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. JOST Werke SE's annualized net income for the quarter that ended in Dec. 2023 was €-25 Mil. JOST Werke SE's average shareholder tangible equity for the quarter that ended in Dec. 2023 was €65 Mil. Therefore, JOST Werke SE's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -37.87%.
The historical rank and industry rank for JOST Werke SE's Return-on-Tangible-Equity or its related term are showing as below:
XTER:JST'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 54.04 Med: 106.41 Max: 425.42
Current: 86.52
During the past 10 years, JOST Werke SE's highest Return-on-Tangible-Equity was 425.42%. The lowest was 54.04%. And the median was 106.41%.
XTER:JST's Return-on-Tangible-Equity is ranked better than 95.36% of 1249
companies
in the Vehicles & Parts industry
Industry Median: 8.33
vs XTER:JST: 86.52
JOST Werke SE Return-on-Tangible-Equity Historical Data
The historical data trend for JOST Werke SE'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 JOST Werke SE's Return-on-Tangible-Equity
For the Auto Parts subindustry, JOST Werke SE'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.
JOST Werke SE's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, JOST Werke SE's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where JOST Werke SE's Return-on-Tangible-Equity falls into.
JOST Werke SE Return-on-Tangible-Equity Calculation
JOST Werke SE'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 four times the quarterly (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
JOST Werke SE (XTER:JST) 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.
JOST Werke SE Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of JOST Werke SE's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
JOST Werke SE is a producer and supplier of safety-critical systems to the truck and trailer industry. The company's business segments are Asia, the Pacific and Africa, Europe, and North America. Its products are used in two business lines; Transport includes products and systems for trucks and trailers that provide the interface connecting the truck to the trailer, and it even sells wheel couplings, landing gears, king pins, and ball bearing turntables, and Agriculture includes products like agricultural front loaders for tractors, various implements for front loaders, and subframes, and it even sells towing hitches, drawbars, towing eyes and ladders under the brand name Rockinger.
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