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Solid Clouds hf (OISE:SOLID) Return-on-Tangible-Equity : -381.68% (As of Dec. 2024)


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What is Solid Clouds hf 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. Solid Clouds hf's annualized net income for the quarter that ended in Dec. 2024 was kr-603.86 Mil. Solid Clouds hf's average shareholder tangible equity for the quarter that ended in Dec. 2024 was kr158.21 Mil. Therefore, Solid Clouds hf's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was -381.68%.

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

OISE:SOLID' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -13521.1   Med: -28.9   Max: 8.97
Current: -244.44

During the past 7 years, Solid Clouds hf's highest Return-on-Tangible-Equity was 8.97%. The lowest was -13,521.10%. And the median was -28.90%.

OISE:SOLID's Return-on-Tangible-Equity is ranked worse than
95.56% of 495 companies
in the Interactive Media industry
Industry Median: 4.16 vs OISE:SOLID: -244.44

Solid Clouds hf Return-on-Tangible-Equity Historical Data

The historical data trend for Solid Clouds hf'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.

Solid Clouds hf Return-on-Tangible-Equity Chart

Solid Clouds hf Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Equity
Get a 7-Day Free Trial 8.97 -9.79 -10.13 -28.90 -685.90

Solid Clouds hf Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -11.85 -32.64 -33.87 -73.44 -381.68

Competitive Comparison of Solid Clouds hf's Return-on-Tangible-Equity

For the Electronic Gaming & Multimedia subindustry, Solid Clouds hf'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.


Solid Clouds hf's Return-on-Tangible-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Solid Clouds hf's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Solid Clouds hf's Return-on-Tangible-Equity falls into.


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Solid Clouds hf Return-on-Tangible-Equity Calculation

Solid Clouds hf'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 )
=-404.462/( (179.978+-62.042 )/ 2 )
=-404.462/58.968
=-685.90 %

Solid Clouds hf'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: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=-603.864/( (378.467+-62.042)/ 2 )
=-603.864/158.2125
=-381.68 %

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


Solid Clouds hf  (OISE:SOLID) 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.


Solid Clouds hf Return-on-Tangible-Equity Related Terms

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


Solid Clouds hf Business Description

Traded in Other Exchanges
N/A
Address
Eioistorg 17, Seltjarnarnes, ISL, 170
Solid Clouds hf is engaged in information technology, software development, and the creation and marketing of computer games. It has a focus on creating a technology framework for the fast production of massively multiplayer online real-time games. Geographically group generates the majority of its revenue from the United States of America. It has income from the sale of virtual goods in the computer games.

Solid Clouds hf Headlines

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