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Dell-VMWare Tracking Stock (XTER:12D) Return-on-Tangible-Equity : 12.64% (As of Oct. 2018)


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What is Dell-VMWare Tracking Stock 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. 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: 7.88 vs XTER:12D: 9.35

Dell-VMWare Tracking Stock Return-on-Tangible-Equity Historical Data

The historical data trend for Dell-VMWare Tracking Stock'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.

Dell-VMWare Tracking Stock Return-on-Tangible-Equity Chart

Dell-VMWare Tracking Stock Annual Data
Trend Jan17 Jan18
Return-on-Tangible-Equity
- 6.58

Dell-VMWare Tracking Stock Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only 18.52 -23.23 43.12 26.30 12.64

Competitive Comparison of Dell-VMWare Tracking Stock's Return-on-Tangible-Equity

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's Return-on-Tangible-Equity Distribution in the 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.



Dell-VMWare Tracking Stock Return-on-Tangible-Equity Calculation

Dell-VMWare Tracking Stock's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2018 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jan. 2018 )  (A: Jan. 2017 )(A: Jan. 2018 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jan. 2018 )  (A: Jan. 2017 )(A: Jan. 2018 )
=381.3/( (6367.56+5221.76 )/ 2 )
=381.3/5794.66
=6.58 %

Dell-VMWare Tracking Stock's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2018 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Oct. 2018 )  (Q: Jul. 2018 )(Q: Oct. 2018 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Oct. 2018 )  (Q: Jul. 2018 )(Q: Oct. 2018 )
=939.6/( (7210.944+7658.61)/ 2 )
=939.6/7434.777
=12.64 %

* 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.


Dell-VMWare Tracking Stock  (XTER:12D) 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.


Dell-VMWare Tracking Stock Return-on-Tangible-Equity Related Terms

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Dell-VMWare Tracking Stock (XTER:12D) Business Description

Traded in Other Exchanges
N/A
Address
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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