What is Raba Automotive Holding 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. Raba Automotive Holding's annualized net income for the quarter that ended in Mar. 2024 was €-1.9 Mil. Raba Automotive Holding's average shareholder tangible equity for the quarter that ended in Mar. 2024 was €59.5 Mil. Therefore, Raba Automotive Holding's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -3.20%.
The historical rank and industry rank for Raba Automotive Holding's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Raba Automotive Holding's highest Return-on-Tangible-Equity was 12.87%. The lowest was -5.04%. And the median was 6.28%.
STU:RMV1's Return-on-Tangible-Equity is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.72 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Raba Automotive Holding Return-on-Tangible-Equity Historical Data
The historical data trend for Raba Automotive Holding'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.
Raba Automotive Holding Return-on-Tangible-Equity Chart
Competitive Comparison of Raba Automotive Holding's Return-on-Tangible-Equity
For the Auto Parts subindustry, Raba Automotive Holding'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.
Raba Automotive Holding's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Raba Automotive Holding's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Raba Automotive Holding's Return-on-Tangible-Equity falls into.
Raba Automotive Holding Return-on-Tangible-Equity Calculation
Raba Automotive Holding'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.
Raba Automotive Holding (STU:RMV1) 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.
Raba Automotive Holding Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Raba Automotive Holding's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Raba Automotive Holding (STU:RMV1) Business Description
Raba Automotive Holding PLC operates in the automotive industry which operates in three divisions namely the Axle business unit, the Vehicle business unit, and the Automotive components business unit. The Axle segment comprises the manufacturing and sale of axles, parts, and components. The Vehicles segment includes the manufacturing of truck and bus undercarriages and related components, as well as the assembly and sale of vehicles. The parts components segment includes the manufacturing and sale of spare parts, seat frames, pressed frameworks and truck undercarriages, and sewing seat upholstery. Its products are installed in medium- and heavy-duty trucks, military trucks, buses, and others. The company generates a majority of its revenue from the Parts business segment.
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