GURUFOCUS.COM » STOCK LIST » Technology » Software » Daythree Digital Bhd (XKLS:0281) » Definitions » Return-on-Tangible-Equity

Daythree Digital Bhd (XKLS:0281) Return-on-Tangible-Equity : 16.45% (As of Dec. 2023)


View and export this data going back to 2023. Start your Free Trial

What is Daythree Digital Bhd 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. Daythree Digital Bhd's annualized net income for the quarter that ended in Dec. 2023 was RM7.57 Mil. Daythree Digital Bhd's average shareholder tangible equity for the quarter that ended in Dec. 2023 was RM46.05 Mil. Therefore, Daythree Digital Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 16.45%.

The historical rank and industry rank for Daythree Digital Bhd's Return-on-Tangible-Equity or its related term are showing as below:

XKLS:0281' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 16.45   Med: 24.68   Max: 40.61
Current: 16.45

During the past 5 years, Daythree Digital Bhd's highest Return-on-Tangible-Equity was 40.61%. The lowest was 16.45%. And the median was 24.68%.

XKLS:0281's Return-on-Tangible-Equity is ranked better than
64.37% of 2380 companies
in the Software industry
Industry Median: 7.83 vs XKLS:0281: 16.45

Daythree Digital Bhd Return-on-Tangible-Equity Historical Data

The historical data trend for Daythree Digital Bhd'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.

* Premium members only.

Daythree Digital Bhd Return-on-Tangible-Equity Chart

Daythree Digital Bhd Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
24.68 32.52 40.61 22.84 16.45

Daythree Digital Bhd Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity 24.68 32.52 40.61 22.84 16.45

Competitive Comparison of Daythree Digital Bhd's Return-on-Tangible-Equity

For the Information Technology Services subindustry, Daythree Digital Bhd'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.


Daythree Digital Bhd's Return-on-Tangible-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Daythree Digital Bhd's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Daythree Digital Bhd's Return-on-Tangible-Equity falls into.



Daythree Digital Bhd Return-on-Tangible-Equity Calculation

Daythree Digital Bhd's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=7.574/( (26.474+65.62 )/ 2 )
=7.574/46.047
=16.45 %

Daythree Digital Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Dec. 2022 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Dec. 2022 )(Q: Dec. 2023 )
=7.574/( (26.474+65.62)/ 2 )
=7.574/46.047
=16.45 %

* 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 one times the annual (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Daythree Digital Bhd  (XKLS:0281) 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.


Daythree Digital Bhd Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Daythree Digital Bhd's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Daythree Digital Bhd (XKLS:0281) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Pengaturcara U1/51A, Level 8, Tower 7, UOA Business Park 1, Seksyen U1, Shah Alam, SGR, MYS, 40150
Daythree Digital Bhd is principally an investment holding company. Through its subsidiaries, it is a GBS service provider focusing on CX lifecycle management services enabled by in-house developed digital tools. Its services involve the setting up of contact centers to facilitate communications between its Clients and their Customers. These include the acquisition of Customers (where the Client establishes contact with a new Customer with the hope of converting from a prospect into a paying Customer) to after-sales customer support and care services such as responding to inquiries and technical support.

Daythree Digital Bhd (XKLS:0281) Headlines

No Headlines