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. Spirit Pub Co's annualized net income for the quarter that ended in Feb. 2015 was £7.8 Mil. Spirit Pub Co's average shareholder tangible equity for the quarter that ended in Feb. 2015 was £476.4 Mil. Therefore, Spirit Pub Co's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2015 was 1.64%.
The historical rank and industry rank for Spirit Pub Co's Return-on-Tangible-Equity or its related term are showing as below:
LSE:SPRT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -128.23 Med: 12.78 Max: 26.51
Current: 23.51
During the past 7 years, Spirit Pub Co's highest Return-on-Tangible-Equity was 26.51%. The lowest was -128.23%. And the median was 12.78%.
LSE:SPRT's Return-on-Tangible-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 8.2
vs LSE:SPRT: 23.51
Spirit Pub Co Return-on-Tangible-Equity Historical Data
The historical data trend for Spirit Pub Co'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 Spirit Pub Co's Return-on-Tangible-Equity
For the Leisure subindustry, Spirit Pub Co'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.
Spirit Pub Co's Return-on-Tangible-Equity Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Spirit Pub Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Spirit Pub Co's Return-on-Tangible-Equity falls into.
Spirit Pub Co Return-on-Tangible-Equity Calculation
Spirit Pub Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Aug. 2014 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 (Feb. 2015) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Spirit Pub Co (LSE:SPRT) 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.
Spirit Pub Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Spirit Pub Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Spirit Pub Co PLC was incorporated in England. The Company's trading activities are divided into two divisions; namely a Managed division and a Leased division. The Managed division involves pubs that are directly managed by the Group, and a Leased division which involves the granting of leases to licensees who run the pub as their own business, paying rent to the Group, purchasing beer and other drinks from the Group and entering into profit sharing arrangements for income from leisure machines. The Company holds 794 Managed pubs and 433 Leased pubs. The group operates solely in the United Kingdom.
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