangible-Equity or its related term are showing as below:
LUX:GE144's Return-on-Tangible-Equity is not ranked *
in the Semiconductors industry.
Industry Median: 5.19 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Green Energy Technology Return-on-Tangible-Equity Historical Data
The historical data trend for Green Energy Technology'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.
* Premium members only.
Green Energy Technology Return-on-Tangible-Equity Chart
Competitive Comparison of Green Energy Technology's Return-on-Tangible-Equity
For the Solar subindustry, Green Energy Technology'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.
Green Energy Technology's Return-on-Tangible-Equity Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Green Energy Technology's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Green Energy Technology's Return-on-Tangible-Equity falls into.
Green Energy Technology Return-on-Tangible-Equity Calculation
Green Energy Technology's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2018 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. 2019) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Green Energy Technology (LUX:GE144) 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.
Green Energy Technology Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Green Energy Technology's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Green Energy Technology (LUX:GE144) Business Description
Green Energy Technology Inc is a solar technology company. The company is primarily engaged in the manufacturing and distribution of multi-crystal silicon solar wafers. Its products are classified into two segments, namely, Silicon Wafer and Thin Film. The key products consist of the polycrystalline solar silicon chip, polycrystalline solar silicon ingots, thin film solar modules. The company's main products, multi-crystalline solar wafers with different power outputs, are sold to solar cell and module manufacturers in major markets globally, such as Taiwan, China, Japan, Korea, India, Europe and the United States.
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