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. IndygoTech Minerals's annualized net income for the quarter that ended in Jun. 2021 was zł0.02 Mil. IndygoTech Minerals's average shareholder tangible equity for the quarter that ended in Jun. 2021 was zł12.38 Mil. Therefore, IndygoTech Minerals's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2021 was 0.16%.
The historical rank and industry rank for IndygoTech Minerals's Return-on-Tangible-Equity or its related term are showing as below:
WAR:IDG's Return-on-Tangible-Equity is not ranked *
in the Asset Management industry.
Industry Median: 7.21 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
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.
IndygoTech Minerals Return-on-Tangible-Equity Related Terms
IndygoTech Minerals Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for IndygoTech Minerals'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.
For the Asset Management subindustry, IndygoTech Minerals'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.
IndygoTech Minerals Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, IndygoTech Minerals's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where IndygoTech Minerals'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 (Jun. 2021) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 0.16% mean?
IndygoTech Minerals (WAR:IDG) has a Return-on-Tangible-Equity of 0.16% as of Jun. 2021. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on IndygoTech Minerals and its competitors.
Is IndygoTech Minerals' Return-on-Tangible-Equity too high?
IndygoTech Minerals' current Return-on-Tangible-Equity is 0.16%. The Asset Management industry median Return-on-Tangible-Equity is 7.21. IndygoTech Minerals' value of 0.16% is 97.8% below this industry median. Overall, IndygoTech Minerals has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does IndygoTech Minerals' Return-on-Tangible-Equity compare to competitors?
IndygoTech Minerals' Return-on-Tangible-Equity of 0.16% can be compared against companies in the Asset Management industry. The industry median Return-on-Tangible-Equity is 7.21. IndygoTech Minerals' value of 0.16% is 97.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,591 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IndygoTech Minerals's current Return-on-Tangible-Equity of 0.16% is 97.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on IndygoTech Minerals and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IndygoTech Minerals's current Return-on-Tangible-Equity is 0.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IndygoTech Minerals stock overvalued right now?
IndygoTech Minerals (WAR:IDG) has a current Return-on-Tangible-Equity of 0.16%. The current Return-on-Tangible-Equity is 0.16% and 97.8% below the Asset Management industry median of 7.21. IndygoTech Minerals' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For IndygoTech Minerals (WAR:IDG), the current Return-on-Tangible-Equity is 0.16% as of Jun. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
IndygoTech Minerals SA is a venture capital firm specializing in making investments in high-tech and high growth companies operating across all sectors but prioritizes technology and e-commerce. The company also invests in the alternative stock market.
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