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. Spar Group's annualized net income for the quarter that ended in Sep. 2023 was R-834 Mil. Spar Group's average shareholder tangible equity for the quarter that ended in Sep. 2023 was R2,075 Mil. Therefore, Spar Group's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was -40.18%.
The historical rank and industry rank for Spar Group's Return-on-Tangible-Equity or its related term are showing as below:
JSE:SPP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 18.94 Med: 108.94 Max: 818.02
Current: 18.94
During the past 13 years, Spar Group's highest Return-on-Tangible-Equity was 818.02%. The lowest was 18.94%. And the median was 108.94%.
JSE:SPP's Return-on-Tangible-Equity is ranked better than 65.1% of 298
companies
in the Retail - Defensive industry
Industry Median: 12.05
vs JSE:SPP: 18.94
Spar Group Return-on-Tangible-Equity Historical Data
The historical data trend for Spar Group'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 Spar Group's Return-on-Tangible-Equity
For the Food Distribution subindustry, Spar Group'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.
Spar Group's Return-on-Tangible-Equity Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Spar Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Spar Group's Return-on-Tangible-Equity falls into.
Spar Group Return-on-Tangible-Equity Calculation
Spar Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2023 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 two times the semi-annual (Sep. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Spar Group (JSE:SPP) 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.
Spar Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Spar Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Spar Group Ltd is a wholesaler and distributor of goods and services to the group's retail outlets such as SPAR stores, Build it builders' merchandise outlets, TOPS at SPAR liquor stores, and others across Southern Africa. The company also has operations that comprise independently owned SPAR, MACE, XL and Londis stores in Ireland and southwest England. The company provides independent retailers the option to own or lease its stores and operate under the SPAR brand. The Southern Africa segment represents the majority of group revenue, with Ireland contributing an increasing proportion. The company delivers goods to the stores by a fleet of trucks and trailers owned by the SPAR Group. The group has two primary private brands namely SPAR and SaveMor.
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