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. Fox-Wizel's annualized net income for the quarter that ended in Dec. 2023 was ₪292 Mil. Fox-Wizel's average shareholder tangible equity for the quarter that ended in Dec. 2023 was ₪1,126 Mil. Therefore, Fox-Wizel's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 25.94%.
The historical rank and industry rank for Fox-Wizel's Return-on-Tangible-Equity or its related term are showing as below:
XTAE:FOX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.49 Med: 17.18 Max: 39.44
Current: 13.6
During the past 13 years, Fox-Wizel's highest Return-on-Tangible-Equity was 39.44%. The lowest was 10.49%. And the median was 17.18%.
XTAE:FOX's Return-on-Tangible-Equity is ranked better than 76.11% of 1017
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.53
vs XTAE:FOX: 13.60
Fox-Wizel Return-on-Tangible-Equity Historical Data
The historical data trend for Fox-Wizel'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 Fox-Wizel's Return-on-Tangible-Equity
For the Apparel Manufacturing subindustry, Fox-Wizel'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.
Fox-Wizel's Return-on-Tangible-Equity Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fox-Wizel's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fox-Wizel's Return-on-Tangible-Equity falls into.
Fox-Wizel Return-on-Tangible-Equity Calculation
Fox-Wizel'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 (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.
Fox-Wizel Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Fox-Wizel's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Fox-Wizel Ltd is an Israel-based company which is engaged in apparel manufacturing. The company business activities include design, production distribution, marketing and selling of fashion apparel for men, women, and children; housewares and textile products; footwear, bags, and accessories. It is also engaged in the production of soaps, candles, bath and aromatic products. The company owns a number of brands including Fox, American Eagle, Aerie, TCP, Charles & Keith, Laline and Mango. It organizes its business into two segments namely fashion and home fashion and aromatic bath and body care products. The company operates its business across the globe. It generates the majority of its revenue from Israel.
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