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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. Inner East Community Finance's annualized net income for the quarter that ended in Jun. 2024 was A$-1.10 Mil. Inner East Community Finance's average shareholder tangible equity for the quarter that ended in Jun. 2024 was A$5.00 Mil. Therefore, Inner East Community Finance's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was -22.03%.
The historical rank and industry rank for Inner East Community Finance's Return-on-Tangible-Equity or its related term are showing as below:
XNEC:IEC's Return-on-Tangible-Equity is not ranked *
in the Construction industry.
Industry Median: 8.21 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Inner East Community Finance (XNEC:IEC) 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.
Inner East Community Finance Return-on-Tangible-Equity Related Terms
Inner East Community Finance Return-on-Tangible-Equity Historical Data
* 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.
Inner East Community Finance Return-on-Tangible-Equity Chart
XNEC:IEC vs PWR, EME, FIX: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Inner East Community Finance'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.
Inner East Community Finance Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Inner East Community Finance's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Inner East Community Finance'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 two times the semi-annual (Jun. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -22.03% mean?
Inner East Community Finance (XNEC:IEC) has a Return-on-Tangible-Equity of -22.03% as of Jun. 2024. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Inner East Community Finance and its competitors.
Is Inner East Community Finance's Return-on-Tangible-Equity too high?
Inner East Community Finance's current Return-on-Tangible-Equity is -22.03%. Overall, Inner East Community Finance has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Inner East Community Finance's Return-on-Tangible-Equity compare to PWR and EME?
Inner East Community Finance's Return-on-Tangible-Equity of -22.03% can be compared against companies in the Construction industry. The industry median Return-on-Tangible-Equity is 8.21. 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 a Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,710 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. 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 Inner East Community Finance and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inner East Community Finance's current Return-on-Tangible-Equity is -22.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inner East Community Finance stock overvalued right now?
Inner East Community Finance (XNEC:IEC) has a current Return-on-Tangible-Equity of -22.03%. The current Return-on-Tangible-Equity is -22.03%. Inner East Community Finance's overall GF Score™ is 17/100. 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 Inner East Community Finance (XNEC:IEC), the current Return-on-Tangible-Equity is -22.03% as of Jun. 2024. 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.
Inner East Community Finance Ltd is engaged in providing community bank branch services under management rights to operate four franchised branches of Bendigo and Adelaide Bank Limited in Canterbury, Surrey Hills, Ashburton, and Balwyn, Victoria. The company focuses on delivering banking and social enterprise services, while maximising profits and returning shareholder value. It offers traditional banking products and services such as home loans, credit cards, accounts, insurance, personal and business loans, etc, and directs a substantial portion of its profits back into the local community through grants and sponsorships.
17GF Score
Get the complete analysis for XNEC:IEC
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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