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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. Cline Scientific AB's annualized net income for the quarter that ended in Dec. 2023 was kr0.44 Mil. Cline Scientific AB's average shareholder tangible equity for the quarter that ended in Dec. 2023 was kr0.09 Mil. Therefore, Cline Scientific AB's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 509.94%.
The historical rank and industry rank for Cline Scientific AB's Return-on-Tangible-Equity or its related term are showing as below:
OSTO:CLINE B's Return-on-Tangible-Equity is not ranked *
in the Biotechnology industry.
Industry Median: -42.21 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Cline Scientific AB (OSTO:CLINE 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.
Cline Scientific AB Return-on-Tangible-Equity Related Terms
Cline Scientific AB Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Cline Scientific 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.
Cline Scientific AB Return-on-Tangible-Equity Chart
OSTO:CLINE B vs VRTX, REGN, SGEN: Return-on-Tangible-Equity Comparison
For the Biotechnology subindustry, Cline Scientific 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.
Cline Scientific AB Return-on-Tangible-Equity vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Cline Scientific AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Cline Scientific 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. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 509.94% mean?
Cline Scientific AB (OSTO:CLINE B) has a Return-on-Tangible-Equity of 509.94% as of Dec. 2023. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Cline Scientific AB and its competitors.
Is Cline Scientific AB's Return-on-Tangible-Equity too high?
Cline Scientific AB's current Return-on-Tangible-Equity is 509.94%. Overall, Cline Scientific AB has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Cline Scientific AB's Return-on-Tangible-Equity compare to VRTX and REGN?
Cline Scientific AB's Return-on-Tangible-Equity of 509.94% can be compared against companies in the Biotechnology industry. 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 a Biotechnology company?
A good Return-on-Tangible-Equity depends on the Biotechnology industry context. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Cline Scientific AB and its competitors. Cline Scientific AB's current Return-on-Tangible-Equity is 509.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cline Scientific AB stock overvalued right now?
Cline Scientific AB (OSTO:CLINE B) has a current Return-on-Tangible-Equity of 509.94%. The current Return-on-Tangible-Equity is 509.94%. Cline Scientific AB's overall GF Score™ is 4/100. 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 Cline Scientific AB (OSTO:CLINE B), the current Return-on-Tangible-Equity is 509.94% as of Dec. 2023. 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.
Cline Scientific AB develops and markets products for biomedical research based on proprietary nanotechnology. Its products include unique surfaces for use in stem cell & cancer research and customized nanoparticles for use in biomedical applications.
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