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Lakeland Industries Return-on-Tangible-Asset

: 23.28% (As of Jan. 2021)
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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Lakeland Industries's annualized Net Income for the quarter that ended in Jan. 2021 was $31.5 Mil. Lakeland Industries's average total tangible assets for the quarter that ended in Jan. 2021 was $135.2 Mil. Therefore, Lakeland Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2021 was 23.28%.

NAS:LAKE' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -30.27   Med: 2.49   Max: 29.55
Current: 29.42

-30.27
29.55

During the past 13 years, Lakeland Industries's highest Return-on-Tangible-Asset was 29.55%. The lowest was -30.27%. And the median was 2.49%.

NAS:LAKE's Return-on-Tangible-Asset is ranked higher than
99% of the 1073 Companies
in the Manufacturing - Apparel & Accessories industry.

( Industry Median: 0.45 vs. NAS:LAKE: 29.42 )

Lakeland Industries Return-on-Tangible-Asset Historical Data

* 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.

Lakeland Industries Annual Data
Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.55 0.50 1.56 3.41 29.55

Lakeland Industries Quarterly Data
Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21
Return-on-Tangible-Asset 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 4.90 33.63 32.83 29.39 23.28

Competitive Comparison
* 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.


Lakeland Industries Return-on-Tangible-Asset Distribution

* The bar in red indicates where Lakeland Industries's Return-on-Tangible-Asset falls into.



Lakeland Industries Return-on-Tangible-Asset Calculation

Lakeland Industries's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jan. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jan. 2021 )  (A: Jan. 2020 )(A: Jan. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jan. 2021 )  (A: Jan. 2020 )(A: Jan. 2021 )
=35.106/( (98.534+139.054)/ 2 )
=35.106/118.794
=29.55 %

Lakeland Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jan. 2021 )  (Q: Oct. 2020 )(Q: Jan. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jan. 2021 )  (Q: Oct. 2020 )(Q: Jan. 2021 )
=31.476/( (131.381+139.054)/ 2 )
=31.476/135.2175
=23.28 %

* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jan. 2021) net income data.


Lakeland Industries  (NAS:LAKE) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Lakeland Industries Return-on-Tangible-Asset Related Terms


Lakeland Industries Return-on-Tangible-Asset Headlines

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