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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Thor Industries's annualized net income for the quarter that ended in Jan. 2024 was $29 Mil. Thor Industries's average Total Stockholders Equity over the quarter that ended in Jan. 2024 was $3,926 Mil. Therefore, Thor Industries's annualized ROE % for the quarter that ended in Jan. 2024 was 0.74%.
The historical rank and industry rank for Thor Industries's ROE % or its related term are showing as below:
During the past 13 years, Thor Industries's highest ROE % was 34.93%. The lowest was 6.63%. And the median was 20.77%.
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.
Thor Industries Annual Data | |||||||||||||||||||||
Trend | Jul14 | Jul15 | Jul16 | Jul17 | Jul18 | Jul19 | Jul20 | Jul21 | Jul22 | Jul23 | |||||||||||
ROE % | Get a 7-Day Free Trial | 6.63 | 10.13 | 25.18 | 34.93 | 9.89 |
Thor Industries Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
ROE % | Get a 7-Day Free Trial | 2.92 | 12.59 | 9.18 | 5.43 | 0.74 |
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.
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's annualized ROE % for the fiscal year that ended in Jul. 2023 is calculated as
ROE % | = | Net Income (A: Jul. 2023 ) | / | ( (Total Stockholders Equity (A: Jul. 2022 ) | + | Total Stockholders Equity (A: Jul. 2023 )) | / count ) |
= | 374.271 | / | ( (3592.862 | + | 3976.015) | / 2 ) | |
= | 374.271 | / | 3784.4385 | ||||
= | 9.89 % |
Thor Industries's annualized ROE % for the quarter that ended in Jan. 2024 is calculated as
ROE % | = | Net Income (Q: Jan. 2024 ) | / | ( (Total Stockholders Equity (Q: Oct. 2023 ) | + | Total Stockholders Equity (Q: Jan. 2024 )) | / count ) |
= | 28.868 | / | ( (3915.461 | + | 3936.418) | / 2 ) | |
= | 28.868 | / | 3925.9395 | ||||
= | 0.74 % |
* 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 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 data used here is four times the quarterly (Jan. 2024) net income 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: Jan. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 28.868 | / | 3925.9395 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (28.868 / 8829.476) | * | (8829.476 / 7199.151) | * | (7199.151 / 3925.9395) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 0.33 % | * | 1.2265 | * | 1.8337 |
= | ROA % | * | Equity Multiplier | ||
= | 0.4 % | * | 1.8337 | ||
= | 0.74 % |
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: Jan. 2024 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | 28.868 | / | 3925.9395 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (28.868 / 27.576) | * | (27.576 / 73.032) | * | (73.032 / 8829.476) | * | (8829.476 / 7199.151) | * | (7199.151 / 3925.9395) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 1.0469 | * | 0.3776 | * | 0.83 % | * | 1.2265 | * | 1.8337 |
= | 0.74 % |
Note: The net income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income. * In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income 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.
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.
W. Todd Woelfer | officer: Sr. VP, Gen Counsel & Sec. | PO BOX 3300, ELKHART IN 46515 |
Kenneth D Julian | officer: VP of Admin. and HR | 3080 WINDSOR CT., ELKHART IN 46514 |
Peter Busch Orthwein | director, officer: Exec. Chairman of the Board | ONE LAGAYETTE PLACE, GREENWICH CT 06830 |
James L Ziemer | director | C/O HARLEY DAVIDSON, 3700 W. JUNEAU AVE, MILWAUKEE WI 53208 |
Amelia Huntington | director | C/O THOR INDUSTRIES, INC., 601 EAST BEARDSLEY AVE., ELKHART IN 46514-3305 |
Trevor Q. Gasper | officer: VP, General Counsel and Sec. | 601 EAST BEARDSLEY AVE., ELKHART IN 46514 |
Laurel Hurd | director | C/O NEWELL BRANDS INC., 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328 |
Christina Hennington | director | 1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
J Allen Kosowsky | director | C/O THOR INDUSTRIES, INC., 419 WEST PIKE STREET, JACKSON CENTER OH 45334-0629 |
Kelley William J. Jr | director | USG CORPORATION, 550 WEST ADAMS STREET, CHICAGO IL 60661 |
Josef Hjelmaker | officer: Chief Innovation Officer | C/O THOR INDUSTRIES, INC., 601 E. BEARDSLEY AVE., ELKHART IN 46514-3305 |
Christopher J Klein | director | 520 LAKE COOK ROAD, DEERFIELD IL 60015 |
Jan Suwinski | director | 9450 SEWARD RD, C/O OHIO CASUALTY GROUP, FAIRFIELD OH 45014 |
Robert W Martin | director, officer: Chief Exec. Officer & Pres. | C/O KEYSTONE RV COMPANY, 2642 HACKBERRY DRIVE, GOSHEN IN 46526 |
Troy James | officer: SVP International Operations | C/O THOR INDUSTRIES, INC., 601 EAST BEARDSLEY AVENUE, ELKHART IN 46514-3305 |
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