CVS Bay Area (TSE:2687) Return-on-Tangible-Equity : 38.40% (As of Feb. 2024)

CVS Bay Area Return-on-Tangible-Equity Chart

CVS Bay Area Annual Data
	Trend	Feb15	Feb16	Feb17	Feb18	Feb19	Feb20	Feb21	Feb22	Feb23	Feb24
Return-on-Tangible-Equity		Get a 7-Day Free Trial					-7.76	-27.16	-25.82	-0.49	23.15

CVS Bay Area Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Return-on-Tangible-Equity	Get a 7-Day Free Trial															10.00	19.80	14.47	20.77	38.40

Competitive Comparison of CVS Bay Area's Return-on-Tangible-Equity

For the Grocery Stores subindustry, CVS Bay Area'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.

CVS Bay Area's Return-on-Tangible-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, CVS Bay Area's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where CVS Bay Area's Return-on-Tangible-Equity falls into.

CVS Bay Area Return-on-Tangible-Equity Calculation

CVS Bay Area's annualized Return-on-Tangible-Equity for the fiscal year that ended in Feb. 2024 is calculated as

CVS Bay Area's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2024 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 four times the quarterly (Feb. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

CVS Bay Area  (TSE:2687) Return-on-Tangible-Equity Explanation

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.

CVS Bay Area Return-on-Tangible-Equity Related Terms

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CVS Bay Area (TSE:2687) Business Description