What is Abaxx Technologies 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. Abaxx Technologies's annualized net income for the quarter that ended in Mar. 2024 was $-33.93 Mil. Abaxx Technologies's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $41.15 Mil. Therefore, Abaxx Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -82.46%.
The historical rank and industry rank for Abaxx Technologies's Return-on-Tangible-Equity or its related term are showing as below:
ABXXF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -885.47 Med: -75.01 Max: -30.35
Current: -42.88
During the past 5 years, Abaxx Technologies's highest Return-on-Tangible-Equity was -30.35%. The lowest was -885.47%. And the median was -75.01%.
ABXXF's Return-on-Tangible-Equity is ranked worse than 84.27% of 2378
companies
in the Software industry
Industry Median: 8.015
vs ABXXF: -42.88
Abaxx Technologies Return-on-Tangible-Equity Historical Data
The historical data trend for Abaxx Technologies'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 Abaxx Technologies's Return-on-Tangible-Equity
For the Software - Application subindustry, Abaxx Technologies'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.
Abaxx Technologies's Return-on-Tangible-Equity Distribution in the Software Industry
For the Software industry and Technology sector, Abaxx Technologies's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Abaxx Technologies's Return-on-Tangible-Equity falls into.
* 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 (Mar. 2024) 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.
Abaxx Technologies Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Abaxx Technologies's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Abaxx Technologies (Abaxx Technologies) Business Description
Abaxx Technologies Inc is a financial technology company that is developing and deploying software tools that make communication, trade, and transactions easier and more secure. The company's initial focus is on launching Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically-settled benchmark futures contracts in the commodity markets at the center of the energy transition to an electrified, low-carbon emissions economy. Abaxx's vision is to build Smarter Markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges that everyone faces as a society, including climate change and the energy transition.
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