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. Nestle Nigeria's annualized net income for the quarter that ended in Sep. 2024 was ₦-29,425 Mil. Nestle Nigeria's average shareholder tangible equity for the quarter that ended in Sep. 2024 was ₦-108,471 Mil. Therefore, Nestle Nigeria's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was N/A%.
The historical rank and industry rank for Nestle Nigeria's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Nestle Nigeria's highest Return-on-Tangible-Equity was 189.53%. The lowest was 0.00%. And the median was 90.45%.
NSA:NSTL's Return-on-Tangible-Equity is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.175 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Nestle Nigeria Return-on-Tangible-Equity Historical Data
The historical data trend for Nestle Nigeria'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 Nestle Nigeria's Return-on-Tangible-Equity
For the Packaged Foods subindustry, Nestle Nigeria'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.
Nestle Nigeria's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Nestle Nigeria's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nestle Nigeria'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 (Sep. 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.
Nestle Nigeria Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Nestle Nigeria's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Nestle Nigeria PLC is a food and beverage company. It is involved in the business of manufacturing, marketing, and distribution of food products. The firm has categorized its products into Baby foods, Coffee, Culinary, Dairy, Drinks, and Recipes. It develops and markets its products under brands such as Cerelac, Nescafe, Nido, Maggi, Milo, etc. The company has Food and Beverage reportable segments. The food segment engaged in the production and sale of Maggi, Cerelac, SMA, Nan, Lactogen, and Golden Morn. The beverages segment consists of the production and sale of Milo, Chocomilo, Nido, Nescafe, Milo ready-to-drink, and Nestle Pure Life. The food segment generates the majority of the revenue. The majority of the revenue is generated from Nigeria.
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