What is Legend Power Systems 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. Legend Power Systems's annualized net income for the quarter that ended in Dec. 2023 was C$-4.32 Mil. Legend Power Systems's average shareholder tangible equity for the quarter that ended in Dec. 2023 was C$3.48 Mil. Therefore, Legend Power Systems's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -124.09%.
The historical rank and industry rank for Legend Power Systems's Return-on-Tangible-Equity or its related term are showing as below:
TSXV:LPS.WT.A'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -262.53 Med: -77.52 Max: -29.27
Current: -124.39
During the past 13 years, Legend Power Systems's highest Return-on-Tangible-Equity was -29.27%. The lowest was -262.53%. And the median was -77.52%.
TSXV:LPS.WT.A's Return-on-Tangible-Equity is ranked worse than 97.67% of 2922
companies
in the Industrial Products industry
Industry Median: 7.565
vs TSXV:LPS.WT.A: -124.39
Legend Power Systems Return-on-Tangible-Equity Historical Data
The historical data trend for Legend Power Systems'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.
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Legend Power Systems Return-on-Tangible-Equity Chart
Competitive Comparison of Legend Power Systems's Return-on-Tangible-Equity
For the Electrical Equipment & Parts subindustry, Legend Power Systems'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.
Legend Power Systems's Return-on-Tangible-Equity Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Legend Power Systems's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Legend Power Systems's Return-on-Tangible-Equity falls into.
Legend Power Systems Return-on-Tangible-Equity Calculation
Legend Power Systems's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Legend Power Systems (TSXV:LPS.WT.A) 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.
Legend Power Systems Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Legend Power Systems's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Legend Power Systems (TSXV:LPS.WT.A) Business Description
Legend Power Systems Inc together with its subsidiaries provides electrical energy conservation solutions to commercial and industrial customers in Canada. The Company's principal business activities are the assembly, marketing and sale of a patented device which is the SmartGATE, which enables dynamic power management of an entire commercial or industrial building. Business operating segments are based on geographical location of sale and installation of the SmartGATE products: Legend Power Systems Canada and Legend Power Systems Corp - U.S. Geographically, it derives a majority of revenue from Canada and also has a presence in the United States.
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