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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. SPAR Group's annualized net income for the quarter that ended in Sep. 2024 was $-0.6 Mil. SPAR Group's average shareholder tangible equity for the quarter that ended in Sep. 2024 was $27.4 Mil. Therefore, SPAR Group's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was -2.10%.
The historical rank and industry rank for SPAR Group's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, SPAR Group's highest Return-on-Tangible-Equity was 46.02%. The lowest was -12.23%. And the median was 3.75%.
The historical data trend for SPAR 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.
SPAR Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 22.45 | 23.61 | -12.09 | -4.58 | 17.60 |
SPAR Group Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 4.85 | 36.28 | 93.32 | 49.54 | -2.10 |
For the Specialty Business Services subindustry, SPAR 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.
For the Business Services industry and Industrials sector, SPAR Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SPAR Group's Return-on-Tangible-Equity falls into.
SPAR Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 3.902 | / | ( (18.679 | + | 25.664 ) | / 2 ) | |
= | 3.902 | / | 22.1715 | ||||
= | 17.60 % |
SPAR Group's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Sep. 2024 ) | (Q: Jun. 2024 ) | (Q: Sep. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Sep. 2024 ) | (Q: Jun. 2024 ) | (Q: Sep. 2024 ) | |||||
= | -0.576 | / | ( (27.424 | + | 27.364) | / 2 ) | |
= | -0.576 | / | 27.394 | ||||
= | -2.10 % |
* 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. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
SPAR Group (NAS:SGRP) 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.
Thank you for viewing the detailed overview of SPAR Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert G/ Brown | director, 10 percent owner, officer: Chairman, Chief Executive Offi | |
Spar Business Services Inc | other: Affiliated with Robert G Brown | 7711 N MILITARY TRAIL, SUITE 1000, WEST PALM BEACH FL 33410 |
Williams H Bartels | director, 10 percent owner, officer: Vice Chairman | |
Pato Antonio Calisto | officer: Chief Financial Officer | C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326 |
Sean Whelan | director | C/O ZOMEDICA CORP., 100 PHOENIX DRIVE, SUITE 125, ANN ARBOR MI 48108 |
Michael Wager | director | 100 BURTT ROAD, SUITE 115, BOSTON MA 01810 |
Kori Belzer | officer: Chief Operations Officer | SPAR GROUP INC, 580 WHITE PLAINS RD., TARRYTOWN NY 10591 |
Fay Devriese | officer: Chief Financial Officer | C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326 |
Ronald Wayne Lutz | officer: Chief Global CommercialOfficer | C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326 |
William Linnane | officer: Chief Strategy & GrowthOfficer | C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326 |
Arthur H Baer | director | 61 BUSHNELL ROAD, HILLSDALE NY 12529 |
Mike R. Matacunas | director, officer: Chief Executive Officer | 500 VOLVO PARKWAY, CHESAPEAKE VA 23320 |
James Richard Brown | director | C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326 |
Igor Novgorodtsev | director | C/O SPAR GROUP, INC. 333 WESTCHESTER AVE, SOUTH BUILDING, SUITE 204, WHITE PLAINS NY 10604 |
James R Segreto | officer: Controller | C/O SPAR GROUP INC, 580 WHITE PLAINS RD, TARRYTOWN NY 10591 |
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