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. EZCORP's annualized net income for the quarter that ended in Dec. 2023 was $114 Mil. EZCORP's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $400 Mil. Therefore, EZCORP's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 28.50%.
The historical rank and industry rank for EZCORP's Return-on-Tangible-Equity or its related term are showing as below:
EZPW'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -23.21 Med: 1.64 Max: 14.91
Current: 13.35
During the past 13 years, EZCORP's highest Return-on-Tangible-Equity was 14.91%. The lowest was -23.21%. And the median was 1.64%.
EZPW's Return-on-Tangible-Equity is ranked better than 71.49% of 505
companies
in the Credit Services industry
Industry Median: 7.07
vs EZPW: 13.35
EZCORP Return-on-Tangible-Equity Historical Data
The historical data trend for EZCORP'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.
For the Credit Services subindustry, EZCORP'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.
EZCORP Return-on-Tangible-Equity Distribution
For the Credit Services industry and Financial Services sector, EZCORP's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where EZCORP's Return-on-Tangible-Equity falls into.
EZCORP Return-on-Tangible-Equity Calculation
EZCORP's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2023 is calculated as
* 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
EZCORP Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of EZCORP's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
EZCORP Inc is a United States-based company engaged in offering pawn loans in the United States and Mexico. It also offers short-term unsecured loans and other consumer financial products, and buy and sell second-hand goods. The operating segments of the company are us Pawn, Latin America Pawn, and other international. us Pawn segment includes all pawn activities in the United States. Latin America Pawn segment includes all pawn activities in Mexico and other parts of Latin America. The company generates revenue from merchandise sales, jewelry scrapping sales, and pawn service charges, of which key revenue is derived from the merchandise sales which are primarily collateral forfeited from pawn lending operations and used merchandise purchased from the customers.
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