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. Kenvue's annualized net income for the quarter that ended in Mar. 2024 was $1,184 Mil. Kenvue's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $-7,734 Mil. Therefore, Kenvue's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was Negative Tangible Equity%.
The historical rank and industry rank for Kenvue's Return-on-Tangible-Equity or its related term are showing as below:
KVUE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 503.41 Med: 503.41 Max: 503.41
Current: Negative Tangible Equity
During the past 5 years, Kenvue's highest Return-on-Tangible-Equity was 503.41%. The lowest was 503.41%. And the median was 503.41%.
KVUE's Return-on-Tangible-Equity is ranked better than 99.94% of 1793
companies
in the Consumer Packaged Goods industry
Industry Median: 7.73
vs KVUE: Negative Tangible Equity
Kenvue Return-on-Tangible-Equity Historical Data
The historical data trend for Kenvue'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 Kenvue's Return-on-Tangible-Equity
For the Household & Personal Products subindustry, Kenvue'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.
Kenvue's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Kenvue's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kenvue's Return-on-Tangible-Equity falls into.
Kenvue Return-on-Tangible-Equity Calculation
Kenvue's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 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 four times the quarterly (Mar. 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.
Kenvue Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Kenvue's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Kenvue is the world's largest pure-play consumer health company by sales, generating $15 billion in annual revenue. Formerly known as Johnson & Johnson's consumer segment, Kenvue spun off and went public in May 2023. It operates in a variety of silos within consumer health, such as cough, cold and allergy care, pain management, face and body care, and oral care, as well as women's health. Its portfolio includes a wide array of some of the most well-known brands in the space, including Tylenol, Listerine, Johnson's, Aveeno, and Neutrogena. Despite playing in a fragmented industry with intense competition and ever-changing consumer preferences, many of Kenvue's brands are the global leader in their respective segment thanks to their strong brand power.
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