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Thor Industries ROE %

: 41.81% (As of Apr. 2022)
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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. Thor Industries's annualized net income attributable to common stockholders for the quarter that ended in Apr. 2022 was $1,392 Mil. Thor Industries's average Total Stockholders Equity over the quarter that ended in Apr. 2022 was $3,330 Mil. Therefore, Thor Industries's annualized ROE % for the quarter that ended in Apr. 2022 was 41.81%.

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

THO' s ROE % Range Over the Past 10 Years
Min: 6.63   Med: 19.33   Max: 35.26
Current: 35.26

During the past 13 years, Thor Industries's highest ROE % was 35.26%. The lowest was 6.63%. And the median was 19.33%.

THO's ROE % is ranked better than
96.13% of 1213 companies
in the Vehicles & Parts industry
Industry Median: 5.90 vs THO: 35.26

Thor Industries ROE % Historical Data

The historical data trend for Thor Industries'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.

Thor Industries Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.34 24.48 6.63 10.13 25.18

Thor Industries 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 27.65 32.58 32.17 33.70 41.81

Competitive Comparison

For the Recreational Vehicles subindustry, Thor Industries'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.

   

Thor Industries ROE % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Thor Industries's ROE % distribution charts can be found below:

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



Thor Industries ROE % Calculation

Thor Industries's annualized ROE % for the fiscal year that ended in Jul. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Jul. 2021 )/( (Total Stockholders Equity (A: Jul. 2020 )+Total Stockholders Equity (A: Jul. 2021 ))/ count )
=659.872/( (2319.782+2921.843)/ 2 )
=659.872/2620.8125
=25.18 %

Thor Industries'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 )
=1392.204/( (3225.659+3433.891)/ 2 )
=1392.204/3329.775
=41.81 %

* 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.


Thor Industries  (NYSE:THO) 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
=1392.204/3329.775
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1392.204 / 18630.068)*(18630.068 / 7700.3225)*(7700.3225 / 3329.775)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.47 %*2.4194*2.3126
=ROA %*Equity Multiplier
=18.07 %*2.3126
=41.81 %

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
=1392.204/3329.775
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (1392.204 / 1849.628) * (1849.628 / 1940.176) * (1940.176 / 18630.068) * (18630.068 / 7700.3225) * (7700.3225 / 3329.775)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7527 * 0.9533 * 10.41 % * 2.4194 * 2.3126
=41.81 %

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.


Thor Industries ROE % Related Terms

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


Thor Industries Business Description

Thor Industries logo
Traded in Other Exchanges
Address
601 East Beardsley Avenue, Elkhart, IN, USA, 46514-3305
Thor Industries Inc is an American manufacturer of recreational vehicles through its subsidiaries. The company reports through three segments: North American towable recreational vehicles, North American motorized recreational vehicles, and European recreational vehicles. The North American towable RV business segments operations by brand: Airstream, Heartland, Jayco, Keystone, and KZ. North American motorized RV does the same through the Airstream, Jayco, and Thor Motor Coach brands. Thor's European RV business consists solely of the Erwin Hymer Group, which manufactures both towable and recreational vehicles in Europe. EHG's operations include miscellaneous RV-related products and services. Across all segments, the firm distributes its RVs to independent dealers.
Executives
Gasper Trevor Q. officer: VP, General Counsel and Sec. 601 EAST BEARDSLEY AVE. ELKHART IN 46514
Hennington Christina director 1000 NICOLLET MALL MINNEAPOLIS MN 55403
Hurd Laurel director C/O NEWELL BRANDS INC. 6655 PEACHTREE DUNWOODY ROAD ATLANTA GA 30328
Kelley William J. Jr director USG CORPORATION 550 WEST ADAMS STREET CHICAGO IL 60661
Hjelmaker Josef officer: Chief Innovation Officer C/O THOR INDUSTRIES, INC. 601 E. BEARDSLEY AVE. ELKHART IN 46514-3305
James Troy officer: SVP International Operations C/O THOR INDUSTRIES, INC. 601 EAST BEARDSLEY AVENUE ELKHART IN 46514-3305
Huntington Amelia director C/O THOR INDUSTRIES, INC. 601 EAST BEARDSLEY AVE. ELKHART IN 46514-3305
Klein Christopher J director 520 LAKE COOK ROAD DEERFIELD IL 60015
Ziemer James L director C/O HARLEY DAVIDSON 3700 W. JUNEAU AVE MILWAUKEE WI 53208
Siegel Alan director C/O THE WET SEAL, INC. 26972 BURBANK FOOTHILL RANCH CA 92610
Kosowsky J Allen director C/O THOR INDUSTRIES, INC. 419 WEST PIKE STREET JACKSON CENTER OH 45334-0629
Suwinski Jan director 9450 SEWARD RD C/O OHIO CASUALTY GROUP FAIRFIELD OH 45014
Zuhl Colleen A officer: VP & Chief Financial Officer PO BOX 3300 ELKHART IN 46515
Woelfer W. Todd officer: Sr. VP, Gen Counsel & Sec. PO BOX 3300 ELKHART IN 46515
Graves Andrew E director BRUNSWICK CORPORATION 1 N FIELD COURT LAKE FOREST IL 60045

Thor Industries Headlines

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