What is Lassonde Industries 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. Lassonde Industries's annualized net income for the quarter that ended in Dec. 2023 was C$84 Mil. Lassonde Industries's average shareholder tangible equity for the quarter that ended in Dec. 2023 was C$416 Mil. Therefore, Lassonde Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 20.23%.
The historical rank and industry rank for Lassonde Industries's Return-on-Tangible-Equity or its related term are showing as below:
TSX:LAS.A'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 16.68 Med: 56.92 Max: 159.52
Current: 22.67
During the past 13 years, Lassonde Industries's highest Return-on-Tangible-Equity was 159.52%. The lowest was 16.68%. And the median was 56.92%.
TSX:LAS.A's Return-on-Tangible-Equity is ranked better than 66.34% of 101
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 14.53
vs TSX:LAS.A: 22.67
Lassonde Industries Return-on-Tangible-Equity Historical Data
The historical data trend for Lassonde Industries'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 Lassonde Industries's Return-on-Tangible-Equity
For the Beverages - Non-Alcoholic subindustry, Lassonde Industries'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.
Lassonde Industries's Return-on-Tangible-Equity Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Lassonde Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Lassonde Industries'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 (Dec. 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.
Lassonde Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Lassonde Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Lassonde Industries (TSX:LAS.A) Business Description
Lassonde Industries Inc is engaged in the development, manufacturing, and marketing of ready-to-drink fruit and vegetable juices and drinks. It also acts as a producer of store-brand shelf-stable fruit juices and drinks in the United States and a producer of cranberry sauces. The company operates through a single segment the development, manufacturing, and marketing of a wide range of ready-to-drink juices and drinks; frozen juice concentrates; and specialty food products; and the importation, packaging, and marketing of selected wines from several countries of origin. Lassonde has a presence in Canada and the United States. It earns the majority of the revenue in the United States.
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