What is Comet Holding AG 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. Comet Holding AG's annualized net income for the quarter that ended in Dec. 2023 was CHF26.9 Mil. Comet Holding AG's average shareholder tangible equity for the quarter that ended in Dec. 2023 was CHF258.7 Mil. Therefore, Comet Holding AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 10.40%.
The historical rank and industry rank for Comet Holding AG's Return-on-Tangible-Equity or its related term are showing as below:
XSWX:COTN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.57 Med: 20.1 Max: 33.3
Current: 5.7
During the past 13 years, Comet Holding AG's highest Return-on-Tangible-Equity was 33.30%. The lowest was 5.57%. And the median was 20.10%.
XSWX:COTN's Return-on-Tangible-Equity is ranked better than 50.59% of 2368
companies
in the Hardware industry
Industry Median: 5.595
vs XSWX:COTN: 5.70
Comet Holding AG Return-on-Tangible-Equity Historical Data
The historical data trend for Comet Holding AG'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 Comet Holding AG's Return-on-Tangible-Equity
For the Scientific & Technical Instruments subindustry, Comet Holding AG'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.
Comet Holding AG's Return-on-Tangible-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Comet Holding AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Comet Holding AG's Return-on-Tangible-Equity falls into.
Comet Holding AG Return-on-Tangible-Equity Calculation
Comet Holding AG'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 two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Comet Holding AG (XSWX:COTN) 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.
Comet Holding AG Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Comet Holding AG's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Comet Holding AG is a vendor of x-ray, radio frequency (RF) power and ebeam technology. It markets its systems and services, under the Comet, Yxlon and ebeam brands. Yxlon x-ray systems for non-destructive testing are supplied to end customers in the automotive, aerospace, electronics and energy sectors. Under the Comet brand, the group builds components and modules such as x-ray sources, vacuum capacitors, RF generators and impedance matching networks, marketed to manufacturers in the automotive, aerospace, semiconductor and solar industries as well as the security sector. Under the ebeam brand, the group develops and markets compact ebeam sets for the treatment of surfaces in the food and printing industries.
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