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. Omnia Holdings's annualized net income for the quarter that ended in Sep. 2023 was R968 Mil. Omnia Holdings's average shareholder tangible equity for the quarter that ended in Sep. 2023 was R10,134 Mil. Therefore, Omnia Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 9.55%.
The historical rank and industry rank for Omnia Holdings's Return-on-Tangible-Equity or its related term are showing as below:
JSE:OMN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.7 Med: 10.9 Max: 20.29
Current: 11
During the past 13 years, Omnia Holdings's highest Return-on-Tangible-Equity was 20.29%. The lowest was -7.70%. And the median was 10.90%.
JSE:OMN's Return-on-Tangible-Equity is ranked better than 60.98% of 510
companies
in the Conglomerates industry
Industry Median: 7.445
vs JSE:OMN: 11.00
Omnia Holdings Return-on-Tangible-Equity Historical Data
The historical data trend for Omnia Holdings'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 Omnia Holdings's Return-on-Tangible-Equity
For the Conglomerates subindustry, Omnia Holdings'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.
Omnia Holdings's Return-on-Tangible-Equity Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Omnia Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Omnia Holdings's Return-on-Tangible-Equity falls into.
Omnia Holdings Return-on-Tangible-Equity Calculation
Omnia Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 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 two times the semi-annual (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Omnia Holdings (JSE:OMN) 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.
Omnia Holdings Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Omnia Holdings's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Omnia Holdings Ltd is a holding company that, through its subsidiaries, manufactures and sells a variety of chemicals and chemical-based products. The firm's three segments are based on the end customer. The mining segment sells explosives and mining accessories to the mining, quarrying, and construction industries. The agriculture segment which generates the majority of revenue sells fertilizers and nutrients to the agricultural industry. The chemicals segment sells chemicals used to treat drinking water as well as chemicals used to produce renewable energy materials and animal nutrition products. The vast majority of revenue comes from Africa.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
JSE:OMN has been successfully added to your 