GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Iconix Brand Group Inc (NAS:ICON) » Definitions » ROE %

Iconix Brand Group (Iconix Brand Group) ROE % : Negative Equity% (As of Mar. 2021)


View and export this data going back to 1990. Start your Free Trial

What is Iconix Brand Group ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Iconix Brand Group's annualized net income for the quarter that ended in Mar. 2021 was $16.8 Mil. Iconix Brand Group's average Total Stockholders Equity over the quarter that ended in Mar. 2021 was $-275.4 Mil. Therefore, Iconix Brand Group's annualized ROE % for the quarter that ended in Mar. 2021 was Negative Equity%.

The historical rank and industry rank for Iconix Brand Group's ROE % or its related term are showing as below:

ICON's ROE % is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 4.21
* Ranked among companies with meaningful ROE % only.

Iconix Brand Group ROE % Historical Data

The historical data trend for Iconix Brand Group's ROE % 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.

* Premium members only.

Iconix Brand Group ROE % Chart

Iconix Brand Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -52.04 -322.17 - - -

Iconix Brand Group Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - Negative Equity - Negative Equity

Competitive Comparison of Iconix Brand Group's ROE %

For the Apparel Manufacturing subindustry, Iconix Brand Group's ROE %, along with its competitors' market caps and ROE % 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.


Iconix Brand Group's ROE % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Iconix Brand Group's ROE % distribution charts can be found below:

* The bar in red indicates where Iconix Brand Group's ROE % falls into.



Iconix Brand Group ROE % Calculation

Iconix Brand Group's annualized ROE % for the fiscal year that ended in Dec. 2020 is calculated as

ROE %=Net Income (A: Dec. 2020 )/( (Total Stockholders Equity (A: Dec. 2019 )+Total Stockholders Equity (A: Dec. 2020 ))/ count )
=-7.365/( (-282.88+-275.193)/ 2 )
=-7.365/-279.0365
=N/A %

Iconix Brand Group's annualized ROE % for the quarter that ended in Mar. 2021 is calculated as

ROE %=Net Income (Q: Mar. 2021 )/( (Total Stockholders Equity (Q: Dec. 2020 )+Total Stockholders Equity (Q: Mar. 2021 ))/ count )
=16.752/( (-275.193+-275.58)/ 2 )
=16.752/-275.3865
=Negative Equity %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2021) net income data. ROE % is displayed in the 30-year financial page.

* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.


Iconix Brand Group  (NAS:ICON) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2021 )
=Net Income/Total Stockholders Equity
=16.752/-275.3865
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(16.752 / 94.536)*(94.536 / 407.059)*(407.059 / -275.3865)
=Net Margin %*Asset Turnover*Equity Multiplier
=17.72 %*0.2322*N/A
=ROA %*Equity Multiplier
=4.11 %*N/A
=Negative Equity %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2021 )
=Net Income/Total Stockholders Equity
=16.752/-275.3865
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (16.752 / 36.8) * (36.8 / 40.968) * (40.968 / 94.536) * (94.536 / 407.059) * (407.059 / -275.3865)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.4552 * 0.8983 * 43.34 % * 0.2322 * N/A
=Negative Equity %

Note: The net income data used here is four times the quarterly (Mar. 2021) net income data. The Revenue data used here is four times the quarterly (Mar. 2021) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Iconix Brand Group ROE % Related Terms

Thank you for viewing the detailed overview of Iconix Brand Group's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Iconix Brand Group (Iconix Brand Group) Business Description

Traded in Other Exchanges
N/A
Address
1450 Broadway, 3rd Floor, New York, NY, USA, 10018
Iconix Brand Group Inc owns a portfolio of consumer brands in the apparel and home categories. It monetizes the brands through licensing and joint ventures with retailers and wholesalers worldwide. Its retail licensees include Wal-Mart, Target, Kohl's, and Kmart/Sears. Some of the company's notable brands are Peanuts, Mossimo, Starter, Sharper Image, and London Fog. Licensees are responsible for design, manufacture, and distribution, while Iconix manages advertising and promotional campaigns. Most agreements require licensees to pay Iconix for advertising and marketing and to guarantee Iconix a minimum amount of royalty revenue.
Executives
Robert Galvin director, officer: President and CEO 78 GOLF LANE, RIDGEFIELD CT 06877
John Mcclain officer: EVP & CFO C/O THE JONES GROUP INC., 1411 BROADWAY, NEW YORK NY 10018
Jeffrey Neil Wood officer: Interim CFO 50 HOMESTEAD RD GILLETTE NJ 07933
F Peter Cuneo director, officer: Chairman and Interim CEO 10 EAST 40TH ST, NEW YORK NY 10016
John N Haugh director, officer: President and CEO 3231 S E SIXTH AVENUE, TOPEKA KS 66607
David K. Jones officer: EVP & CFO 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018
Jason Schaefer officer: EVP and General Counsel C O ICONIX BRAND GROUP INC 1450 BROADWAY 4TH FL NEW YORK NY 10018
Khosla Sanjay director THREE LAKES DRIVE, NORTHFIELD IL 60093
Kenneth Slutsky director 11400 W. OLYMPIC BOULEVARD SUITE 1400 LOS ANGELES CA 90064
Mark A Friedman director 595 NORTH STREET RYE NY 10580
Drew Cohen director C/O MUSIC THEATER INTERNATIONAL 421 WEST 54TH STREET NEW YORK NY 10019
James Marcum director 55 WENTWORTH COVE RD. LACONIA NH 03246
Sue Gove director 901 WEST WALNUT HILL LANE, MAIL STATION 6B-3, IRVING TX 75038
David Blumberg officer: EVP - Chief Strategy Officer C/O ICONIX BRAND GROUP, INC. 1450 BROADWAY, 4TH FLOOR NEW YORK NY 10018
Plc Barclays 10 percent owner 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP

Iconix Brand Group (Iconix Brand Group) Headlines

From GuruFocus