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. The OLB Group's annualized net income for the quarter that ended in Dec. 2023 was $-72.69 Mil. The OLB Group's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $4.00 Mil. Therefore, The OLB Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -1,817.65%.
The historical rank and industry rank for The OLB Group's Return-on-Tangible-Equity or its related term are showing as below:
OLB'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -575.5 Med: -146.15 Max: -86.38
Current: -346.09
During the past 13 years, The OLB Group's highest Return-on-Tangible-Equity was -86.38%. The lowest was -575.50%. And the median was -146.15%.
OLB's Return-on-Tangible-Equity is ranked worse than 95.53% of 2374
companies
in the Software industry
Industry Median: 7.71
vs OLB: -346.09
The OLB Group Return-on-Tangible-Equity Historical Data
The historical data trend for The OLB Group'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 The OLB Group's Return-on-Tangible-Equity
For the Software - Infrastructure subindustry, The OLB Group'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.
The OLB Group's Return-on-Tangible-Equity Distribution in the Software Industry
For the Software industry and Technology sector, The OLB Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where The OLB Group's Return-on-Tangible-Equity falls into.
The OLB Group Return-on-Tangible-Equity Calculation
The OLB Group'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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
The OLB Group (NAS:OLB) 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.
The OLB Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of The OLB Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
The OLB Group (The OLB Group) Business Description
The OLB Group Inc is a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise. It is a payment facilitator and e-commerce service provider that delivers cloud-based merchant services for Web-based and brick-and-mortar organizations by providing an end-to-end digital commerce solution includes site design, hosting, transaction processing and payment gateway, order fulfillment, customer service, marketing, and sales reporting. The company generates maximum revenue from Fintech services segment.
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