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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. Bassett Furniture Industries's annualized net income for the quarter that ended in Nov. 2023 was $-16.4 Mil. Bassett Furniture Industries's average shareholder tangible equity for the quarter that ended in Nov. 2023 was $167.3 Mil. Therefore, Bassett Furniture Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2023 was -9.81%.
The historical rank and industry rank for Bassett Furniture Industries's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Bassett Furniture Industries's highest Return-on-Tangible-Equity was 41.73%. The lowest was -7.27%. And the median was 7.88%.
The historical data trend for Bassett Furniture 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.
For the Furnishings, Fixtures & Appliances subindustry, Bassett Furniture 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.
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Bassett Furniture Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bassett Furniture Industries's Return-on-Tangible-Equity falls into.
Bassett Furniture Industries's annualized Return-on-Tangible-Equity for the fiscal year that ended in Nov. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Nov. 2023 ) | (A: Nov. 2022 ) | (A: Nov. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Nov. 2023 ) | (A: Nov. 2022 ) | (A: Nov. 2023 ) | |||||
= | -3.171 | / | ( (173.882 | + | 167.374 ) | / 2 ) | |
= | -3.171 | / | 170.628 | ||||
= | -1.86 % |
Bassett Furniture Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Nov. 2023 ) | (Q: Aug. 2023 ) | (Q: Nov. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Nov. 2023 ) | (Q: Aug. 2023 ) | (Q: Nov. 2023 ) | |||||
= | -16.404 | / | ( (167.23 | + | 167.374) | / 2 ) | |
= | -16.404 | / | 167.302 | ||||
= | -9.81 % |
* 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 (Nov. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Bassett Furniture Industries (NAS:BSET) 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.
Thank you for viewing the detailed overview of Bassett Furniture Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Spilman Robert H Jr | director, officer: Pres & Chief Executive Officer | C/O BASSETT FURNITURE INDUSTRIES INC, PO BOX 626, BASSETT VA 24055 |
John Michael Daniel | officer: V P, Chief Accounting Officer | P O BOX 626, 3525 FAIRYSTONE PARK HWY, BASSETT VA 24055 |
Warden William C Jr | director | PO BOX 2328, HICKORY NC 28603-2328 |
David C Baker | officer: SVP, Corporate Retail | 1012 SHERATON, COURT, MARTINSVILLE VA 24112 |
Emma S. Battle | director | 101 NORTH CHERRY STREET, SUITE 501, WINSTON SALEM NC 27101 |
Virginia W. Hamlet | director | P.O. BOX 626, BASSETT VA 24055 |
Wampler William C Jr | director | 510 CUMBERLAND STREET, BRISTOL VA 24201-4387 |
Bassett John E Iii | officer: vice President Global Sourcing | C/O BASSETT FURNITURE INDUSTRIES INC, PO BOX 626, BASSETT VA 24055 |
John R Belk | director | BELK INC, 2801 WEST TYVOLA ROAD, CHARLOTTE NC 28217-4500 |
Stefanie Jane Lucas | officer: SVP, Chief Merchandising Offic | P.O. BOX 626, BASSETT VA 24055 |
Kara Ann Kelchner-strong | officer: SVP, Customer Experience Offic | P.O. BOX 626, BASSETT VA 24055 |
Mark S Jordan | officer: Vice President Upholstery | BASSETT FURNITURE INDUSTRIES INC, PO BOX 626, BASSETT VA 24055 |
Jay R Hervey | officer: Vice Pres Sec & Gen Counsel | |
Bruce Cohenour | officer: SR VP/SALES & MERCHANDISING | HOOKER FURNITURE CORPORATION, 440 EAST COMMONWEALTH BLVD, MARTINSVILLE VA 24112 |
Kristina K Cashman | director |
From GuruFocus
By Marketwired 12-04-2020
By Marketwired 10-07-2021
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