Zecotek Photonics (Zecotek Photonics) Return-on-Tangible-Equity : Negative Tangible Equity% (As of Apr. 2020)

Zecotek Photonics Return-on-Tangible-Equity Chart

Zecotek Photonics Annual Data
	Trend	Jul10	Jul11	Jul12	Jul13	Jul14	Jul15	Jul16	Jul17	Jul18	Jul19
Return-on-Tangible-Equity		Get a 7-Day Free Trial					-	-	-	-	-

Zecotek Photonics Quarterly Data
	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20
Return-on-Tangible-Equity	Get a 7-Day Free Trial															-	-	-	-	Negative Tangible Equity

Competitive Comparison of Zecotek Photonics's Return-on-Tangible-Equity

For the Medical Devices subindustry, Zecotek Photonics'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.

Zecotek Photonics's Return-on-Tangible-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Zecotek Photonics's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Zecotek Photonics's Return-on-Tangible-Equity falls into.

Zecotek Photonics Return-on-Tangible-Equity Calculation

Zecotek Photonics's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jul. 2019 is calculated as

Zecotek Photonics's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2020 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 (Apr. 2020) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Zecotek Photonics  (OTCPK:ZMSPF) 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.

Zecotek Photonics Return-on-Tangible-Equity Related Terms

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Zecotek Photonics (Zecotek Photonics) Business Description