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Livestock Improvement (NZSE:LIC) Return-on-Tangible-Equity : 21.72% (As of Nov. 2023)


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What is Livestock Improvement 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. Livestock Improvement's annualized net income for the quarter that ended in Nov. 2023 was NZ$58.0 Mil. Livestock Improvement's average shareholder tangible equity for the quarter that ended in Nov. 2023 was NZ$266.9 Mil. Therefore, Livestock Improvement's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2023 was 21.72%.

The historical rank and industry rank for Livestock Improvement's Return-on-Tangible-Equity or its related term are showing as below:

NZSE:LIC' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.78   Med: 10.18   Max: 14.12
Current: 10.86

During the past 13 years, Livestock Improvement's highest Return-on-Tangible-Equity was 14.12%. The lowest was -2.78%. And the median was 10.18%.

NZSE:LIC's Return-on-Tangible-Equity is ranked better than
59.77% of 1792 companies
in the Consumer Packaged Goods industry
Industry Median: 7.78 vs NZSE:LIC: 10.86

Livestock Improvement Return-on-Tangible-Equity Historical Data

The historical data trend for Livestock Improvement'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.

* Premium members only.

Livestock Improvement Return-on-Tangible-Equity Chart

Livestock Improvement Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.65 11.51 7.95 9.74 10.62

Livestock Improvement Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 Nov23
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.65 38.11 -17.86 25.72 21.72

Competitive Comparison of Livestock Improvement's Return-on-Tangible-Equity

For the Farm Products subindustry, Livestock Improvement'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.


Livestock Improvement's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Livestock Improvement's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Livestock Improvement's Return-on-Tangible-Equity falls into.



Livestock Improvement Return-on-Tangible-Equity Calculation

Livestock Improvement's annualized Return-on-Tangible-Equity for the fiscal year that ended in May. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: May. 2022 )  (A: May. 2021 )(A: May. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: May. 2022 )  (A: May. 2021 )(A: May. 2022 )
=26.723/( (248.82+254.449 )/ 2 )
=26.723/251.6345
=10.62 %

Livestock Improvement's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Nov. 2023 )  (Q: Nov. 2022 )(Q: Nov. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Nov. 2023 )  (Q: Nov. 2022 )(Q: Nov. 2023 )
=57.962/( (263.454+270.281)/ 2 )
=57.962/266.8675
=21.72 %

* 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 (Nov. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Livestock Improvement  (NZSE:LIC) 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.


Livestock Improvement Return-on-Tangible-Equity Related Terms

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Livestock Improvement (NZSE:LIC) Business Description

Traded in Other Exchanges
N/A
Address
605 Ruakura Road, Newstead, Hamilton, NTL, NZL, 3286
Livestock Improvement Corp Ltd is an agri-tech and herd improvement company. The company's operating segments include NZ market genetics; Herd testing; Farm software and Diagnostics. It generates maximum revenue from the NZ market genetics segment. The NZ market genetics segment provides bovine genetic breeding material and related services, predominately to dairy farmers. Geographically, it derives a majority of revenue from New Zealand.

Livestock Improvement (NZSE:LIC) Headlines

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