Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. JCK Legacy Co's annualizedNet Income for the quarter that ended in Jun. 2020 was €-123.4 Mil. JCK Legacy Co's average total tangible assets for the quarter that ended in Jun. 2020 was €332.9 Mil. Therefore, JCK Legacy Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2020 was -37.05%.
The historical rank and industry rank for JCK Legacy Co's Return-on-Tangible-Asset or its related term are showing as below:
FRA:MCAB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -94.66 Med: -2.02 Max: 32.92
Current: -138.51
During the past 13 years, JCK Legacy Co's highest Return-on-Tangible-Asset was 32.92%. The lowest was -94.66%. And the median was -2.02%.
FRA:MCAB's Return-on-Tangible-Asset is not ranked
in the Media - Diversified industry.
Industry Median: 1.06
vs FRA:MCAB: -138.51
JCK Legacy Co Return-on-Tangible-Asset Historical Data
The historical data trend for JCK Legacy Co's Return-on-Tangible-Asset 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 JCK Legacy Co's Return-on-Tangible-Asset
For the Publishing subindustry, JCK Legacy Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
JCK Legacy Co's Return-on-Tangible-Asset Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, JCK Legacy Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where JCK Legacy Co's Return-on-Tangible-Asset falls into.
JCK Legacy Co Return-on-Tangible-Asset Calculation
JCK Legacy Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2019 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2020) net income data.
JCK Legacy Co (FRA:MCAB) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
JCK Legacy Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of JCK Legacy Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
The McClatchy Co provides independent local journalism to various communities with operations in few states, as well as selected national news coverage through its Washington, D.C. bureau. It also provides a full suite of digital marketing services, through local sales teams and excelerate, its national digital marketing agency. The company is a publisher of brands such as the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News & Observer, and the Fort Worth Star-Telegram. Its two operating segments are the Western segment that consists of media companies operations in California, Washington, and the Central region; the Eastern segment consists of media company operations in the Carolinas and the East and Southeast regions.
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