What is J&J Snack Foods 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. J&J Snack Foods's annualized net income for the quarter that ended in Dec. 2023 was $29 Mil. J&J Snack Foods's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $544 Mil. Therefore, J&J Snack Foods's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 5.35%.
The historical rank and industry rank for J&J Snack Foods's Return-on-Tangible-Equity or its related term are showing as below:
JJSF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.85 Med: 15.36 Max: 18.54
Current: 15.46
During the past 13 years, J&J Snack Foods's highest Return-on-Tangible-Equity was 18.54%. The lowest was 2.85%. And the median was 15.36%.
JJSF's Return-on-Tangible-Equity is ranked better than 72.72% of 1789
companies
in the Consumer Packaged Goods industry
Industry Median: 7.46
vs JJSF: 15.46
J&J Snack Foods Return-on-Tangible-Equity Historical Data
The historical data trend for J&J Snack Foods'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.
Competitive Comparison of J&J Snack Foods's Return-on-Tangible-Equity
For the Packaged Foods subindustry, J&J Snack Foods'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.
J&J Snack Foods's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, J&J Snack Foods's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where J&J Snack Foods'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.
J&J Snack Foods Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of J&J Snack Foods's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
J&J Snack Foods (J&J Snack Foods) Business Description
J&J Snack Foods Corp manufactures, markets, and distributes snack foods and beverages to foodservice and retail supermarket outlets. The company's products include frozen beverages, juice, fruit bars, sorbet, cakes, and cookies that are distributed to various consumers, including restaurants, supermarkets, convenience stores, universities, theaters, and theme parks. The company operates in three business segments: food service, which sells snacks, desserts, and baked goods at the point-of-sale; retail supermarkets, which sells frozen and prepackaged products to supermarkets; and frozen beverages, which sells frozen beverages under brands Icee, Slush puppie, and Parrot ice in the United States, Mexico, and Canada.
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