What is Flexsteel Industries 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. Flexsteel Industries's annualized net income for the quarter that ended in Dec. 2023 was $12.2 Mil. Flexsteel Industries's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $142.5 Mil. Therefore, Flexsteel Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 8.57%.
The historical rank and industry rank for Flexsteel Industries's Return-on-Tangible-Equity or its related term are showing as below:
FLXS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14.58 Med: 10.12 Max: 13.42
Current: 11.16
During the past 13 years, Flexsteel Industries's highest Return-on-Tangible-Equity was 13.42%. The lowest was -14.58%. And the median was 10.12%.
FLXS's Return-on-Tangible-Equity is ranked better than 60.64% of 404
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 7.335
vs FLXS: 11.16
Flexsteel Industries Return-on-Tangible-Equity Historical Data
The historical data trend for Flexsteel 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.
Competitive Comparison of Flexsteel Industries's Return-on-Tangible-Equity
For the Furnishings, Fixtures & Appliances subindustry, Flexsteel 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.
Flexsteel Industries's Return-on-Tangible-Equity Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Flexsteel Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Flexsteel Industries'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 (Dec. 2023) 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.
Flexsteel Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Flexsteel Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Flexsteel Industries (Flexsteel Industries) Business Description
Flexsteel Industries Inc is a United States-based company that manufactures, imports, and markets residential upholstered wooden furniture products. The products offering include sofas, loveseats, chairs, rockers, desks, tables, convertible bedding units, and bedroom furniture. The company's products are intended for use in home, office, hotel, healthcare, and other contract applications. A featured component in the company's upholstered furniture is the durable Blue Steel Spring. It operates in the business segment of Furniture products. The company's furniture products business involves the distribution of manufactured and imported products for residential and contract markets, of which key revenue is derived from the residential market.
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