What is Samsonite International 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. Samsonite International's annualized net income for the quarter that ended in Dec. 2023 was €547 Mil. Samsonite International's average shareholder tangible equity for the quarter that ended in Dec. 2023 was €-875 Mil. Therefore, Samsonite International's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was Negative Tangible Equity%.
The historical rank and industry rank for Samsonite International's Return-on-Tangible-Equity or its related term are showing as below:
FRA:1SO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 67.9 Med: 71.05 Max: 74.19
Current: Negative Tangible Equity
During the past 13 years, Samsonite International's highest Return-on-Tangible-Equity was 74.19%. The lowest was 67.90%. And the median was 71.05%.
FRA:1SO's Return-on-Tangible-Equity is ranked better than 99.9% of 1015
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.79
vs FRA:1SO: Negative Tangible Equity
Samsonite International Return-on-Tangible-Equity Historical Data
The historical data trend for Samsonite International'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.
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Samsonite International Return-on-Tangible-Equity Chart
Competitive Comparison of Samsonite International's Return-on-Tangible-Equity
For the Footwear & Accessories subindustry, Samsonite International'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.
Samsonite International's Return-on-Tangible-Equity Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Samsonite International's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Samsonite International's Return-on-Tangible-Equity falls into.
Samsonite International Return-on-Tangible-Equity Calculation
Samsonite International's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Samsonite International (FRA:1SO) 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.
Samsonite International Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Samsonite International's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Samsonite International (FRA:1SO) Business Description
Samsonite is the world's largest luggage company with a 19.5% market share in 2018. The company produces and sells travel luggage under various brands targeting the mid-market to high-end consumers. The group's key brand is Samsonite, whose market presence is well established, followed by Tumi, the high-end brand acquired in 2016, which alongside mass-market brand American Tourister, are the next largest earnings contributors. The majority of its products are manufactured by third parties, but Samsonite does produce its own select proprietary materials. Except for Tumi, most of its products are sold to retailers, but the acquisition of online retailer eBags in early 2017 is boosting its online sales channel direct to consumers.
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