What is Virco Manufacturing 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. Virco Manufacturing's annualized net income for the quarter that ended in Jan. 2024 was $-9.4 Mil. Virco Manufacturing's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $92.5 Mil. Therefore, Virco Manufacturing's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was -10.13%.
The historical rank and industry rank for Virco Manufacturing's Return-on-Tangible-Equity or its related term are showing as below:
VIRC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -29.79 Med: 3.82 Max: 49.12
Current: 27.25
During the past 13 years, Virco Manufacturing's highest Return-on-Tangible-Equity was 49.12%. The lowest was -29.79%. And the median was 3.82%.
VIRC's Return-on-Tangible-Equity is ranked better than 86.39% of 404
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 7.335
vs VIRC: 27.25
Virco Manufacturing Return-on-Tangible-Equity Historical Data
The historical data trend for Virco Manufacturing'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 Virco Manufacturing's Return-on-Tangible-Equity
For the Furnishings, Fixtures & Appliances subindustry, Virco Manufacturing'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.
Virco Manufacturing's Return-on-Tangible-Equity Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Virco Manufacturing's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Virco Manufacturing'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 (Jan. 2024) 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.
Virco Manufacturing Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Virco Manufacturing's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Virco Manufacturing (Virco Manufacturing) Business Description
Virco Manufacturing Corp is engaged in designing, production and distributing quality furniture for the commercial and education markets. The company manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, and activity tables, folding chairs, and folding tables. Its primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells. Geographically, it operates in the United States and Canada.
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