What is Viking Line Abp 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. Viking Line Abp's annualized net income for the quarter that ended in Mar. 2024 was €-57.2 Mil. Viking Line Abp's average shareholder tangible equity for the quarter that ended in Mar. 2024 was €309.9 Mil. Therefore, Viking Line Abp's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -18.46%.
The historical rank and industry rank for Viking Line Abp's Return-on-Tangible-Equity or its related term are showing as below:
OHEL:VIK1V'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -20.01 Med: 6.42 Max: 15.27
Current: 8.52
During the past 13 years, Viking Line Abp's highest Return-on-Tangible-Equity was 15.27%. The lowest was -20.01%. And the median was 6.42%.
OHEL:VIK1V's Return-on-Tangible-Equity is ranked worse than 54.68% of 929
companies
in the Transportation industry
Industry Median: 9.65
vs OHEL:VIK1V: 8.52
Viking Line Abp Return-on-Tangible-Equity Historical Data
The historical data trend for Viking Line Abp'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.
Competitive Comparison of Viking Line Abp's Return-on-Tangible-Equity
For the Marine Shipping subindustry, Viking Line Abp'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.
Viking Line Abp's Return-on-Tangible-Equity Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Viking Line Abp's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Viking Line Abp's Return-on-Tangible-Equity falls into.
Viking Line Abp Return-on-Tangible-Equity Calculation
Viking Line Abp's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Viking Line Abp (OHEL:VIK1V) 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.
Viking Line Abp Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Viking Line Abp's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Viking Line Abp is a Finland-based company engaged in providing passenger and cargo carrier services in the northern Baltic Sea. It also offers onboard services such as shopping, food and professional entertainment and hotel services. The group's operations are divided into two operating segments: Vessels and Unallocated. The Vessel operating segment, which is the key revenue driver, comprises direct revenue and expenses including depreciation and amortization that is attributable to vessel operations. The Unallocated operating segment mainly comprises unallocated marketing and administrative expenses. The business of the group is primarily operated in Finland.
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