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 annualizedNet Income for the quarter that ended in Apr. 2022 was $760 Mil. Lululemon Athletica's average total tangible assets for the quarter that ended in Apr. 2022 was $4,363 Mil. Therefore, Lululemon Athletica's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2022 was 17.42%.
The historical rank and industry rank for Lululemon Athletica's Return-on-Tangible-Asset or its related term are showing as below:
LULU'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 14.34 Med: 22.29 Max: 31.39
Current: 24.71
During the past 13 years, Lululemon Athletica's highest Return-on-Tangible-Asset was 31.39%. The lowest was 14.34%. And the median was 22.29%.
LULU's Return-on-Tangible-Asset is ranked better than 97.59% of 1122
companies
in the Retail - Cyclical industry
Industry Median: 3.20
vs LULU: 24.71
Lululemon Athletica Return-on-Tangible-Asset Historical Data
The historical data trend for Lululemon Athletica's Return-on-Tangible-Asset 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.
Lululemon Athletica Annual Data
Trend
Jan13
Jan14
Jan15
Jan16
Jan17
Jan18
Jan19
Jan20
Jan21
Jan22
Return-on-Tangible-Asset
14.34
23.98
24.28
16.89
23.78
Lululemon Athletica Quarterly Data
Jul17
Oct17
Jan18
Apr18
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Return-on-Tangible-Asset
15.29
21.32
18.65
40.44
17.42
Competitive Comparison
For the Apparel Retail subindustry, Lululemon Athletica's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Lululemon Athletica Return-on-Tangible-Asset Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, Lululemon Athletica's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Lululemon Athletica's Return-on-Tangible-Asset falls into.
* 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 (Apr. 2022) net income data.
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 companys 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 companys 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
Thank you for viewing the detailed overview of Lululemon Athletica's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Lululemon Athletica Inc. designs, distributes, and markets athletic apparel and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 550 company-owned stores in 17 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.
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