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. Shoe Carnival's annualized net income for the quarter that ended in Jan. 2024 was $62 Mil. Shoe Carnival's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $532 Mil. Therefore, Shoe Carnival's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 11.67%.
The historical rank and industry rank for Shoe Carnival's Return-on-Tangible-Equity or its related term are showing as below:
SCVL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.26 Med: 10.52 Max: 43.1
Current: 14.39
During the past 13 years, Shoe Carnival's highest Return-on-Tangible-Equity was 43.10%. The lowest was 5.26%. And the median was 10.52%.
SCVL's Return-on-Tangible-Equity is ranked better than 66.63% of 1049
companies
in the Retail - Cyclical industry
Industry Median: 7.57
vs SCVL: 14.39
Shoe Carnival Return-on-Tangible-Equity Historical Data
The historical data trend for Shoe Carnival'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 Shoe Carnival's Return-on-Tangible-Equity
For the Apparel Retail subindustry, Shoe Carnival'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.
Shoe Carnival's Return-on-Tangible-Equity Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Shoe Carnival's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shoe Carnival'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 (Jan. 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.
Shoe Carnival Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Shoe Carnival's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Shoe Carnival (Shoe Carnival) Business Description
Shoe Carnival Inc is a family footwear retailer that offers a broad assortment of dress, casual and athletic footwear for men, women, and children with an emphasis on national name brands such as Nike, Skechers, Adidas, Puma, HEYDUDE, Converse, Vans, and Crocs. It operates a retail-focused business model that aims to deliver the footwear shopping experience with the national name brands desired by its customers. Its bricks-first, omnichannel approach provides customers easy access to a wide assortment of branded footwear for work, athletics, daily activities, and special events via a choice of delivery channel.
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