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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. Foot Locker's annualized net income for the quarter that ended in Jan. 2024 was $-1,556 Mil. Foot Locker's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $1,879 Mil. Therefore, Foot Locker's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was -82.81%.
The historical rank and industry rank for Foot Locker's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Foot Locker's highest Return-on-Tangible-Equity was 38.97%. The lowest was -17.35%. And the median was 22.04%.
The historical data trend for Foot Locker'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.
Foot Locker Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 21.25 | 13.21 | 38.97 | 16.81 | -17.35 |
Foot Locker Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 3.67 | 6.92 | -0.97 | 5.47 | -82.81 |
For the Apparel Retail subindustry, Foot Locker'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.
For the Retail - Cyclical industry and Consumer Cyclical sector, Foot Locker's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Foot Locker's Return-on-Tangible-Equity falls into.
Foot Locker's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Jan. 2024 ) | (A: Jan. 2023 ) | (A: Jan. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Jan. 2024 ) | (A: Jan. 2023 ) | (A: Jan. 2024 ) | |||||
= | -330 | / | ( (2082 | + | 1723 ) | / 2 ) | |
= | -330 | / | 1902.5 | ||||
= | -17.35 % |
Foot Locker's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Jan. 2024 ) | (Q: Oct. 2023 ) | (Q: Jan. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Jan. 2024 ) | (Q: Oct. 2023 ) | (Q: Jan. 2024 ) | |||||
= | -1556 | / | ( (2035 | + | 1723) | / 2 ) | |
= | -1556 | / | 1879 | ||||
= | -82.81 % |
* 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 (Jan. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Foot Locker (NYSE:FL) 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.
Thank you for viewing the detailed overview of Foot Locker's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Mary N Dillon | director, officer: President & CEO | ULTA BEAUTY, INC., 1000 REMINGTON BLVD SUITE 120, BOLINGBROOK IL 60440 |
Jennifer Kraft | officer: EVP and General Counsel | C/O FOOT LOCKER, INC., NEW YORK NY 10001 |
Michael Baughn | officer: EVP & Chief Financial Officer | C/O FOOT LOCKER, INC., 140 FOUNTAIN PARKWAY, ST. PETERSBURG FL 33716 |
Robert Higginbotham | officer: Interim CFO | C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001 |
John A Maurer | officer: VP, Treasurer | FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120 |
Giovanna Cipriano | officer: SVP & Chief Accounting Officer | FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120 |
Todd Greener | officer: SVP, Global Supply Chain | 330 WEST 34TH STREET, NEW YORK NY 10001 |
Richard A Johnson | director, officer: President & CEO | FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120 |
Rosalind Reeves | officer: EVP, Chief HR Officer | C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001 |
Elliott Rodgers | officer: EVP, Chief Operations Officer | C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111 |
Vesa Equity Investment S.a R.l. | 10 percent owner | 2, PLACE DE PARIS, LUXEMBOURG N4 L-2314 |
Nitin Neil Bansal | officer: EVP,Chief Strat&Transform Off | C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001 |
Andrew E Page | officer: EVP & Chief Financial Officer | C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001 |
Samantha Lomow | officer: President, Global Brands | 2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192 |
Virginia Drosos | director | CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
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