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Techtronic Industries Co (Techtronic Industries Co) Return-on-Tangible-Equity : 26.00% (As of Dec. 2023)


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What is Techtronic Industries Co 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. Techtronic Industries Co's annualized net income for the quarter that ended in Dec. 2023 was $1,001 Mil. Techtronic Industries Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $3,850 Mil. Therefore, Techtronic Industries Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 26.00%.

The historical rank and industry rank for Techtronic Industries Co's Return-on-Tangible-Equity or its related term are showing as below:

TTNDY' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 26.23   Med: 32.85   Max: 37
Current: 26.23

During the past 13 years, Techtronic Industries Co's highest Return-on-Tangible-Equity was 37.00%. The lowest was 26.23%. And the median was 32.85%.

TTNDY's Return-on-Tangible-Equity is ranked better than
88.75% of 2924 companies
in the Industrial Products industry
Industry Median: 7.89 vs TTNDY: 26.23

Techtronic Industries Co Return-on-Tangible-Equity Historical Data

The historical data trend for Techtronic Industries Co'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.

Techtronic Industries Co Return-on-Tangible-Equity Chart

Techtronic Industries Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.72 33.31 36.90 31.78 26.65

Techtronic Industries Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.79 34.14 28.69 25.93 26.00

Competitive Comparison of Techtronic Industries Co's Return-on-Tangible-Equity

For the Tools & Accessories subindustry, Techtronic Industries Co'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.


Techtronic Industries Co's Return-on-Tangible-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Techtronic Industries Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Techtronic Industries Co's Return-on-Tangible-Equity falls into.



Techtronic Industries Co Return-on-Tangible-Equity Calculation

Techtronic Industries Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=976.34/( (3482.794+3844.834 )/ 2 )
=976.34/3663.814
=26.65 %

Techtronic Industries Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=1001.122/( (3855.668+3844.834)/ 2 )
=1001.122/3850.251
=26.00 %

* 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 two times the semi-annual (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Techtronic Industries Co  (OTCPK:TTNDY) 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.


Techtronic Industries Co Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Techtronic Industries Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Techtronic Industries Co (Techtronic Industries Co) Business Description

Traded in Other Exchanges
Address
51 Kwai Cheong Road, 29th Floor, Tower 2, Kowloon Commerce Centre, Kwai Chung, New Territories, Hong Kong, HKG
Techtronic Industries Co Ltd is a designer and manufacturer of power tools. It operates in two segments namely Power Equipment and Floorcare and Cleaning. The company generates maximum revenue from the Power Equipment segment. Its Power Equipment segment includes sales of power tools, power tool accessories, outdoor products, and outdoor product accessories for consumer, trade, professional and industrial users. The products are available under the MILWAUKEE, EMPIRE, AEG, RYOBI and HOMELITE brands plus original equipment manufacturer (OEM) customers. Geographically, it derives a majority of its revenue from North America.

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