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. AXT's annualized net income for the quarter that ended in Mar. 2024 was €-7.66 Mil. AXT's average shareholder tangible equity for the quarter that ended in Mar. 2024 was €185.19 Mil. Therefore, AXT's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -4.14%.
The historical rank and industry rank for AXT's Return-on-Tangible-Equity or its related term are showing as below:
STU:AHV'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.48 Med: 2.98 Max: 7.37
Current: -8.01
During the past 13 years, AXT's highest Return-on-Tangible-Equity was 7.37%. The lowest was -8.48%. And the median was 2.98%.
STU:AHV's Return-on-Tangible-Equity is ranked worse than 78.42% of 959
companies
in the Semiconductors industry
Industry Median: 5.24
vs STU:AHV: -8.01
AXT Return-on-Tangible-Equity Historical Data
The historical data trend for AXT'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 AXT's Return-on-Tangible-Equity
For the Semiconductor Equipment & Materials subindustry, AXT'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.
AXT's Return-on-Tangible-Equity Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, AXT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where AXT's Return-on-Tangible-Equity falls into.
AXT Return-on-Tangible-Equity Calculation
AXT's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 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 four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
AXT Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of AXT's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
AXT Inc is a developer and producer of compound and single-element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
STU:AHV has been successfully added to your 