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. Remy Cointreau's annualized net income for the quarter that ended in Sep. 2023 was $241 Mil. Remy Cointreau's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $1,347 Mil. Therefore, Remy Cointreau's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 17.91%.
The historical rank and industry rank for Remy Cointreau's Return-on-Tangible-Equity or its related term are showing as below:
REMYF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.91 Med: 17.28 Max: 27.17
Current: 14.65
During the past 13 years, Remy Cointreau's highest Return-on-Tangible-Equity was 27.17%. The lowest was 10.91%. And the median was 17.28%.
REMYF's Return-on-Tangible-Equity is ranked better than 60.78% of 204
companies
in the Beverages - Alcoholic industry
Industry Median: 9.805
vs REMYF: 14.65
Remy Cointreau Return-on-Tangible-Equity Historical Data
The historical data trend for Remy Cointreau'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 Remy Cointreau's Return-on-Tangible-Equity
For the Beverages - Wineries & Distilleries subindustry, Remy Cointreau'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.
Remy Cointreau's Return-on-Tangible-Equity Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Remy Cointreau's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Remy Cointreau'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 two times the semi-annual (Sep. 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.
Remy Cointreau Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Remy Cointreau's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Remy Cointreau (Remy Cointreau) Business Description
Remy Cointreau is the world's second-largest distiller of cognac by volume, with a 15.8% global volume share in 2022, according to Euromonitor. Cognac represented 72% of Remy's sales and 90% of EBIT in the same year. The remainder of Remy's portfolio is made up of much smaller group-owned brands, including Cointreau orange liqueur, Metaxa Greek spirit, Mount Gay rum, Bruichladdich single malt scotch, The Botanist gin, Hautes Glaces French whiskey, and Westland American whiskey. The company also distributes third-party brands and in 2023 entered the fragrance business. Remy is controlled by the Andromede family, which owns 41% equity interest and consolidates the business in the Andromede Group. The Cointreau family owns a further 27%, and 41% of the equity is free float.
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