Valtecne SpA (MIL:VLT) Return-on-Tangible-Equity : 22.05% (As of Jun. 2024)

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What is Valtecne 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. Valtecne SpA's annualized net income for the quarter that ended in Jun. 2024 was €4.37 Mil. Valtecne SpA's average shareholder tangible equity for the quarter that ended in Jun. 2024 was €19.83 Mil. Therefore, Valtecne SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was 22.05%.

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

MIL:VLT' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.4 Med: 21.66 Max: 24.23
Current: 24.23

During the past 5 years, Valtecne SpA's highest Return-on-Tangible-Equity was 24.23%. The lowest was 11.40%. And the median was 21.66%.

MIL:VLT's Return-on-Tangible-Equity is ranked better than
88.32% of 2936 companies
in the Industrial Products industry
Industry Median: 6.76 vs MIL:VLT: 24.23

Valtecne SpA Return-on-Tangible-Equity Historical Data

The historical data trend for Valtecne 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.

Valtecne SpA Return-on-Tangible-Equity Chart

Valtecne SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Return-on-Tangible-Equity

11.40

21.61

23.92

21.70

32.05

Valtecne SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Return-on-Tangible-Equity	Get a 7-Day Free Trial				16.24	33.11	9.11	22.05	20.83

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

For the Specialty Industrial Machinery subindustry, Valtecne 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.

Valtecne SpA's Return-on-Tangible-Equity Distribution in the Industrial Products Industry

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

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

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Valtecne SpA Return-on-Tangible-Equity Calculation

Valtecne SpA's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	3.182	/	( (10.644	+	18.68 )	/ 2 )
	=	3.182	/	14.662
	=	21.70 %

Valtecne 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 )
	=	4.374	/	( (18.68	+	20.987)	/ 2 )
	=	4.374	/	19.8335
	=	22.05 %

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.

Valtecne SpA (MIL:VLT) 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.

Valtecne SpA Return-on-Tangible-Equity Related Terms

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