GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solar AS (OCSE:SOLAR B) » Definitions » Return-on-Tangible-Equity

Solar AS (OCSE:SOLAR B) Return-on-Tangible-Equity : 14.45% (As of Dec. 2024)


View and export this data going back to 1993. Start your Free Trial

What is Solar AS 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. Solar AS's annualized net income for the quarter that ended in Dec. 2024 was kr204 Mil. Solar AS's average shareholder tangible equity for the quarter that ended in Dec. 2024 was kr1,412 Mil. Therefore, Solar AS's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was 14.45%.

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

OCSE:SOLAR B' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.6   Med: 11.27   Max: 37.17
Current: 10.63

During the past 13 years, Solar AS's highest Return-on-Tangible-Equity was 37.17%. The lowest was 1.60%. And the median was 11.27%.

OCSE:SOLAR B's Return-on-Tangible-Equity is ranked better than
69.17% of 2345 companies
in the Hardware industry
Industry Median: 5.22 vs OCSE:SOLAR B: 10.63

Solar AS Return-on-Tangible-Equity Historical Data

The historical data trend for Solar AS'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.

Solar AS Return-on-Tangible-Equity Chart

Solar AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.77 31.87 37.17 20.77 9.96

Solar AS Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 13.89 -1.66 8.16 22.99 14.45

Competitive Comparison of Solar AS's Return-on-Tangible-Equity

For the Electronics & Computer Distribution subindustry, Solar AS'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.


Solar AS's Return-on-Tangible-Equity Distribution in the Hardware Industry

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

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


;
;

Solar AS Return-on-Tangible-Equity Calculation

Solar AS's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=151/( (1584+1447 )/ 2 )
=151/1515.5
=9.96 %

Solar AS's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=204/( (1377+1447)/ 2 )
=204/1412
=14.45 %

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


Solar AS  (OCSE:SOLAR B) 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.


Solar AS Return-on-Tangible-Equity Related Terms

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


Solar AS Business Description

Industry
Traded in Other Exchanges
Address
Industrivej Vest 43, Vejen, DNK, 6600
Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment. The company operates in Denmark, Sweden, Norway, Netherlands, Poland and Others.

Solar AS Headlines

No Headlines