Return on Tangible Equity (Quarterly)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Watsco, Inc. (WSO) had Return on Tangible Equity of 9.04% for the most recently reported fiscal quarter, ending 2024-06-30.

Quarterly Annual

Figures for fiscal quarter ending 2024-06-30

Income Statement Financials
Revenue	$2.14B
Net Income	$168.79M
Cost of Goods Sold	$1.56B
Gross Profit	$579.76M
Operating Expenses	$1.87B
Operating Income	$268.80M
Non-Operating Income/Expense	$4.91M
Pre-Tax Income	$273.72M
Normalized Pre-Tax Income	$273.72M
Income after Taxes	$214.65M
Income from Continuous Operations	$214.65M
Consolidated Net Income/Loss	$214.65M
Normalized Income after Taxes	$214.65M
EBIT	$268.80M
EBITDA	$278.81M
Weighted-Average Shares Outstanding (Basic)	37.51M
Weighted-Average Shares Outstanding (Diluted)	37.63M
Earnings per Share (EPS) (Basic)	$4.50
Earnings per Share (EPS) (Diluted)	$4.49
Balance Sheet Financials
Current Assets	$3.03B
Property, Plant, and Equipment	$138.30M
Long-Term Assets	$1.36B
Total Assets	$4.40B
Current Liabilities	$945.17M
Long-Term Debt	$15.68M
Long-Term Liabilities	$405.97M
Total Liabilities	$1.35B
Common Equity	$3.04B
Tangible Shareholders Equity	$2.37B
Shareholders Equity	$3.04B
Common Shares Outstanding	40.34M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$161.44M
Cash Flow from Investing Activities	$-217.31M
Cash Flow from Financial Activities	$73.81M
Beginning Cash	$210.11M
End Cash	$224.85M
Increase/Decrease in Cash	$14.74M
Stock-Based Compensation	$25.25M
Common Stock Dividends Paid	$-205.57M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	3.21
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.01
Debt to Equity Ratio	0.01
Gross Margin	27.10%
Operating Margin	12.56%
EBIT Margin	12.56%
EBITDA Margin	--
Pre-Tax Profit Margin	12.79%
Profit Margin	7.89%
Free Cash Flow	$149.30M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.49
Inventory Turnover	0.99
Receiveable Turnover	2.14
Days Sales in Receivables	42.13
Return on Equity	7.05%
Return on Tangible Equity	9.04%
Return on Assets	4.88%
Return on Investments	7.01%
Book Value Per Share	$75.47
Free Cash Flow per Share	$3.97
Operating Cash Flow per Share	$4.29

Data from Zacks Investment Research, Inc.