What is US Global Investors 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. US Global Investors's annualized net income for the quarter that ended in Mar. 2024 was $-0.14 Mil. US Global Investors's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $50.37 Mil. Therefore, US Global Investors's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -0.28%.
The historical rank and industry rank for US Global Investors's Return-on-Tangible-Equity or its related term are showing as below:
GROW'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -24.35 Med: -2.41 Max: 89.92
Current: 3.21
During the past 13 years, US Global Investors's highest Return-on-Tangible-Equity was 89.92%. The lowest was -24.35%. And the median was -2.41%.
GROW's Return-on-Tangible-Equity is ranked worse than 57.18% of 1679
companies
in the Asset Management industry
Industry Median: 5.09
vs GROW: 3.21
US Global Investors Return-on-Tangible-Equity Historical Data
The historical data trend for US Global Investors'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.
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US Global Investors Return-on-Tangible-Equity Chart
Competitive Comparison of US Global Investors's Return-on-Tangible-Equity
For the Asset Management subindustry, US Global Investors'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.
US Global Investors's Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, US Global Investors's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where US Global Investors's Return-on-Tangible-Equity falls into.
US Global Investors Return-on-Tangible-Equity Calculation
US Global Investors's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 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 (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
US Global Investors (NAS:GROW) 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.
US Global Investors Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of US Global Investors's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
US Global Investors (US Global Investors) Business Description
US Global Investors Inc is a registered investment advisory firm. The company furnishes an investment program for each of the clients it manages and determines, subject to overall supervision by the applicable board of trustees of the clients, the clients investments pursuant to an advisory agreement. US Global manages the following business segments: Investment management services; Investment management services; and Corporate Investments. It derives all its revenue from Investment management services.
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