What is US Lighting Group 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. US Lighting Group's annualized net income for the quarter that ended in Mar. 2024 was $-1.76 Mil. US Lighting Group's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $-4.87 Mil. Therefore, US Lighting 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 US Lighting Group's Return-on-Tangible-Equity or its related term are showing as below:
During the past 9 years, US Lighting Group's highest Return-on-Tangible-Equity was 18.18%. The lowest was -75.00%. And the median was -28.41%.
USLG's Return-on-Tangible-Equity is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.715 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
US Lighting Group Return-on-Tangible-Equity Historical Data
The historical data trend for US Lighting 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.
Competitive Comparison of US Lighting Group's Return-on-Tangible-Equity
For the Recreational Vehicles subindustry, US Lighting 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.
US Lighting Group's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, US Lighting Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where US Lighting Group's Return-on-Tangible-Equity falls into.
US Lighting Group Return-on-Tangible-Equity Calculation
US Lighting Group'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.
US Lighting Group (OTCPK:USLG) 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.
US Lighting Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of US Lighting Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
US Lighting Group (US Lighting Group) Business Description
US Lighting Group Inc is a manufacturer of recreational vehicles utilizing the highest quality marine materials to create lighter weight, stronger, and more durable RV travel trailers and campers. It consists of four subsidiaries: Cortes Campers, LLC, a brand of high end molded fiberglass campers, Futuro Houses, LLC, focused on design and sales of molded fiberglass homes, Fusion X Marine, LLC, a high performance boat designer, and MIGMarine Corporation, a composite manufacturing company that produces proprietary molded fiberglass products for other business lines. The company formed Cortes Campers to operate a new brand of inventive travel trailers.
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