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Lululemon Athletica Return-on-Tangible-Asset

: 18.59% (As of Oct. 2020)
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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. Lululemon Athletica's annualized Net Income for the quarter that ended in Oct. 2020 was $575 Mil. Lululemon Athletica's average total tangible assets for the quarter that ended in Oct. 2020 was $3,091 Mil. Therefore, Lululemon Athletica's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2020 was 18.59%.

NAS:LULU' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 14.34   Med: 24.13   Max: 31.59
Current: 18.03
14.34
31.59

During the past 13 years, Lululemon Athletica's highest Return-on-Tangible-Asset was 31.59%. The lowest was 14.34%. And the median was 24.13%.

NAS:LULU's Return-on-Tangible-Asset is ranked higher than
96% of the 1056 Companies
in the Retail - Cyclical industry.

( Industry Median: 1.02 vs. NAS:LULU: 18.03 )

Lululemon Athletica Return-on-Tangible-Asset Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Lululemon Athletica Annual Data
Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.79 20.76 14.34 23.98 24.28

Lululemon Athletica Quarterly Data
Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20
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 18.32 39.16 3.56 11.20 18.59
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.

Lululemon Athletica Return-on-Tangible-Asset Distribution

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


Lululemon Athletica Return-on-Tangible-Asset Calculation

Lululemon Athletica's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jan. 2020 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jan. 2020 )  (A: Jan. 2019 )(A: Jan. 2020 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jan. 2020 )  (A: Jan. 2019 )(A: Jan. 2020 )
=645.596/( (2060.472+3256.931)/ 2 )
=645.596/2658.7015
=24.28 %

Lululemon Athletica's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2020 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Oct. 2020 )  (Q: Jul. 2020 )(Q: Oct. 2020 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Oct. 2020 )  (Q: Jul. 2020 )(Q: Oct. 2020 )
=574.572/( (3022.963+3159.012)/ 2 )
=574.572/3090.9875
=18.59 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 (Oct. 2020) net income data.

Lululemon Athletica  (NAS:LULU) 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.

Lululemon Athletica Return-on-Tangible-Asset Related Terms

Lululemon Athletica Return-on-Tangible-Asset Headlines

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