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Aventura Group AB (OSTO:AVENT B) Return-on-Tangible-Equity : Negative Tangible Equity% (As of Sep. 2023)


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What is Aventura Group AB 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. Aventura Group AB's annualized net income for the quarter that ended in Sep. 2023 was kr1.28 Mil. Aventura Group AB's average shareholder tangible equity for the quarter that ended in Sep. 2023 was kr-8.49 Mil. Therefore, Aventura Group AB's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was Negative Tangible Equity%.

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

OSTO:AVENT B's Return-on-Tangible-Equity is not ranked *
in the Business Services industry.
Industry Median: 10.225
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Aventura Group AB Return-on-Tangible-Equity Historical Data

The historical data trend for Aventura Group 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.

* Premium members only.

Aventura Group AB Return-on-Tangible-Equity Chart

Aventura Group AB Annual Data
Trend Dec20 Dec21 Dec22
Return-on-Tangible-Equity
-65.59 -280.98 -

Aventura Group AB Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 - - - Negative Tangible Equity Negative Tangible Equity

Competitive Comparison of Aventura Group AB's Return-on-Tangible-Equity

For the Specialty Business Services subindustry, Aventura Group 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.


Aventura Group AB's Return-on-Tangible-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Aventura Group AB's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Aventura Group AB's Return-on-Tangible-Equity falls into.


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Aventura Group AB Return-on-Tangible-Equity Calculation

Aventura Group AB's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=-17.754/( (5.997+-11.254 )/ 2 )
=-17.754/-2.6285
=N/A %

Aventura Group AB's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=1.276/( (-8.383+-8.591)/ 2 )
=1.276/-8.487
=Negative Tangible Equity %

* 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 (Sep. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Aventura Group AB  (OSTO:AVENT 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.


Aventura Group AB Return-on-Tangible-Equity Related Terms

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


Aventura Group AB Business Description

Traded in Other Exchanges
N/A
Address
David Bagares gata 7, Stockholm, SWE, 111 36
Aventura Group AB is a digital brand and e-commerce group focused on the Chinese consumer market. Aventura Group develops and invests in brands with good potential in China and platforms for scaling brands in the market. Its current portfolio includes the subsidiaries Aventura, TicToc Ventures, Aurora Beauty and Headway B2B. The firm has offices in Stockholm, Shanghai, and Hong Kong.

Aventura Group AB Headlines

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