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Victoria's Secret (Victoria's Secret) Return-on-Tangible-Equity : Negative Tangible Equity% (As of Jan. 2024)


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What is Victoria's Secret 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. Victoria's Secret's annualized net income for the quarter that ended in Jan. 2024 was $724 Mil. Victoria's Secret's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $-451 Mil. Therefore, Victoria's Secret's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was Negative Tangible Equity%.

The historical rank and industry rank for Victoria's Secret's Return-on-Tangible-Equity or its related term are showing as below:

VSCO' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -84.15   Med: -8.42   Max: 196.95
Current: Negative Tangible Equity

During the past 6 years, Victoria's Secret's highest Return-on-Tangible-Equity was 196.95%. The lowest was -84.15%. And the median was -8.42%.

VSCO's Return-on-Tangible-Equity is ranked better than
99.81% of 1050 companies
in the Retail - Cyclical industry
Industry Median: 7.565 vs VSCO: Negative Tangible Equity

Victoria's Secret Return-on-Tangible-Equity Historical Data

The historical data trend for Victoria's Secret'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.

Victoria's Secret Return-on-Tangible-Equity Chart

Victoria's Secret Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Return-on-Tangible-Equity
Get a 7-Day Free Trial -84.15 -8.42 196.95 Negative Tangible Equity Negative Tangible Equity

Victoria's Secret Quarterly Data
Jan19 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 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 Negative Tangible Equity Negative Tangible Equity - - Negative Tangible Equity

Competitive Comparison of Victoria's Secret's Return-on-Tangible-Equity

For the Apparel Retail subindustry, Victoria's Secret'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.


Victoria's Secret's Return-on-Tangible-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Victoria's Secret's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Victoria's Secret's Return-on-Tangible-Equity falls into.



Victoria's Secret Return-on-Tangible-Equity Calculation

Victoria's Secret'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 )
=109/( (-408+-350 )/ 2 )
=109/-379
=Negative Tangible Equity %

Victoria's Secret'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 )
=724/( (-552+-350)/ 2 )
=724/-451
=Negative Tangible Equity %

* 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.


Victoria's Secret  (NYSE:VSCO) 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.


Victoria's Secret Return-on-Tangible-Equity Related Terms

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


Victoria's Secret (Victoria's Secret) Business Description

Traded in Other Exchanges
Address
4 Limited Parkway East, Reynoldsburg, OH, USA, 43068
Victoria's Secret & Co is a specialty retailer of lingerie, pajamas, and beauty products with prestige fragrances and body care. It serves customers at its Lingerie and Beauty stores around the globe and online enabling them to shop the brand anywhere and anytime.
Executives
Timothy A Johnson officer: Chief Financial Officer
Rod R Little director 1 HSN DRIVE, ST. PETERSBURG FL 33729
Bbrc International Pte Ltd 10 percent owner 3 PHILLIP STREET, #11-01, ROYAL GROUP BUILDING, SINGAPORE U0 048693
Chris Rupp officer: Chief Customer Officer ALBERTSONS COMPANIES, INC., 250 PARKCENTER BOULEVARD, BOISE ID 83706
Amy Hauk officer: CEO of Pink C/O THE CHILDRENS PLACE, 915 SECAUCUS RD, SECAUCUS NJ 07094
Mariam Naficy director C/O YELP INC., 140 NEW MONTGOMERY ST., 9TH FLOOR, SAN FRANCISCO CA 94105
Anne Sheehan director THREE LIMITED PARKWAY, COLUMBUS OH 43230
Martin P Waters director, officer: Chief Executive Officer 1740 BROADWAY, NEW YORK NY 10019
Laura B Miller officer: Chief Human Resources Ofcr 1501 YAMATO ROAD, BOCA RATON FL 33431
Brian Leinbach officer: Chief Information Officer 4 LIMITED PARKWAY EAST, REYNOLDSBURG OH 43068
Melinda R. Mcafee officer: Chief Legal Officer 4 LIMITED PARKWAY EAST, REYNOLDSBURG OH 43068
Donna James director ONE MIRANOVA PLACE, SUITE 1040, COLUMBUS OH 43215
Gregory Unis officer: CEO of VS Beauty 4 LIMITED PARKWAY, REYNOLDSBURG OH 43068
Lauren B Peters director FOOT LOCKER INC, 112 WEST 34TH STREET 4TH FL, NEW YORK NY 10120
Jacqueline Hernandez director LIMITED PARKWAY EAST, REYNOLDSBURG OH 43068