What is Fortune Brands Innovations Return-on-Tangible-Equity?
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. Fortune Brands Innovations's annualized net income for the quarter that ended in Dec. 2023 was $325 Mil. Fortune Brands Innovations's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $-1,027 Mil. Therefore, Fortune Brands Innovations's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was Negative Tangible Equity%.
The historical rank and industry rank for Fortune Brands Innovations's Return-on-Tangible-Equity or its related term are showing as below:
FBIN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 43.8 Med: 21481.28 Max: 42918.75
Current: Negative Tangible Equity
During the past 13 years, Fortune Brands Innovations's highest Return-on-Tangible-Equity was 42,918.75%. The lowest was 43.80%. And the median was 21,481.28%.
FBIN's Return-on-Tangible-Equity is ranked better than 99.94% of 1602
companies
in the Construction industry
Industry Median: 7.82
vs FBIN: Negative Tangible Equity
Fortune Brands Innovations Return-on-Tangible-Equity 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.
Competitive Comparison of Fortune Brands Innovations's Return-on-Tangible-Equity
For the Building Products & Equipment subindustry, Fortune Brands Innovations'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.
Fortune Brands Innovations's Return-on-Tangible-Equity Distribution in the Construction Industry
For the Construction industry and Industrials sector, Fortune Brands Innovations's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fortune Brands Innovations's Return-on-Tangible-Equity 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-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.
Fortune Brands Innovations Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Fortune Brands Innovations's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortune Brands Innovations (Fortune Brands Innovations) Business Description
Fortune Brands Innovations is a leading home and security products company that operates two segments. The company's $2.6 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures, and the $2.2 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names.
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