Thorn Group

Thorn Group ROE

Delisted

The Return on Equity (ROE) of Thorn Group (TGA.AX) as of Nov 4, 2026 is 4.98 %. In the previous year, Return on Equity (ROE) was 31.47 % — a change of -84.18% (lower).

ROE

4.98 %

YoY

-84.18%

Last updated:

In 2023, Thorn Group's return on equity (ROE) was 4.98 %, a -84.18% increase from the 31.47 % ROE in the previous year.

The Thorn Group ROE history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROE
Date
ROE
Jan 1, 2016
9.19 AUD
Jan 1, 2017
12.31 AUD
Jan 1, 2018
-1.11 AUD
Jan 1, 2019
-8.89 AUD
Jan 1, 2020
-76.64 AUD
Jan 1, 2021
8.83 AUD
Jan 1, 2022
31.47 AUD
Jan 1, 2023
4.98 AUD
The Thorn Group ROE history
YEARROEYoY
4.98 %-84.18%
31.47 %+256.54%
8.83 %-111.52%
-76.64 %+762.04%
-8.89 %+703.29%
-1.11 %-108.99%
12.31 %+33.86%
9.19 %-38.22%
14.88 %—

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Thorn Group Stock analysis

What does Thorn Group do? Thorn Group Ltd is an Australian company that was founded in 1937. Since then, it has become one of the leading providers of financial and rental services in Australia. The company's origins lie in the sale of small appliances such as radios and televisions, sold to customers on installment plans. Over time, Thorn also expanded into other areas such as furniture and appliance rentals. Today, Thorn Rentals and its associated brand name Radio Rentals are just part of Thorn's wide range of services. The company also operates Thorn Finance, Thorn Trade and Asset Finance, and National Credit Management Ltd. Thorn's business model primarily involves offering financial and rental services to customers in Australia and New Zealand. These services range from financing consumer goods to renting furniture and household appliances. In its rental business, Thorn offers a wide range of furniture and appliances that customers can rent on a long-term basis. This rental business allows customers to use or own products that they otherwise could not afford. In the field of financial services, Thorn offers various credit options. For example, customers can purchase electronic devices on installment plans or apply for a loan to finance a car. In addition, the company also offers trade finance and leasing services that allow customers to conduct their businesses in a legally secure manner. One important division of Thorn is the Asset Finance sector. Here, the company provides tailored commercial leasing solutions to meet its customers' needs. This division specifically targets small to medium-sized businesses and the agriculture sector. Thorn is headquartered in Sydney, Australia, and has been listed on the Australian stock exchange since 2006. The company employs approximately 1,000 people and operates more than 70 branches in Australia and New Zealand. The products offered by Thorn include household appliances such as refrigerators, washing machines, and dryers, as well as entertainment electronics such as televisions, hi-fi systems, and computers. In addition, Thorn also offers furniture, including beds, sofas, and dining room furniture. In the automotive sector, Thorn offers a wide range of financing solutions, including car loans and leasing options. Additionally, the company also provides warranties and insurance policies that offer customers a high level of protection. Overall, Thorn Group Ltd has established itself as one of the leading companies in Australia and New Zealand in the finance and rental sectors. With a wide range of services and a strong focus on meeting the needs of its customers, the company will remain an important player in the Australian market in the future. Thorn Group is one of the most popular companies on Eulerpool.

ROE Details

Decoding Thorn Group's Return on Equity (ROE)

Thorn Group'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 Thorn Group'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

Thorn Group'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 Thorn Group’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 Thorn Group stock

Return on Equity (ROE) of Thorn Group is 4.98 % in 2023.

Return on Equity (ROE) of Thorn Group changed from 31.47 % to 4.98 %, representing a -84.18% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Return on Equity (ROE) Thorn Group since 2006 – with annual values, charts, and detailed analysis.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Equity (ROE)'s Thorn Group with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Equity (ROE)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Equity (ROE).

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Profitability — Thorn Group

All Key Metrics — Thorn Group