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. Live Ventures's annualized net income for the quarter that ended in Mar. 2024 was $-13.1 Mil. Live Ventures's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $-6.6 Mil. Therefore, Live Ventures's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was N/A%.
The historical rank and industry rank for Live Ventures's Return-on-Tangible-Equity or its related term are showing as below:
LIVE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1405.69 Med: 73.69 Max: 20616.98
Current: -1405.69
During the past 13 years, Live Ventures's highest Return-on-Tangible-Equity was 20,616.98%. The lowest was -1,405.69%. And the median was 73.69%.
LIVE's Return-on-Tangible-Equity is ranked worse than 99.62% of 1048
companies
in the Retail - Cyclical industry
Industry Median: 7.54
vs LIVE: -1405.69
Live Ventures Return-on-Tangible-Equity Historical Data
The historical data trend for Live Ventures'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 Live Ventures's Return-on-Tangible-Equity
For the Home Improvement Retail subindustry, Live Ventures'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.
Live Ventures's Return-on-Tangible-Equity Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Live Ventures's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Live Ventures's Return-on-Tangible-Equity falls into.
Live Ventures Return-on-Tangible-Equity Calculation
Live Ventures's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 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.
Live Ventures (NAS:LIVE) 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.
Live Ventures Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Live Ventures's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Live Ventures (Live Ventures) Business Description
Live Ventures Inc is a holding company for diversified businesses. It is focused on acquiring and operating profitable companies in various industries. The company operates in the business segments of Retail, which includes direct sales of entertainment and appliance products and services, Flooring Manufacturing, Steel Manufacturing, which includes the sale of steel plates, ground flat stock, and drill rods, and Corporate and Other. It derives key revenue from the Flooring Manufacturing segment which includes the manufacturing of carpets and rugs, yarn products, as well as a reseller of hard surface flooring products. Geographically the activities are carried out throughout the United States.
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