What is TCR2 Therapeutics 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. TCR2 Therapeutics's annualized net income for the quarter that ended in Mar. 2023 was $-161.60 Mil. TCR2 Therapeutics's average shareholder tangible equity for the quarter that ended in Mar. 2023 was $121.09 Mil. Therefore, TCR2 Therapeutics's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2023 was -133.45%.
The historical rank and industry rank for TCR2 Therapeutics's Return-on-Tangible-Equity or its related term are showing as below:
TCRR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -127.35 Med: -55.22 Max: -33.82
Current: -88.42
During the past 7 years, TCR2 Therapeutics's highest Return-on-Tangible-Equity was -33.82%. The lowest was -127.35%. And the median was -55.22%.
TCRR's Return-on-Tangible-Equity is not ranked
in the Biotechnology industry.
Industry Median: -48.21
vs TCRR: -88.42
TCR2 Therapeutics Return-on-Tangible-Equity Historical Data
The historical data trend for TCR2 Therapeutics'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 TCR2 Therapeutics's Return-on-Tangible-Equity
For the Biotechnology subindustry, TCR2 Therapeutics'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.
TCR2 Therapeutics's Return-on-Tangible-Equity Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, TCR2 Therapeutics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TCR2 Therapeutics's Return-on-Tangible-Equity falls into.
* 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. 2023) 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.
TCR2 Therapeutics Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of TCR2 Therapeutics's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
TCR2 Therapeutics (TCR2 Therapeutics) Business Description
TCR2 Therapeutics Inc is a clinical-stage cell therapy company. It is engaged in developing a pipeline of novel T cell therapies for cancer patients suffering from solid tumors by powering the T cell receptor (TCR) with its proprietary, first-in-class TCR Fusion Construct T cells (TRuC-T cells). The company's TRuC-T cells specifically recognize and kill cancer cells by harnessing the entire TCR signaling complex, independent of human leukocyte antigens, which are effective in patients with solid tumors.
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