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. De'Longhi SPA's annualized net income for the quarter that ended in Mar. 2024 was $223 Mil. De'Longhi SPA's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $924 Mil. Therefore, De'Longhi SPA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 24.15%.
The historical rank and industry rank for De'Longhi SPA's Return-on-Tangible-Equity or its related term are showing as below:
DELHF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 19.82 Med: 26.95 Max: 48.56
Current: 32.2
During the past 13 years, De'Longhi SPA's highest Return-on-Tangible-Equity was 48.56%. The lowest was 19.82%. And the median was 26.95%.
DELHF's Return-on-Tangible-Equity is ranked better than 90.64% of 406
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 7.395
vs DELHF: 32.20
De'Longhi SPA Return-on-Tangible-Equity Historical Data
The historical data trend for De'Longhi SPA'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 De'Longhi SPA's Return-on-Tangible-Equity
For the Furnishings, Fixtures & Appliances subindustry, De'Longhi SPA'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.
De'Longhi SPA's Return-on-Tangible-Equity Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, De'Longhi SPA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where De'Longhi SPA'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 (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.
De'Longhi SPA Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of De'Longhi SPA's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
De'Longhi SPA (De'Longhi SPA) Business Description
De'Longhi SPA is an Italy-based company that is principally engaged in designing, producing, and selling small domestic appliances. The company's products consist of coffeemakers, cooking and food products, ironing products, floor-care products, air conditioners and air treatment products, heating products, and others. The company generates the majority of its revenue from coffeemakers and cooking and food preparation products. It offers products under four brands: De'Longhi, Kenwood, Nutribullet, Magic Bullet,Braun, and Ariete. Products under the De'Longhi brand contribute over half of total revenue. The company has a business presence across the world, including Europe, America, Australia and New Zealand, Asia, and elsewhere, with Europe its largest market.
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