What is Amcon Distributing Co Return-on-Tangible-Equity?
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. Amcon Distributing Co's annualized net income for the quarter that ended in Mar. 2024 was $2 Mil. Amcon Distributing Co's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $97 Mil. Therefore, Amcon Distributing Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 2.24%.
The historical rank and industry rank for Amcon Distributing Co's Return-on-Tangible-Equity or its related term are showing as below:
DIT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.18 Med: 10.86 Max: 23.46
Current: 9.22
During the past 13 years, Amcon Distributing Co's highest Return-on-Tangible-Equity was 23.46%. The lowest was 5.18%. And the median was 10.86%.
DIT's Return-on-Tangible-Equity is ranked worse than 59.87% of 299
companies
in the Retail - Defensive industry
Industry Median: 11.95
vs DIT: 9.22
Amcon Distributing Co Return-on-Tangible-Equity Historical Data
The historical data trend for Amcon Distributing Co'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.
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Amcon Distributing Co Return-on-Tangible-Equity Chart
Competitive Comparison of Amcon Distributing Co's Return-on-Tangible-Equity
For the Food Distribution subindustry, Amcon Distributing Co'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.
Amcon Distributing Co's Return-on-Tangible-Equity Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Amcon Distributing Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Amcon Distributing Co's Return-on-Tangible-Equity falls into.
Amcon Distributing Co Return-on-Tangible-Equity Calculation
Amcon Distributing Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2023 is calculated as
* 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.
Amcon Distributing Co (AMEX:DIT) 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.
Amcon Distributing Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Amcon Distributing Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Amcon Distributing Co (Amcon Distributing Co) Business Description
Amcon Distributing Co is engaged in the wholesale and retail distribution of consumer products such as cigarettes, tobacco, confectionery, health food, and others. It operates in two segments: Wholesale distribution segment distributing consumer products to the retail outlets including convenience stores, grocery stores, liquor stores, drug stores, and tobacco shops in the Central, Rocky Mountain, and Southern regions of the United States; and the Retail health food segment is a specialty retailer of natural/organic groceries and dietary supplements throughout the Midwest and Florida. The company earns a majority of the revenue from the Wholesale distribution segment.
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