What is Gildan Activewear Return-on-Tangible-Asset?
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Gildan Activewear's annualizedNet Income for the quarter that ended in Dec. 2023 was $613 Mil. Gildan Activewear's average total tangible assets for the quarter that ended in Dec. 2023 was $3,030 Mil. Therefore, Gildan Activewear's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 20.24%.
The historical rank and industry rank for Gildan Activewear's Return-on-Tangible-Asset or its related term are showing as below:
GIL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.67 Med: 15 Max: 23.94
Current: 17.38
During the past 13 years, Gildan Activewear's highest Return-on-Tangible-Asset was 23.94%. The lowest was -8.67%. And the median was 15.00%.
GIL's Return-on-Tangible-Asset is ranked better than 94.75% of 1085
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.92
vs GIL: 17.38
Gildan Activewear Return-on-Tangible-Asset Historical Data
The historical data trend for Gildan Activewear's Return-on-Tangible-Asset 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 Gildan Activewear's Return-on-Tangible-Asset
For the Apparel Manufacturing subindustry, Gildan Activewear's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Gildan Activewear's Return-on-Tangible-Asset Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gildan Activewear's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Gildan Activewear's Return-on-Tangible-Asset 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-Asset, the net income of the last fiscal year and the average total tangible assets 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-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Gildan Activewear Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Gildan Activewear's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Gildan Activewear (Gildan Activewear) Business Description
Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts, sweatshirts, and other apparel to wholesalers, major clothing brands, and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels. Brands include Gildan, American Apparel, Comfort Colors, and Gold Toe. Gildan produces most of its clothing at factories in Latin America and recently began operating a new plant in Bangladesh. Incorporated in 1984, the Montreal-based company operates internationally but generates nearly 90% of its sales in the U.S.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GIL has been successfully added to your 