GURUFOCUS.COM » STOCK LIST » USA » NYSE » PVH Corp (NYSE:PVH) » Definitions » ROE %
Switch to:

PVH ROE %

: 10.09% (As of Apr. 2022)
View and export this data going back to 1976. Start your Free Trial

ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. PVH's annualized net income attributable to common stockholders for the quarter that ended in Apr. 2022 was $532 Mil. PVH's average Total Stockholders Equity over the quarter that ended in Apr. 2022 was $5,279 Mil. Therefore, PVH's annualized ROE % for the quarter that ended in Apr. 2022 was 10.09%.

The historical rank and industry rank for PVH's ROE % or its related term are showing as below:

PVH' s ROE % Range Over the Past 10 Years
Min: -21.55   Med: 11.07   Max: 19.25
Current: 19.25

During the past 13 years, PVH's highest ROE % was 19.25%. The lowest was -21.55%. And the median was 11.07%.

PVH's ROE % is ranked better than
81.72% of 1001 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 6.23 vs PVH: 19.25

PVH ROE % Historical Data

The historical data trend for PVH's ROE % 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.

PVH Annual Data
Trend Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.40 13.14 7.17 -21.55 19.01

PVH Quarterly Data
Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.35 14.74 21.93 29.89 10.09

Competitive Comparison

For the Apparel Manufacturing subindustry, PVH's ROE %, along with its competitors' market caps and ROE % 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.

   

PVH ROE % Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PVH's ROE % distribution charts can be found below:

* The bar in red indicates where PVH's ROE % falls into.



PVH ROE % Calculation

PVH's annualized ROE % for the fiscal year that ended in Jan. 2022 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Jan. 2022 )/( (Total Stockholders Equity (A: Jan. 2021 )+Total Stockholders Equity (A: Jan. 2022 ))/ count )
=952.3/( (4730.3+5288.8)/ 2 )
=952.3/5009.55
=19.01 %

PVH's annualized ROE % for the quarter that ended in Apr. 2022 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Apr. 2022 )/( (Total Stockholders Equity (Q: Jan. 2022 )+Total Stockholders Equity (Q: Apr. 2022 ))/ count )
=532.4/( (5288.8+5268.5)/ 2 )
=532.4/5278.65
=10.09 %

* 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 ROE %, the net income attributable to common stockholders of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Apr. 2022) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


PVH  (NYSE:PVH) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %**(Q: Apr. 2022 )
=Net Income/Total Stockholders Equity
=532.4/5278.65
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(532.4 / 8490.8)*(8490.8 / 12143.05)*(12143.05 / 5278.65)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.27 %*0.6992*2.3004
=ROA %*Equity Multiplier
=4.38 %*2.3004
=10.09 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %**(Q: Apr. 2022 )
=Net Income/Total Stockholders Equity
=532.4/5278.65
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (532.4 / 754) * (754 / 797.2) * (797.2 / 8490.8) * (8490.8 / 12143.05) * (12143.05 / 5278.65)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7061 * 0.9458 * 9.39 % * 0.6992 * 2.3004
=10.09 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Apr. 2022) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Apr. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


PVH ROE % Related Terms

Thank you for viewing the detailed overview of PVH's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


PVH Business Description

PVH logo
Address
200 Madison Avenue, New York, NY, USA, 10016
PVH designs and markets branded apparel in more than 40 countries. Its key fashion categories include men's dress shirts, ties, sportswear, underwear, and jeans. PVH's leading designer brands, Calvin Klein and Tommy Hilfiger, generate nearly all its revenue after it disposed of most of its smaller brands in 2021. PVH distributes its clothing wholesale to retailers and through company-owned stores. The company traces its history to 1881 and is based in New York City.
Executives
Donnelly Trish officer: CEO, PVH Americas/CK Global C/O PVH CORP. 200 MADISON AVENUE NEW YORK NY 10016
Calbert Michael M director C/O DOLLAR GENERAL CORPORATION 100 MISSION RIDGE GOODLETTSVILLE TN 37072
Fuller Julie officer: Chief People Officer 200 MADISON AVENUE NEW YORK NY 10016
Coughlin Zachary officer: EVP, Chief Financial Officer 285 MADISON AVENUE NEW YORK NY 10017
Perlman Dana officer: EVP & Chief Strategy Officer C/O 200 MADISON AVENUE NEW YORK NY 10016
Hagman Martijn officer: CEO, PVH Europe C/O PVH CORP. 200 MADISON AVENUE NEW YORK NY 10016
Larsson Stefan director, officer: Chief Executive Officer TWO FOLSOM STREET SAN FRANCISCO CA 94105
Fischer Mark D officer: EVP, General Counsel & Sec. C/O PHILLIPS-VAN HEUSEN CORPORATION 200 MADISON AVENUE NEW YORK NY 10016
Nasella Henry director
Holmes James officer: EVP, Interim CFO & Controller C/O PVH CORP. 200 MADISON AVENUE NEW YORK NY 10016
Shaffer Michael A officer: EVP, COO and CFO C/O PHILLIPS-VAN HEUSEN CORPORATION 200 MADISON AVENUE NEW YORK NY 10016
Chirico Emanuel director 7 NEW YORK PLACE BRONSVILLE NY 10708
Sourry Knox Judith Amanda director C/O 200 MADISON AVENUE NEW YORK NY 10016
Cheeks George director, Director 200 MADISON AVENUE NEW YORK NY 10016
Peterson Allison director 7601 PENN AVENUE SOUTH RICHFIELD MN 55423

PVH Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)