What is SINTX Technologies 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. SINTX Technologies's annualized net income for the quarter that ended in Mar. 2024 was $-3.54 Mil. SINTX Technologies's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $9.33 Mil. Therefore, SINTX Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -37.99%.
The historical rank and industry rank for SINTX Technologies's Return-on-Tangible-Equity or its related term are showing as below:
SINT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5098.51 Med: -114.48 Max: -43.37
Current: -74.98
During the past 13 years, SINTX Technologies's highest Return-on-Tangible-Equity was -43.37%. The lowest was -5,098.51%. And the median was -114.48%.
SINT's Return-on-Tangible-Equity is ranked worse than 80% of 760
companies
in the Medical Devices & Instruments industry
Industry Median: 1.32
vs SINT: -74.98
SINTX Technologies Return-on-Tangible-Equity Historical Data
The historical data trend for SINTX Technologies'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 SINTX Technologies's Return-on-Tangible-Equity
For the Medical Devices subindustry, SINTX Technologies'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.
SINTX Technologies's Return-on-Tangible-Equity Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, SINTX Technologies's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SINTX Technologies's Return-on-Tangible-Equity falls into.
* 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.
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.
SINTX Technologies Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of SINTX Technologies's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
SINTX Technologies (SINTX Technologies) Business Description
SINTX Technologies Inc is a commercial biomaterial company engaged in using its silicon nitride technology platform to develop, manufacture, and sell a range of medical devices. The company derives product revenue primarily from the manufacture and sale of spinal fusion products used in the treatment of spine disorders. It produces silicon nitride for use in commercial products and product candidates in the forms of Solid Silicon Nitride, Porous Silicon Nitride, and Silicon Nitride Powder, among others. It is also engaged in developing wear-and corrosion-resistant implant components for hip and knee arthroplasty.
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