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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. Dell-VMWare Tracking Stock's annualized net income for the quarter that ended in Oct. 2018 was €939.60 Mil. Dell-VMWare Tracking Stock's average shareholder tangible equity for the quarter that ended in Oct. 2018 was €7,434.78 Mil. Therefore, Dell-VMWare Tracking Stock's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2018 was 12.64%.
The historical rank and industry rank for Dell-VMWare Tracking Stock's Return-on-Tangible-Equity or its related term are showing as below:
XTER:12D'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.35 Med: 4.35 Max: 9.35
Current: 9.35
During the past 2 years, Dell-VMWare Tracking Stock's highest Return-on-Tangible-Equity was 9.35%. The lowest was 4.35%. And the median was 4.35%.
XTER:12D's Return-on-Tangible-Equity is not ranked
in the Software industry.
Industry Median: 8.82
vs XTER:12D: 9.35
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.
Dell-VMWare Tracking Stock Return-on-Tangible-Equity Related Terms
Dell-VMWare Tracking Stock 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.
XTER:12D vs CA, CTXS, PAGS: Return-on-Tangible-Equity Comparison
For the Software - Infrastructure subindustry, Dell-VMWare Tracking Stock'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.
Dell-VMWare Tracking Stock Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Dell-VMWare Tracking Stock's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Dell-VMWare Tracking Stock'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 (Oct. 2018) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.64% mean?
Dell-VMWare Tracking Stock (XTER:12D) has a Return-on-Tangible-Equity of 12.64% as of Oct. 2018. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Dell-VMWare Tracking Stock and its competitors. This is 191% above median its historical median of 4.35. Over the past decade, Dell-VMWare Tracking Stock's Return-on-Tangible-Equity has ranged from 4.35 to 9.35.
Is Dell-VMWare Tracking Stock's Return-on-Tangible-Equity too high?
Dell-VMWare Tracking Stock's current Return-on-Tangible-Equity of 12.64% is 191% above median its 10-year median of 4.35. Over the past 10 years, this metric has ranged from a low of 4.35 to a high of 9.35. The Software industry median Return-on-Tangible-Equity is 8.82. Dell-VMWare Tracking Stock's value of 12.64% is 43.3% above this industry median.
How does Dell-VMWare Tracking Stock's Return-on-Tangible-Equity compare to CA and CTXS?
Dell-VMWare Tracking Stock's Return-on-Tangible-Equity of 12.64% can be compared against companies in the Software industry. The industry median Return-on-Tangible-Equity is 8.82. Dell-VMWare Tracking Stock's value of 12.64% is 43.3% above this benchmark. Historically, Dell-VMWare Tracking Stock's own Return-on-Tangible-Equity has ranged from 4.35 to 9.35 over the past decade. While the company's 10-year median is 4.35 vs. the industry median of 8.82, Dell-VMWare Tracking Stock has consistently been above the industry average. 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.82, based on 2,476 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. Dell-VMWare Tracking Stock's current Return-on-Tangible-Equity of 12.64% is 43.3% above 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 Dell-VMWare Tracking Stock and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dell-VMWare Tracking Stock's current Return-on-Tangible-Equity is 12.64%, which is 191% above median its own 10-year median of 4.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dell-VMWare Tracking Stock stock overvalued right now?
Dell-VMWare Tracking Stock (XTER:12D) has a current Return-on-Tangible-Equity of 12.64%. The current Return-on-Tangible-Equity is 12.64%, which is 191% above median its 10-year median of 4.35 and 43.3% above the Software industry median of 8.82. 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 Dell-VMWare Tracking Stock (XTER:12D), the current Return-on-Tangible-Equity is 12.64% as of Oct. 2018. 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.
Dell-VMWare Tracking Stock was incorporated in the state of Delaware on January 31, 2013 under the name of Denali Holding Inc. It changed its name to Dell Technologies Inc. on August 25, 2016. On September 7, 2016, a merger subsidiary of Dell Technologies merged with and into EMC Corporation, with EMC Corporation surviving the merger as a wholly-owned subsidiary of Dell Technologies. The company has issued a tracking stock to track the performance of a portion of Dell Technologies' economic interest in the VMware business. It is an information technology company. The company offers virtualization and cloud infrastructure solutions, which enable organizations to manage IT resources across complex multi-cloud, multi-device environments.
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