Clevon AS (OTSE:CLEV) Return-on-Tangible-Equity : -2,592.16% (As of Jun. 2023)

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What is Clevon AS 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. Clevon AS's annualized net income for the quarter that ended in Jun. 2023 was €-6.61 Mil. Clevon AS's average shareholder tangible equity for the quarter that ended in Jun. 2023 was €0.26 Mil. Therefore, Clevon AS's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 was -2,592.16%.

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

OTSE:CLEV' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1296.08 Med: -173.54 Max: -173.54
Current: -1296.08

During the past 1 years, Clevon AS's highest Return-on-Tangible-Equity was -173.54%. The lowest was -1,296.08%. And the median was -173.54%.

OTSE:CLEV's Return-on-Tangible-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 8.72 vs OTSE:CLEV: -1296.08

Clevon AS Return-on-Tangible-Equity Historical Data

The historical data trend for Clevon AS'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.

Clevon AS Return-on-Tangible-Equity Chart

Clevon AS Annual Data

Trend

Dec22

Return-on-Tangible-Equity

-173.54

Clevon AS Semi-Annual Data
	Dec22	Jun23
Return-on-Tangible-Equity	-	-2,592.16

Competitive Comparison of Clevon AS's Return-on-Tangible-Equity

For the Auto Manufacturers subindustry, Clevon AS'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.

Clevon AS's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Clevon AS's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Clevon AS's Return-on-Tangible-Equity falls into.

Clevon AS Return-on-Tangible-Equity Calculation

Clevon AS'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: . 20 )		(A: Dec. 2022 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2022 )		(A: . 20 )		(A: Dec. 2022 )
	=		/	( (	+	)	/ )
	=		/
	=	%

Clevon AS's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-6.61	/	( (1.92	+	-1.41)	/ 2 )
	=	-6.61	/	0.255
	=	-2,592.16 %

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

Clevon AS (OTSE:CLEV) 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.

Clevon AS Return-on-Tangible-Equity Related Terms

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