What is JD Sports Fashion 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. JD Sports Fashion's annualized net income for the quarter that ended in Jul. 2023 was £480 Mil. JD Sports Fashion's average shareholder tangible equity for the quarter that ended in Jul. 2023 was £638 Mil. Therefore, JD Sports Fashion's annualized Return-on-Tangible-Equity for the quarter that ended in Jul. 2023 was 75.26%.
The historical rank and industry rank for JD Sports Fashion's Return-on-Tangible-Equity or its related term are showing as below:
LSE:JD.'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 25.62 Med: 37.69 Max: 84.85
Current: 32.13
During the past 13 years, JD Sports Fashion's highest Return-on-Tangible-Equity was 84.85%. The lowest was 25.62%. And the median was 37.69%.
LSE:JD.'s Return-on-Tangible-Equity is ranked better than 83.33% of 1050
companies
in the Retail - Cyclical industry
Industry Median: 7.565
vs LSE:JD.: 32.13
JD Sports Fashion Return-on-Tangible-Equity Historical Data
The historical data trend for JD Sports Fashion'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 JD Sports Fashion's Return-on-Tangible-Equity
For the Apparel Retail subindustry, JD Sports Fashion'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.
JD Sports Fashion's Return-on-Tangible-Equity Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, JD Sports Fashion's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where JD Sports Fashion'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 (Jul. 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.
JD Sports Fashion Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of JD Sports Fashion's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
JD Sports Fashion PLC is a U.K. retailer of branded sportswear and fashionwear. The company has stores in the United Kingdom, mainland Europe, and outside Europe. The offering includes international brands, such as Adidas, Nike and The North Face, and own-brand labels, such as McKenzie, Carbrini, Supply & Demand and The Duffer of St George. The store network consists of various shops: Size?, Footpatrol, Chausport, Sprinter, Scotts, Tessuti, Cloggs, Mainline, and Ultimate Outdoors, among others. Stores are specialized: Footpatrol is a sneaker provider; Size? offers footwear, apparel, and accessories; and Chausport operates throughout France selling international footwear brands, such as Nike.
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