What is Village Super Market 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. Village Super Market's annualized net income for the quarter that ended in Jan. 2024 was $58 Mil. Village Super Market's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $400 Mil. Therefore, Village Super Market's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 14.48%.
The historical rank and industry rank for Village Super Market's Return-on-Tangible-Equity or its related term are showing as below:
VLGEA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.22 Med: 8.57 Max: 13.6
Current: 13.6
During the past 13 years, Village Super Market's highest Return-on-Tangible-Equity was 13.60%. The lowest was 2.22%. And the median was 8.57%.
VLGEA's Return-on-Tangible-Equity is ranked better than 54.55% of 297
companies
in the Retail - Defensive industry
Industry Median: 12.16
vs VLGEA: 13.60
Village Super Market Return-on-Tangible-Equity Historical Data
The historical data trend for Village Super Market'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.
* Premium members only.
Village Super Market Return-on-Tangible-Equity Chart
Competitive Comparison of Village Super Market's Return-on-Tangible-Equity
For the Grocery Stores subindustry, Village Super Market'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.
Village Super Market's Return-on-Tangible-Equity Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Village Super Market's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Village Super Market's Return-on-Tangible-Equity falls into.
Village Super Market Return-on-Tangible-Equity Calculation
Village Super Market's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jul. 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 (Jan. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Village Super Market (NAS:VLGEA) 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.
Village Super Market Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Village Super Market's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Village Super Market (Village Super Market) Business Description
Village Super Market Inc operates a chain of ShopRite supermarkets, a few of which are in northern New Jersey, southern New Jersey, Maryland, and in northeastern Pennsylvania. The company is a member of Wakefern Food Corporation (Wakefern), a retailer-owned food cooperative and owner of the ShopRite name. It consists of one operating segment, the retail sale of food and nonfood products.
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