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. Idacorp's annualized net income for the quarter that ended in Dec. 2023 was $125 Mil. Idacorp's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $2,914 Mil. Therefore, Idacorp's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 4.29%.
The historical rank and industry rank for Idacorp's Return-on-Tangible-Equity or its related term are showing as below:
IDA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.12 Med: 9.55 Max: 10.25
Current: 9.12
During the past 13 years, Idacorp's highest Return-on-Tangible-Equity was 10.25%. The lowest was 9.12%. And the median was 9.55%.
IDA's Return-on-Tangible-Equity is ranked worse than 57.48% of 508
companies
in the Utilities - Regulated industry
Industry Median: 10.785
vs IDA: 9.12
Idacorp Return-on-Tangible-Equity Historical Data
The historical data trend for Idacorp'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 Idacorp's Return-on-Tangible-Equity
For the Utilities - Regulated Electric subindustry, Idacorp'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.
Idacorp's Return-on-Tangible-Equity Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Idacorp's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Idacorp's Return-on-Tangible-Equity falls into.
Idacorp Return-on-Tangible-Equity Calculation
Idacorp'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.
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.
Idacorp Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Idacorp's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Idacorp Inc is a holding company that, through its subsidiaries, acts as an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. To do this, Idacorp owns and operates a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants located across the Northwestern United States. The company's hydroelectric and coal-fired plants are responsible for Majority of its total energy production. Idacorp mainly generates revenue from the sale of electricity to retail and wholesale customers. The Majority of the company's customers are residential consumers living in the Northwestern United States, while commercial and industrial consumers also represent important revenue streams.
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