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. LCI Industries's annualized net income for the quarter that ended in Mar. 2024 was $146 Mil. LCI Industries's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $327 Mil. Therefore, LCI Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 44.77%.
The historical rank and industry rank for LCI Industries's Return-on-Tangible-Equity or its related term are showing as below:
LCII'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 20.47 Med: 41.39 Max: 921.49
Current: 29.32
During the past 13 years, LCI Industries's highest Return-on-Tangible-Equity was 921.49%. The lowest was 20.47%. And the median was 41.39%.
LCII's Return-on-Tangible-Equity is ranked better than 88.84% of 1246
companies
in the Vehicles & Parts industry
Industry Median: 8.57
vs LCII: 29.32
LCI Industries Return-on-Tangible-Equity Historical Data
The historical data trend for LCI Industries'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 LCI Industries's Return-on-Tangible-Equity
For the Recreational Vehicles subindustry, LCI Industries'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.
LCI Industries's Return-on-Tangible-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, LCI Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where LCI Industries'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.
LCI Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of LCI Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
LCI Industries (LCI Industries) Business Description
LCI Industries Inc supplies domestically and internationally components for the original equipment manufacturers of recreational vehicles and adjacent industries including buses; trailers used to haul boats, livestock, equipment and other cargo. It has two reportable segments the original equipment manufacturers segment and the aftermarket segment. The OEM Segment manufactures or distributes components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing. Its products are sold primarily to major manufacturers of RVs such as Thor Industries, Forest River, Winnebago and other RV OEMs, and to manufacturers in adjacent industries.
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