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Academy Sports and Outdoors (NAS:ASO) Return-on-Tangible-Equity

: 523.09% (As of Oct. 2022)
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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Academy Sports and Outdoors's annualized net income for the quarter that ended in Oct. 2022 was $527 Mil. Academy Sports and Outdoors's average shareholder tangible equity for the quarter that ended in Oct. 2022 was $101 Mil. Therefore, Academy Sports and Outdoors's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2022 was 523.09%.

The historical rank and industry rank for Academy Sports and Outdoors's Return-on-Tangible-Equity or its related term are showing as below:

ASO' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0   Med: 0   Max: 1197.59
Current: 1197.59

During the past 5 years, Academy Sports and Outdoors's highest Return-on-Tangible-Equity was 1,197.59%. The lowest was 0.00%. And the median was 0.00%.

ASO's Return-on-Tangible-Equity is ranked better than
93.35% of 1038 companies
in the Retail - Cyclical industry
Industry Median: 8.64 vs ASO: 1197.59

Academy Sports and Outdoors Return-on-Tangible-Equity Historical Data

The historical data trend for Academy Sports and Outdoors's Return-on-Tangible-Equity 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.

Academy Sports and Outdoors Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22
Return-on-Tangible-Equity
- Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Academy Sports and Outdoors Quarterly Data
Jan18 Jan19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22
Return-on-Tangible-Equity 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 Negative Tangible Equity Negative Tangible Equity 1,022.98 881.25 523.09

Competitive Comparison

For the Specialty Retail subindustry, Academy Sports and Outdoors's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.

   

Academy Sports and Outdoors Return-on-Tangible-Equity Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Academy Sports and Outdoors's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Academy Sports and Outdoors's Return-on-Tangible-Equity falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Equity's extreme value range as defined by GuruFocus.



Academy Sports and Outdoors Return-on-Tangible-Equity Calculation

Academy Sports and Outdoors's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jan. 2022 )  (A: Jan. 2021 )(A: Jan. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jan. 2022 )  (A: Jan. 2021 )(A: Jan. 2022 )
=671.381/( (-326.937+27.811 )/ 2 )
=671.381/-149.563
=Negative Tangible Equity %

Academy Sports and Outdoors's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Oct. 2022 )  (Q: Jul. 2022 )(Q: Oct. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Oct. 2022 )  (Q: Jul. 2022 )(Q: Oct. 2022 )
=526.964/( (82.052+119.428)/ 2 )
=526.964/100.74
=523.09 %

* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Oct. 2022) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Academy Sports and Outdoors  (NAS:ASO) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity 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 Return-on-Tangible-Equitys can be extremely high.


Academy Sports and Outdoors Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Academy Sports and Outdoors's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Academy Sports and Outdoors (NAS:ASO) Business Description

Academy Sports and Outdoors logo
Traded in Other Exchanges
N/A
Address
1800 North Mason Road, Katy, TX, USA, 77449
Academy Sports and Outdoors Inc is engaged in the retail business of sporting goods and outdoor recreation products. The company offers outdoor clothing, backpacks, sunglasses, luggage items, shooting equipment, fishing equipment, boating and water sports equipment, backyard recreation products, outdoor cooking equipment, fitness equipment, electronic items, dog supplies, and other products.
Executives
Theresa Palermo director 12420 STONEBRIDGE RD, ROANKE IN 46783
Christopher Lee Turner director 1441 GARDINER LANE, LOUISVILLE KY 40213
Sharen J Turney director THREE LIMITED PARKWAY, COLUMBUS OH 43230
Beryl Raff director 5555 DARROW RD, HUDSON OH 44236
Thomas M Nealon director 6501 LEGACY DRIVE, PLANO TX 75024
Sherry L. Harriman officer: SVP, Logistics & Supply Chain C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 N MASON ROAD, KATY TX 77449
Wendy A. Beck director C/O NORWEGIAN CRUISE LINE HOLDINGS LTD., 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Kkr 2006 Allstar Blocker L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Kkr 2006 Fund (allstar) L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Heather A. Davis officer: VP, Controller C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
Allstar Llc 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Allstar Co-invest Gp Llc 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Jeffrey C. Tweedy director C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
William S. Ennis officer: See Remarks C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
Allstar Co-invest Blocker L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001

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