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. Big Lots's annualized net income for the quarter that ended in Jan. 2024 was $-123 Mil. Big Lots's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $299 Mil. Therefore, Big Lots's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was -41.10%.
The historical rank and industry rank for Big Lots's Return-on-Tangible-Equity or its related term are showing as below:
BIG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -108.58 Med: 20.61 Max: 59.27
Current: -108.58
During the past 13 years, Big Lots's highest Return-on-Tangible-Equity was 59.27%. The lowest was -108.58%. And the median was 20.61%.
BIG's Return-on-Tangible-Equity is ranked worse than 98.33% of 299
companies
in the Retail - Defensive industry
Industry Median: 11.95
vs BIG: -108.58
Big Lots Return-on-Tangible-Equity Historical Data
The historical data trend for Big Lots'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 Big Lots's Return-on-Tangible-Equity
For the Discount Stores subindustry, Big Lots'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.
Big Lots's Return-on-Tangible-Equity Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Big Lots's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Big Lots's Return-on-Tangible-Equity falls into.
Big Lots Return-on-Tangible-Equity Calculation
Big Lots's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2024 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.
Big Lots (NYSE:BIG) 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.
Big Lots Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Big Lots's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Big Lots Inc is principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one-third of its stores in California, Texas, Ohio, and Florida.
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