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. Tiger Brands's annualized net income for the quarter that ended in Sep. 2023 was R3,053 Mil. Tiger Brands's average shareholder tangible equity for the quarter that ended in Sep. 2023 was R13,797 Mil. Therefore, Tiger Brands's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 22.13%.
The historical rank and industry rank for Tiger Brands's Return-on-Tangible-Equity or its related term are showing as below:
JSE:TBS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.21 Med: 21.53 Max: 31.18
Current: 20.15
During the past 13 years, Tiger Brands's highest Return-on-Tangible-Equity was 31.18%. The lowest was 8.21%. And the median was 21.53%.
JSE:TBS's Return-on-Tangible-Equity is ranked better than 79.87% of 1788
companies
in the Consumer Packaged Goods industry
Industry Median: 7.66
vs JSE:TBS: 20.15
Tiger Brands Return-on-Tangible-Equity Historical Data
The historical data trend for Tiger Brands'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 Tiger Brands's Return-on-Tangible-Equity
For the Packaged Foods subindustry, Tiger Brands'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.
Tiger Brands's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tiger Brands's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tiger Brands'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 two times the semi-annual (Sep. 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.
Tiger Brands Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Tiger Brands's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Tiger Brands Ltd is an African manufacturer of branded food, home-care, and personal-care products. Present in 22 African countries, the company also has global distribution in the rest of the world: Germany, the United Kingdom, Sweden, Ireland, Canada, Sweden, the Philippines, Singapore, and Taiwan, among others. The product offering includes perishables, personal-care products, home-care products, snacks, baby care, beverages, grains, groceries, and out-of-home meals. The company reports under the following segments: grains, consumer brands, Home, Personal Care and Baby (HPCB), and export and international. The Grains segment is the largest segment. Some of the best-known brands are Oros, Hall's, Rose's, Ace, Albany, Purity, Ice Cap, Hugo's, and All Good.
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