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Canadian Tire Corporation - Stock

Canadian Tire Corporation ROE 2024

Canadian Tire Corporation ROE

0.04

Canadian Tire Corporation Dividend yield

4.93 %

Ticker

CTC.A.TO

ISIN

CA1366812024

WKN

858397

In 2024, Canadian Tire Corporation's return on equity (ROE) was 0.04, a -79.31% increase from the 0.19 ROE in the previous year.

Canadian Tire Corporation Aktienanalyse

What does Canadian Tire Corporation do?

Canadian Tire Corporation Ltd is one of the most well-known and largest retail companies in Canada. Since its establishment in 1922, the corporation has become an important part of the Canadian economy, offering a wide range of products and services to its customers. The company is headquartered in Toronto and operates over 1,700 stores in Canada. The company was founded in 1922 in Toronto as a small business for auto accessories and repairs. The founder, John W. Billes, had the idea to build a distribution chain for auto parts and accessories and opened his first store in Toronto. In the 1930s, Canadian Tire expanded its focus and added household products to its offerings. In the 1950s, the company went public and since then has undergone impressive growth. Canadian Tire has acquired several companies in the past and also opened new divisions to diversify its offerings for customers. Today, the company is the fourth largest retailer in Canada, supplying various sectors from auto parts to leisure items and household products. The business model of Canadian Tire is based on the idea of providing customers with a comprehensive selection of products and services. The company specializes in the sale of auto parts and accessories, offering a variety of products for cars and trucks including tires, batteries, motor oil, windshield wipers, car seats, stereo systems, and more. Canadian Tire also offers a wide range of household products such as furniture, household goods, appliances, and kitchenware. Sports equipment such as bicycles, camping gear, fitness equipment, and more are also available. The company is not only known for its product sales, but also offers various services for the whole family, including travel and financial services, as well as auto parts installation. Canadian Tire operates various business divisions that complement its offerings. The most well-known ones include the large retail company Canadian Tire, the online trading company SportChek, the prestigious clothing store Mark's, and the home improvement store Canadian Tire Home Hardware. These different business segments allow the company to reach a wider audience and meet the diverse needs and requirements of customers. The product range of Canadian Tire is extensive, offering a wide selection of products and brands. The company offers a range of well-known and reputable brands such as Michelin, Karcher, KitchenAid, Cuisinart, Coleman, Weider, and many more. Canadian Tire continuously expands its product range and also offers its own brands such as 'Mastercraft', 'Motomaster', 'Simoniz', and 'Greenworks'. These private labels have a large following within Canada and are known for their quality and good prices. In conclusion, Canadian Tire is a diversified retail company that offers a wide range of products and services for Canada. The company has an impressive history and continues to grow steadily. The sale of auto parts and accessories is an important part of the business model, but the company also offers a variety of household and leisure items. The different business divisions allow the company to meet the different needs and requirements of customers. With its various own brands known for their quality and fair prices, the company plays an important role in Canada and is a significant part of the Canadian economy. Canadian Tire Corporation ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROE Details

Decoding Canadian Tire Corporation's Return on Equity (ROE)

Canadian Tire Corporation's Return on Equity (ROE) is a fundamental metric evaluating the company's profitability relative to its equity. Calculated by dividing net income by shareholder's equity, ROE illustrates how effectively the company is generating profits from shareholders’ investments. A higher ROE represents enhanced efficiency and profitability.

Year-to-Year Comparison

Analyzing Canadian Tire Corporation's ROE on a yearly basis aids in tracking its profitability trends and financial performance. An increasing ROE suggests enhanced profitability and value generation for shareholders, whereas a declining ROE may indicate issues in profit generation or equity management.

Impact on Investments

Canadian Tire Corporation's ROE is instrumental for investors assessing the company's profitability, efficiency, and investment attractiveness. A robust ROE indicates the firm’s adeptness at converting equity investments into profits, thereby enhancing its appeal to potential and current investors.

Interpreting ROE Fluctuations

Changes in Canadian Tire Corporation’s ROE can emanate from variations in net income, equity capital, or both. These fluctuations are scrutinized to evaluate management’s effectiveness, financial strategies, and the inherent risks and opportunities, aiding investors in making informed decisions.

Frequently Asked Questions about Canadian Tire Corporation Stock

What is the ROE (Return on Equity) of Canadian Tire Corporation this year?

The ROE of Canadian Tire Corporation this year is 0.04 undefined.

How has the Return on Equity (ROE) of Canadian Tire Corporation developed compared to the previous year?

The ROE of Canadian Tire Corporation has increased by -79.31% decreased compared to the previous year.

What impact does a high ROE (Return on Equity) have on investors of Canadian Tire Corporation?

A high ROE indicates that Canadian Tire Corporation generates good returns on capital and is successful in monetizing its investments. This is a positive indicator for investors.

What impact does a low ROE (Return on Equity) have on investors of Canadian Tire Corporation?

A low ROE can indicate that Canadian Tire Corporation is having difficulties monetizing its investments successfully and can be a negative signal for investors.

How does a change in the ROE (Return on Equity) of Canadian Tire Corporation affect the company?

A change in ROE (Return on Equity) of Canadian Tire Corporation can be an indicator of the financial performance of the company and demonstrate how successful the company is compared to other companies in the same industry.

How to calculate the ROE (Return on Equity) of Canadian Tire Corporation?

The ROE (Return on Equity) is calculated by dividing the company's profit by the total equity. The formula is: ROE = Profit / Total equity.

Which factors influence the ROE (Return on Equity) of Canadian Tire Corporation?

Some factors that can influence Canadian Tire Corporation's Return on Equity (ROE) include the efficiency in using equity, the profitability of the company, and the financing structure.

What strategic measures can take to improve the ROE (Return on Equity)?

To improve the Return on Equity (ROE), can take measures such as cost savings, increasing revenue, improving efficiency in the use of equity, and making changes in the financing structure. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to improve ROE.

How much dividend does Canadian Tire Corporation pay?

Over the past 12 months, Canadian Tire Corporation paid a dividend of 6.9 CAD . This corresponds to a dividend yield of about 4.93 %. For the coming 12 months, Canadian Tire Corporation is expected to pay a dividend of 7.86 CAD.

What is the dividend yield of Canadian Tire Corporation?

The current dividend yield of Canadian Tire Corporation is 4.93 %.

When does Canadian Tire Corporation pay dividends?

Canadian Tire Corporation pays a quarterly dividend. This is distributed in the months of August, November, February, May.

How secure is the dividend of Canadian Tire Corporation?

Canadian Tire Corporation paid dividends every year for the past 23 years.

What is the dividend of Canadian Tire Corporation?

For the upcoming 12 months, dividends amounting to 7.86 CAD are expected. This corresponds to a dividend yield of 5.61 %.

In which sector is Canadian Tire Corporation located?

Canadian Tire Corporation is assigned to the 'Cyclical consumption' sector.

Wann musste ich die Aktien von Canadian Tire Corporation kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Canadian Tire Corporation from 6/1/2024 amounting to 1.75 CAD, you needed to have the stock in your portfolio before the ex-date on 4/29/2024.

When did Canadian Tire Corporation pay the last dividend?

The last dividend was paid out on 6/1/2024.

What was the dividend of Canadian Tire Corporation in the year 2023?

In the year 2023, Canadian Tire Corporation distributed 5.85 CAD as dividends.

In which currency does Canadian Tire Corporation pay out the dividend?

The dividends of Canadian Tire Corporation are distributed in CAD.

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Andere Kennzahlen von Canadian Tire Corporation

Our stock analysis for Canadian Tire Corporation Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Canadian Tire Corporation Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.