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Espe SpA (MIL:ESPE) Return-on-Tangible-Equity : 31.25% (As of Jun. 2024)


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What is Espe SpA 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. Espe SpA's annualized net income for the quarter that ended in Jun. 2024 was €2.61 Mil. Espe SpA's average shareholder tangible equity for the quarter that ended in Jun. 2024 was €8.34 Mil. Therefore, Espe SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was 31.25%.

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

MIL:ESPE' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.81   Med: 3.71   Max: 33.1
Current: 33.1

During the past 3 years, Espe SpA's highest Return-on-Tangible-Equity was 33.10%. The lowest was 1.81%. And the median was 3.71%.

MIL:ESPE's Return-on-Tangible-Equity is ranked better than
85% of 1633 companies
in the Construction industry
Industry Median: 7.98 vs MIL:ESPE: 33.10

Espe SpA Return-on-Tangible-Equity Historical Data

The historical data trend for Espe SpA'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.

Espe SpA Return-on-Tangible-Equity Chart

Espe SpA Annual Data
Trend Dec21 Dec22 Dec23
Return-on-Tangible-Equity
1.81 5.60 29.84

Espe SpA Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Return-on-Tangible-Equity Get a 7-Day Free Trial 2.23 9.03 17.52 37.04 31.25

Competitive Comparison of Espe SpA's Return-on-Tangible-Equity

For the Engineering & Construction subindustry, Espe SpA'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.


Espe SpA's Return-on-Tangible-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Espe SpA's Return-on-Tangible-Equity distribution charts can be found below:

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



Espe SpA Return-on-Tangible-Equity Calculation

Espe SpA's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=0.224/( (4.032+3.966 )/ 2 )
=0.224/3.999
=5.60 %

Espe SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=2.606/( (6.937+9.742)/ 2 )
=2.606/8.3395
=31.25 %

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


Espe SpA  (MIL:ESPE) 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.


Espe SpA Return-on-Tangible-Equity Related Terms

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


Espe SpA Business Description

Industry
Comparable Companies
Traded in Other Exchanges
N/A
Address
Via Dell Artigianato 6, Grantorto, Padua, ITA, 35010
Espe SpA is a company which is producers of cutting edge solutions. They are born as installers of industrial electrical systems, over the years they have accumulated a rich wealth of experience, expanding its activities in the field of installation of photovoltaic systems and in the direct production of innovative technologies in the small wind, hydroelectric and biomass sectors.

Espe SpA Headlines

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