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. SDI Group's annualized net income for the quarter that ended in Oct. 2023 was $4.82 Mil. SDI Group's average shareholder tangible equity for the quarter that ended in Oct. 2023 was $1.68 Mil. Therefore, SDI Group's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2023 was 286.79%.
The historical rank and industry rank for SDI Group's Return-on-Tangible-Equity or its related term are showing as below:
SDIIF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.17 Med: 48.78 Max: 5131.29
Current: Negative Tangible Equity
During the past 13 years, SDI Group's highest Return-on-Tangible-Equity was 5,131.29%. The lowest was -3.17%. And the median was 48.78%.
SDIIF's Return-on-Tangible-Equity is ranked better than 99.96% of 2359
companies
in the Hardware industry
Industry Median: 5.37
vs SDIIF: Negative Tangible Equity
SDI Group Return-on-Tangible-Equity Historical Data
The historical data trend for SDI 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 SDI Group's Return-on-Tangible-Equity
For the Scientific & Technical Instruments subindustry, SDI 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.
SDI Group's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, SDI Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SDI Group's Return-on-Tangible-Equity falls into.
SDI Group Return-on-Tangible-Equity Calculation
SDI Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Apr. 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 two times the semi-annual (Oct. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
SDI Group (OTCPK:SDIIF) 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.
SDI Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of SDI Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
SDI Group PLC designs and manufactures scientific and technology products for use by the life science, healthcare, astronomy, consumer manufacturing and art conservation markets through Synoptics, the Artemis, the Opus instruments, and Astles Control systems brands. The Digital Imaging segment incorporates the Synoptics brands Syngene, Synbiosis, Synoptics Health and Fistreem, the Atik brands Atik Cameras, Opus and Quantum Scientific Imaging, and the Graticules Optics business. The Sensors & Control segment combines our Sentek, Astles Control Systems, Applied Thermal Control, Thermal Exchange, MPB Industries and Chell Instruments businesses. It operates in the UK, Europe, America, Rest of Asia, and Rest of the world segments. It derives most of its revenues from America segment.
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