What is Lancaster Colony 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. Lancaster Colony's annualized net income for the quarter that ended in Dec. 2023 was $206 Mil. Lancaster Colony's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $681 Mil. Therefore, Lancaster Colony's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 30.26%.
The historical rank and industry rank for Lancaster Colony's Return-on-Tangible-Equity or its related term are showing as below:
LANC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.18 Med: 27.41 Max: 34.88
Current: 19.66
During the past 13 years, Lancaster Colony's highest Return-on-Tangible-Equity was 34.88%. The lowest was 15.18%. And the median was 27.41%.
LANC's Return-on-Tangible-Equity is ranked better than 79.15% of 1789
companies
in the Consumer Packaged Goods industry
Industry Median: 7.45
vs LANC: 19.66
Lancaster Colony Return-on-Tangible-Equity Historical Data
The historical data trend for Lancaster Colony'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 Lancaster Colony's Return-on-Tangible-Equity
For the Packaged Foods subindustry, Lancaster Colony'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.
Lancaster Colony's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Lancaster Colony's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Lancaster Colony'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.
Lancaster Colony Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Lancaster Colony's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Lancaster Colony (Lancaster Colony) Business Description
Lancaster Colony Corp is a manufacturer and marketer of speciality food products. The company's segments include Retail and Foodservice. By product segment, the company divides its portfolio into non frozen (roughly 70% of net sales) and frozen food. The key products and brands are salad dressing and sauces (Cardini's, Girard's, Marzetti), frozen garlic breads (New York Brand Bakery, Mamma Bella), vegetable dips and fruit dips (Marzetti), frozen parkerhouse-style yeast rolls and dinner rolls (Sister Schubert's, Mary B's), premium dry egg noodles (Amish Kitchen), frozen speciality noodles (Reames, Aunt Vi's), croutons and salad toppings, flatbread wraps, and pizza crusts.
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