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. Moncler SpA's annualized net income for the quarter that ended in Jun. 2023 was €291 Mil. Moncler SpA's average shareholder tangible equity for the quarter that ended in Jun. 2023 was €1,134 Mil. Therefore, Moncler SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 was 25.64%.
The historical rank and industry rank for Moncler SpA's Return-on-Tangible-Equity or its related term are showing as below:
FRA:MOV'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 29.15 Med: 58.9 Max: 263.02
Current: 33.49
During the past 14 years, Moncler SpA's highest Return-on-Tangible-Equity was 263.02%. The lowest was 29.15%. And the median was 58.90%.
FRA:MOV's Return-on-Tangible-Equity is ranked better than 91.03% of 1015
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.76
vs FRA:MOV: 33.49
Moncler SpA Return-on-Tangible-Equity Historical Data
The historical data trend for Moncler 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 Moncler SpA's Return-on-Tangible-Equity
For the Apparel Manufacturing subindustry, Moncler 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.
Moncler SpA's Return-on-Tangible-Equity Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Moncler SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Moncler SpA's Return-on-Tangible-Equity falls into.
Moncler SpA Return-on-Tangible-Equity Calculation
Moncler SpA's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 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 two times the semi-annual (Jun. 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.
Moncler SpA Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Moncler SpA's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Moncler consists of its namesake brand and Stone Island (acquired in 2021). The Moncler brand is one of the leading players in luxury outerwear. It is globally present with 36% of sales generated in Europe, the Middle East, and Africa, 17% in the Americas, and 47% in Asia and rest of the world. Most of the company's sales are direct to consumer, with almost 80% generated through the own-retail channel. Around 75%-80% of revenue is generated in the core outerwear segment, with the remainder in the accessory, knitwear, and footwear categories. Stone Island contributed around 15% of revenue in 2022.
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