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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. Track Group's annualized net income for the quarter that ended in Mar. 2024 was $-7.61 Mil. Track Group's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $-31.66 Mil. Therefore, Track Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was N/A%.
The historical rank and industry rank for Track Group's Return-on-Tangible-Equity or its related term are showing as below:
The historical data trend for Track 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.
Track Group Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | - | - | Negative Tangible Equity | - | - |
Track Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | - | - | - | - | - |
For the Scientific & Technical Instruments subindustry, Track 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 Hardware industry and Technology sector, Track Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Track Group's Return-on-Tangible-Equity falls into.
Track Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Sep. 2023 ) | (A: Sep. 2022 ) | (A: Sep. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Sep. 2023 ) | (A: Sep. 2022 ) | (A: Sep. 2023 ) | |||||
= | -3.392 | / | ( (-28.777 | + | -30.502 ) | / 2 ) | |
= | -3.392 | / | -29.6395 | ||||
= | N/A % |
Track Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -7.612 | / | ( (-30.721 | + | -32.596) | / 2 ) | |
= | -7.612 | / | -31.6585 | ||||
= | N/A % |
* 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.
Track Group (OTCPK:TRCK) 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 Track Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Conrent Invest S.a. | 10 percent owner | 19 RUE DE BITBOURG, LUXEMBOURG N4 L-1273 |
Matthew J. Swando | officer: CHIEF REVENUE OFFICER | C/O TRACK GROUP, INC., 200 E 5TH AVE, SUITE 100, NAPERVILLE IL 60563 |
Karim Sehnaoui | director | 57 ROUTE DE CHENE, GENEVA V8 1208 |
Derek Cassell | officer: Chief Executive Officer | 200 E. 5TH AVE., SUITE 100, NAPERVILLE IL 60563 |
Van Daele Dirk Karel | director | BERGSTRASSE 6, HORGEN V8 CH8810 |
Peter K Poli | officer: CHIEF FINANCIAL OFFICER | 1215 W. LAKEVIEW COURT, ROMEOVILLE IL 60446 |
Ray O Johnson | director | C/O RIGETTI & CO., INC., 775 HEINZ AVENUE, BERKELEY CA 94710 |
Charles Eric Rosenblum | director | 405 SOUTH MAIN STREET, SUITE 700, SALT LAKE CITY UT 84111 |
Karen M Macleod | director | C/O TRACK GROUP, INC., 200 E 5TH AVENUE STE 100, NAPERVILLE IL 60563 |
John R Merrill | officer: Chief Financial Officer | 4222 HILLTOP DRIVE, PARK CITY UT 84098 |
Sapinda Asia Ltd | 10 percent owner | 8TH FLOOR, HANG SENG BANK BUILDING, 200 HENNESSEY ROAD, WANCHAI, HONG KONG K3 00000 |
Safety Invest S.a. | 10 percent owner | 19 RUE DE BITBOURG, LUXEMBOURG N4 L-1273 |
Winfried Kunz | director | AM GASTEIG 9, TRAUBING 2M 82327 |
Guy Dubois | director, 10 percent owner | C/O POLLEKE III, SEESTRASSE 227, KILCHBERG V8 CH8802 |
Lars Windhorst | 10 percent owner | C/O SAPINDA ASIA LTD, RMS 803-4, 8TH FLR, HANG SENG WANCHAI BLDG, 200 HENNESY ROAD, WANCHAI K3 999077 |
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