Return on Tangible Equity (Quarterly)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

AVANOS MEDICAL, INC. (AVNS) had Return on Tangible Equity of 2.14% for the most recently reported fiscal quarter, ending 2024-06-30.

Quarterly Annual

Figures for fiscal quarter ending 2024-06-30

Income Statement Financials
Revenue	$171.70M
Net Income	$1.80M
Cost of Goods Sold	$76.10M
Gross Profit	$95.60M
Operating Expenses	$165.40M
Operating Income	$6.30M
Non-Operating Income/Expense	$-0.10M
Pre-Tax Income	$6.20M
Normalized Pre-Tax Income	$6.20M
Income after Taxes	$4.30M
Income from Continuous Operations	$4.30M
Consolidated Net Income/Loss	$1.80M
Normalized Income after Taxes	$4.30M
EBIT	$6.30M
EBITDA	$17.60M
Weighted-Average Shares Outstanding (Basic)	45.90M
Weighted-Average Shares Outstanding (Diluted)	46.30M
Earnings per Share (EPS) (Basic)	$0.04
Earnings per Share (EPS) (Diluted)	$0.04
Balance Sheet Financials
Current Assets	$474.10M
Property, Plant, and Equipment	$110.70M
Long-Term Assets	$1.18B
Total Assets	$1.66B
Current Liabilities	$208.20M
Long-Term Debt	$164.90M
Long-Term Liabilities	$227.60M
Total Liabilities	$435.80M
Common Equity	$1.22B
Tangible Shareholders Equity	$201.40M
Shareholders Equity	$1.22B
Common Shares Outstanding	45.91M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$19.80M
Cash Flow from Investing Activities	$-7.90M
Cash Flow from Financial Activities	$-5.70M
Beginning Cash	$87.70M
End Cash	$92.20M
Increase/Decrease in Cash	$4.50M
Stock-Based Compensation	$7.40M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	2.28
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.12
Debt to Equity Ratio	0.14
Gross Margin	55.68%
Operating Margin	3.67%
EBIT Margin	3.67%
EBITDA Margin	--
Pre-Tax Profit Margin	3.61%
Profit Margin	1.05%
Free Cash Flow	$9.80M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.10
Inventory Turnover	0.46
Receiveable Turnover	1.40
Days Sales in Receivables	64.47
Return on Equity	0.35%
Return on Tangible Equity	2.14%
Return on Assets	0.26%
Return on Investments	0.31%
Book Value Per Share	$26.62
Free Cash Flow per Share	$0.21
Operating Cash Flow per Share	$0.43

Data from Zacks Investment Research, Inc.