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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. CHC Group's annualized Net Income for the quarter that ended in Oct. 2016 was $-510 Mil. CHC Group's average total tangible assets for the quarter that ended in Oct. 2016 was $1,725 Mil. Therefore, CHC Group's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2016 was -29.59%.
The historical rank and industry rank for CHC Group's Return-on-Tangible-Asset or its related term are showing as below:
The historical data trend for CHC Group'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.
CHC Group Annual Data | |||||||||||||||||||||
Trend | Apr05 | Apr06 | Apr07 | Apr08 | Apr11 | Apr12 | Apr13 | Apr14 | Apr15 | Apr16 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -5.26 | -5.52 | -7.25 | -35.19 | -21.26 |
CHC Group Quarterly Data | ||||||||||||||||||||
Apr11 | Apr12 | Jul12 | Oct12 | Jan13 | Apr13 | Jul13 | Oct13 | Jan14 | Apr14 | Jul14 | Oct14 | Jan15 | Apr15 | Jul15 | Oct15 | Jan16 | Apr16 | Jul16 | Oct16 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -8.76 | -14.67 | -52.94 | -175.73 | -29.59 |
For the Oil & Gas Equipment & Services subindustry, CHC Group'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.
For the Oil & Gas industry and Energy sector, CHC Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CHC Group's Return-on-Tangible-Asset falls into.
CHC Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Apr. 2016 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Apr. 2016 ) | (A: Apr. 2015 ) | (A: Apr. 2016 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Apr. 2016 ) | (A: Apr. 2015 ) | (A: Apr. 2016 ) | |||||
= | -440.023 | / | ( (2081.981 | + | 2057.527) | / 2 ) | |
= | -440.023 | / | 2069.754 | ||||
= | -21.26 % |
CHC Group's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2016 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Oct. 2016 ) | (Q: Jul. 2016 ) | (Q: Oct. 2016 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Oct. 2016 ) | (Q: Jul. 2016 ) | (Q: Oct. 2016 ) | |||||
= | -510.452 | / | ( (1745.406 | + | 1704.519) | / 2 ) | |
= | -510.452 | / | 1724.9625 | ||||
= | -29.59 % |
* 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 (Oct. 2016) net income data.
CHC Group (OTCPK:HELIQ) 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.
Thank you for viewing the detailed overview of CHC Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
William L Transier | director | 3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043 |
Cd&r Investment Associates Ix, Ltd. | 10 percent owner | MAPLES CORPORATE SERVICES LIMITED, UGLAND HOUSE, GRAND CAYMAN E9 KY101194 |
William G. Schrader | director | HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036 |
Francis S Kalman | director | 777 N ELDRIDGE PARKWAY, HOUSTON TX 77079 |
Lee Eckert | officer: SVP and CFO | C/O CHC GROUP LTD., 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 |
Amelio J. William | director, officer: President and CEO | C/O CHC GROUP LTD., 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 |
Michael J Oneill | officer: Senior Vice President | 1299 PENNSYVLANIA AVE NW, HOWREY SIMON ARNOLD & WHITE, WASHINGTON DC 20004 |
Peter Bartolotta | officer: Chief Operating Officer | C/O CHC GROUP LTD., 190 ELGIN AVENUE, GEORGE TOWN E9 KY1-9005 |
Joan S Hooper | officer: Chief Financial Officer | ONE DELL WAY, ROUND ROCK TX 78682 |
John Krenicki | director | 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102 |
Nathan K Sleeper | director | 375 PARK AVENUE, 18TH FLOOR, NEW YORK CITY NY 10152 |
John Mogford | director | 25 VICTORIA STREET, LONDON X0 SW1H 0EX |
Michael L Summers | officer: Senior Vice President | C/O CELANESE CORPORATION, 1601 W. LBJ FREEWAY, DALLAS TX 75234 |
Fr Xi Offshore Gp Ltd | director, 10 percent owner | ONE LAFAYETTE PLACE, THIRD FLOOR, GREENWICH CT 06830 |
First Reserve Gp Xii Ltd | director, 10 percent owner | 262 HARBOR DRIVE, THIRD FLOOR, STAMFORD CT 06902 |
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