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. Kesko Oyj's annualized net income for the quarter that ended in Mar. 2024 was $263 Mil. Kesko Oyj's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $1,819 Mil. Therefore, Kesko Oyj's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 14.44%.
The historical rank and industry rank for Kesko Oyj's Return-on-Tangible-Equity or its related term are showing as below:
KKOYY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.69 Med: 20.36 Max: 36.16
Current: 28.71
During the past 13 years, Kesko Oyj's highest Return-on-Tangible-Equity was 36.16%. The lowest was 4.69%. And the median was 20.36%.
KKOYY's Return-on-Tangible-Equity is ranked better than 75.59% of 299
companies
in the Retail - Defensive industry
Industry Median: 11.95
vs KKOYY: 28.71
Kesko Oyj Return-on-Tangible-Equity Historical Data
The historical data trend for Kesko Oyj'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 Kesko Oyj's Return-on-Tangible-Equity
For the Grocery Stores subindustry, Kesko Oyj'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.
Kesko Oyj's Return-on-Tangible-Equity Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Kesko Oyj's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kesko Oyj's Return-on-Tangible-Equity falls into.
Kesko Oyj Return-on-Tangible-Equity Calculation
Kesko Oyj's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 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 (Mar. 2024) 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.
Kesko Oyj Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Kesko Oyj's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Kesko Oyj is a Finland-based retail conglomerate that operates in three divisions: Grocery, Building and Technical, and Car. The Grocery segment provides the customers with K-food retailers running their locally tailored stores, acting in a chain business model. Chains include K-Citymarket, K-Supermarket, K-Market, and Neste K. The Building and Technical Sector produces construction materials, leisure athletic goods, and infrastructure tools and operates out of Scandinavia and Eastern Europe, both in digital and brick-and-mortar stores. The Car division acts as an importer and leaser for various European car brands, including Volkswagen, SEAT, Audi, and Porsche as well as a seller of used cars online and in-store. The Grocery segment in Finland produces the most revenue.
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