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Leroy Seafood Group ASA Return-on-Tangible-Equity

: 32.28% (As of Mar. 2022)
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Return-on-Tangible-Equity is calculated as Net Income attributable to Common Stockholders divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Leroy Seafood Group ASA's annualized net income attributable to common stockholders for the quarter that ended in Mar. 2022 was $362 Mil. Leroy Seafood Group ASA's average shareholder tangible equity for the quarter that ended in Mar. 2022 was $1,123 Mil. Therefore, Leroy Seafood Group ASA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2022 was 32.28%.

The historical rank and industry rank for Leroy Seafood Group ASA's Return-on-Tangible-Equity or its related term are showing as below:

LYSFY' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.26   Med: 35.61   Max: 84.34
Current: 30.24

During the past 13 years, Leroy Seafood Group ASA's highest Return-on-Tangible-Equity was 84.34%. The lowest was 9.26%. And the median was 35.61%.

LYSFY's Return-on-Tangible-Equity is ranked better than
85.4% of 1747 companies
in the Consumer Packaged Goods industry
Industry Median: 8.54 vs LYSFY: 30.24

Leroy Seafood Group ASA Return-on-Tangible-Equity Historical Data

The historical data trend for Leroy Seafood Group ASA'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.

* Premium members only.

Leroy Seafood Group ASA Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Return-on-Tangible-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.06 49.88 21.78 9.43 28.68

Leroy Seafood Group ASA Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Return-on-Tangible-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.96 43.26 12.43 33.48 32.28

Competitive Comparison

For the Packaged Foods subindustry, Leroy Seafood Group ASA'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.

   

Leroy Seafood Group ASA Return-on-Tangible-Equity Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Leroy Seafood Group ASA's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Leroy Seafood Group ASA's Return-on-Tangible-Equity falls into.



Leroy Seafood Group ASA Return-on-Tangible-Equity Calculation

Leroy Seafood Group ASA's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2021 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=293.10117914287/( (970.44607274523+1073.7440848003 )/ 2 )
=293.10117914287/1022.0950787728
=28.68 %

Leroy Seafood Group ASA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2022 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2022 )  (Q: Dec. 2021 )(Q: Mar. 2022 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2022 )  (Q: Dec. 2021 )(Q: Mar. 2022 )
=362.39891328956/( (1073.7440848003+1171.794204211)/ 2 )
=362.39891328956/1122.7691445057
=32.28 %

* 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 attributable to common stockholders 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 attributable to common stockholders data used here is four times the quarterly (Mar. 2022) net income attributable to common stockholders data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Leroy Seafood Group ASA  (OTCPK:LYSFY) 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 attributable to common stockholders 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.


Leroy Seafood Group ASA Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Leroy Seafood Group ASA's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Leroy Seafood Group ASA Business Description

Leroy Seafood Group ASA logo
Traded in Other Exchanges
Address
Thormohlens gate 51 B, P.O.Box 7600, Bergen, NOR, NO - 5006
Leroy Seafood Group ASA is a seafood producer, originally from Norway. The company's core activities are global distribution, sale, and marketing of seafood, processed seafood, salmon, fjord trout, cod, saithe, mackerel, herring, sushi, shellfish, and other species. Leroy Seafood Group serves hotels, restaurants, and retail segments with fresh, frozen, smoked, and marinated seafood products. Its main brands are Aurora Salmon, Finest Salmon Loin, Fossen Fjord Fish, Leroj Fjord Trout, Leroy Sushi, and Leroy King Crab.
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