What is Hawaiian Electric Industries 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. Hawaiian Electric Industries's annualized net income for the quarter that ended in Dec. 2023 was $197 Mil. Hawaiian Electric Industries's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $2,202 Mil. Therefore, Hawaiian Electric Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 8.95%.
The historical rank and industry rank for Hawaiian Electric Industries's Return-on-Tangible-Equity or its related term are showing as below:
HE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.36 Med: 10.05 Max: 13.06
Current: 9.27
During the past 13 years, Hawaiian Electric Industries's highest Return-on-Tangible-Equity was 13.06%. The lowest was 8.36%. And the median was 10.05%.
HE's Return-on-Tangible-Equity is ranked worse than 56.92% of 506
companies
in the Utilities - Regulated industry
Industry Median: 10.795
vs HE: 9.27
Hawaiian Electric Industries Return-on-Tangible-Equity Historical Data
* 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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Hawaiian Electric Industries Return-on-Tangible-Equity Chart
Competitive Comparison of Hawaiian Electric Industries's Return-on-Tangible-Equity
For the Utilities - Regulated Electric subindustry, Hawaiian Electric Industries'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.
Hawaiian Electric Industries's Return-on-Tangible-Equity Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hawaiian Electric Industries's Return-on-Tangible-Equity falls into.
Hawaiian Electric Industries Return-on-Tangible-Equity Calculation
Hawaiian Electric Industries'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.
Hawaiian Electric Industries (NYSE:HE) 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.
Hawaiian Electric Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Hawaiian Electric Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Hawaiian Electric Industries (Hawaiian Electric Industries) Business Description
Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and Hawaii's American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai. Nearly 40% of electricity in its service territory comes from renewable energy; this portion is growing rapidly as the state has set a goal of 100% by 2045.
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