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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. Phibro Animal Health's annualized net income for the quarter that ended in Mar. 2024 was $33.6 Mil. Phibro Animal Health's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $166.2 Mil. Therefore, Phibro Animal Health's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 20.23%.
The historical rank and industry rank for Phibro Animal Health's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Phibro Animal Health's highest Return-on-Tangible-Equity was 157.91%. The lowest was 7.87%. And the median was 44.33%.
The historical data trend for Phibro Animal Health'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.
Phibro Animal Health Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 44.33 | 32.62 | 57.83 | 36.57 | 20.40 |
Phibro Animal Health Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 25.24 | 27.34 | -18.76 | 3.06 | 20.23 |
For the Drug Manufacturers - Specialty & Generic subindustry, Phibro Animal Health'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.
For the Drug Manufacturers industry and Healthcare sector, Phibro Animal Health's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Phibro Animal Health's Return-on-Tangible-Equity falls into.
Phibro Animal Health's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Jun. 2023 ) | (A: Jun. 2022 ) | (A: Jun. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Jun. 2023 ) | (A: Jun. 2022 ) | (A: Jun. 2023 ) | |||||
= | 32.606 | / | ( (145.355 | + | 174.248 ) | / 2 ) | |
= | 32.606 | / | 159.8015 | ||||
= | 20.40 % |
Phibro Animal Health's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 33.62 | / | ( (165.158 | + | 167.211) | / 2 ) | |
= | 33.62 | / | 166.1845 | ||||
= | 20.23 % |
* 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.
Phibro Animal Health (NAS:PAHC) 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.
Thank you for viewing the detailed overview of Phibro Animal Health's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Judith Weinstein | officer: See Remarks | C/O PHIBRO ANIMAL HEALTH CORP, 300 FRANK W. BURR BOULEVARD, STE 21, TEANECK NJ 07666 |
Alejandro Bernal | director | C/O ZOETIS INC., 10 SYLVAN WAY, PARSIPPANY NJ 07054 |
E Thomas Corcoran | director | |
Larry Lee Miller | officer: Chief Operating Officer | 8 HAZELWOOD COURT, WARREN NJ 07059 |
Damian Finio | officer: Chief Financial Officer | C/O IGI LABORATORIES, INC., 105 LINCOLN AVENUE, BUENA NJ 08310 |
Robin Aukerman | officer: President,North America Region | C/O PHIBRO, GLENPOINTE CENTRE EAST, 3RD FL, 300 FRANK W. BURR BLVD, STE 21, TEANECK NJ 07666 |
Daniel M Bendheim | director, officer: Exec. VP, Corporate Strategy | 300 FRANK W. BURR BOULEVARD, SUITE 21, TEANECK NJ 07666 |
Dean J Warras | officer: Pres Animal Health & Nutr N.A. | 5113 SPYGLASS HILL, QUINCY IL 62305 |
Jack Bendheim | director, 10 percent owner, officer: President and CEO | C/O EMPIRE RESOURCES, INC., 1 PARKER PLAZA, SUIET 10, FORT LEE NJ 07024 |
Bfi Co., Llc | 10 percent owner | 300 FRANK W. BURR BLVD., STE 21, TEANECK NJ 07666 |
Jonathan Bendheim | director | GLENPOINTE CENTRE EAST, 3RD FLOOR, 300 FRANK W. BURR BLVD. SUITE 21, TEANECK NJ 07666 |
Anthony Andolino | officer: SEE REMARKS | GLENPOINTE CENTRE EAST, 3RD FLOOR, 300 FRANK W. BURR BLVD., STE 21, TEANECK NJ 07666 |
Richard G Johnson | officer: Chief Financial Officer | 7 WEST 96TH STREET, APT. 11C, NEW YORK NY 10025 |
Gerald K Carlson | director | 2496 OLD BEACH ROAD, WAYZATA MN 55391 |
Thomas G Dagger | officer: SVP, Gen Counsel and Corp Sec | 41 WILCOX DRIVE, MOUNTAIN LAKES NJ 07046 |
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