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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. The Cato's annualized net income for the quarter that ended in Jan. 2024 was $-93.7 Mil. The Cato's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $204.8 Mil. Therefore, The Cato's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was -45.73%.
The historical rank and industry rank for The Cato's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, The Cato's highest Return-on-Tangible-Equity was 16.89%. The lowest was -16.87%. And the median was 10.41%.
The historical data trend for The Cato'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.
The Cato Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 11.34 | -16.87 | 14.72 | 0.01 | -11.43 |
The Cato Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -5.19 | 7.81 | 1.99 | -10.98 | -45.73 |
For the Apparel Retail subindustry, The Cato'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 Retail - Cyclical industry and Consumer Cyclical sector, The Cato's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where The Cato's Return-on-Tangible-Equity falls into.
The Cato's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Jan. 2024 ) | (A: Jan. 2023 ) | (A: Jan. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Jan. 2024 ) | (A: Jan. 2023 ) | (A: Jan. 2024 ) | |||||
= | -23.941 | / | ( (226.593 | + | 192.321 ) | / 2 ) | |
= | -23.941 | / | 209.457 | ||||
= | -11.43 % |
The Cato's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Jan. 2024 ) | (Q: Oct. 2023 ) | (Q: Jan. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Jan. 2024 ) | (Q: Oct. 2023 ) | (Q: Jan. 2024 ) | |||||
= | -93.672 | / | ( (217.318 | + | 192.321) | / 2 ) | |
= | -93.672 | / | 204.8195 | ||||
= | -45.73 % |
* 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.
The Cato (NYSE:CATO) 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 The Cato's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Bailey W Patrick | director | |
Cato John P D | director, officer: CHAIRMAN/PRESIDENT/CEO | CATO CORP, PO BOX 34216, CHARLOTTE NC 28234 |
Audrey Schwarz | officer: Vice President, DMM | PO BOX 34216, CHARLOTTE NC 28234 |
Charles D Knight | officer: EVP - Chief Financial Officer | TOYS R US, INC., ONE GEOFFREY WAY, WAYNE NJ 07470-2030 |
Hang Matchett | officer: SVP-Mdse Plan, Alloc&Ctrl, MIO | PO BOX 34216, CHARLOTTE NC 28234 |
Karen Anne Collins | officer: SVP-Tsry,Tax,Fin Pln,Tax,Cr,IR | PO BOX 34216, CHARLOTTE NC 28234 |
Theresa J Drew | director | ONE NORTH SECOND STREET, HARTSVILLE SC 29550 |
Daniel Harding Stowe | director | CATO CORP, PO BOX 34216, CHARLOTTE NC 28234-4216 |
Abby Shearer | officer: SVP, General Merchandise Mgr | PO BOX 34216, CHARLOTTE NC 28234 |
Lewis Pamela S Dr | director | QUEENS UNIVERSITY OF CHARLOTTE, 1900 SELWYN AVENUE, CHARLOTTE NC 28274 |
Scott Gurvis | officer: SVP,Treasury, Fin Plan, Credit | PO BOX 34216, CHARLOTTE NC 28234 |
Weisiger, Jr Edward I | director | PO BOX 34216, CHARLOTTE NC 28234 |
Vickie Smith | officer: SVP, MERCH PLNG, ALLOC & CNTL | C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021 |
Lisa Krows | officer: SVP, DESIGN, TREND & COLOR | PO BOX 34216, CHARLOTTE NC 28234 |
Cathy Bailey | officer: SVP, GMM (CATO DIV) | PO BOX 34216, CHARLOTTE NC 28234 |
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