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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. Athanase Innovation AB's annualized net income for the quarter that ended in Dec. 2020 was kr347.07 Mil. Athanase Innovation AB's average shareholder tangible equity for the quarter that ended in Dec. 2020 was kr320.41 Mil. Therefore, Athanase Innovation AB's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2020 was 108.32%.
The historical rank and industry rank for Athanase Innovation AB's Return-on-Tangible-Equity or its related term are showing as below:
OSTO:ATIN's Return-on-Tangible-Equity is not ranked *
in the Asset Management industry.
Industry Median: 7.21 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Athanase Innovation AB (OSTO:ATIN) 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.
Athanase Innovation AB Return-on-Tangible-Equity Related Terms
Athanase Innovation AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Athanase Innovation AB'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.
Athanase Innovation AB Return-on-Tangible-Equity Chart
OSTO:ATIN vs EVG, SMM, NHS: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Athanase Innovation AB'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.
Athanase Innovation AB Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Athanase Innovation AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Athanase Innovation AB's Return-on-Tangible-Equity falls into.
* 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. 2020) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 108.32% mean?
Athanase Innovation AB (OSTO:ATIN) has a Return-on-Tangible-Equity of 108.32% as of Dec. 2020. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Athanase Innovation AB and its competitors.
Is Athanase Innovation AB's Return-on-Tangible-Equity too high?
Athanase Innovation AB's current Return-on-Tangible-Equity is 108.32%. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Athanase Innovation AB's value of 108.32% is 1402.4% above this industry median. Overall, Athanase Innovation AB has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Athanase Innovation AB's Return-on-Tangible-Equity compare to EVG and SMM?
Athanase Innovation AB's Return-on-Tangible-Equity of 108.32% can be compared against companies in the Asset Management industry. The industry median Return-on-Tangible-Equity is 7.21. Athanase Innovation AB's value of 108.32% is 1402.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,590 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Athanase Innovation AB's current Return-on-Tangible-Equity of 108.32% is 1402.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Athanase Innovation AB and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Athanase Innovation AB's current Return-on-Tangible-Equity is 108.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Athanase Innovation AB stock overvalued right now?
Athanase Innovation AB (OSTO:ATIN) has a current Return-on-Tangible-Equity of 108.32%. The current Return-on-Tangible-Equity is 108.32% and 1402.4% above the Asset Management industry median of 7.21. Athanase Innovation AB's overall GF Score™ is 26/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Athanase Innovation AB (OSTO:ATIN), the current Return-on-Tangible-Equity is 108.32% as of Dec. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Athanase Innovation AB is an alternative investment firm with exposure to both private and public equity. It invests in innovative companies that benefit from trends such as robotics, digitalization, and automation. The principal revenue stream is initially management fees charged on the external fund capital and investment income of the underlying assets.
26GF Score
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