What is Globaltruck Management PJSC 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. Globaltruck Management PJSC's annualized net income for the quarter that ended in Jun. 2023 was ₽472 Mil. Globaltruck Management PJSC's average shareholder tangible equity for the quarter that ended in Jun. 2023 was ₽4,837 Mil. Therefore, Globaltruck Management PJSC's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 was 9.76%.
The historical rank and industry rank for Globaltruck Management PJSC's Return-on-Tangible-Equity or its related term are showing as below:
MIC:GTRK'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.37 Med: 5.39 Max: 44.93
Current: 6.61
During the past 8 years, Globaltruck Management PJSC's highest Return-on-Tangible-Equity was 44.93%. The lowest was 1.37%. And the median was 5.39%.
MIC:GTRK's Return-on-Tangible-Equity is ranked worse than 62.82% of 928
companies
in the Transportation industry
Industry Median: 9.69
vs MIC:GTRK: 6.61
Globaltruck Management PJSC Return-on-Tangible-Equity Historical Data
* 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 Globaltruck Management PJSC's Return-on-Tangible-Equity
For the Trucking subindustry, Globaltruck Management PJSC'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.
Globaltruck Management PJSC's Return-on-Tangible-Equity Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Globaltruck Management PJSC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Globaltruck Management PJSC'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 two times the semi-annual (Jun. 2023) 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.
Globaltruck Management PJSC Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Globaltruck Management PJSC's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Globaltruck Management PJSC (MIC:GTRK) Business Description
Globaltruck Management PJSC operates as a truck load trucking operator. The company offers services such as long-haul transportation of cargoes, trucking, temperature controller, and supply chain management services in Russia. Its services include standard cargo delivery and refrigerated transportations.
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