What is Hillshire Brands Co Return-on-Tangible-Asset?
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. Hillshire Brands Co's annualizedNet Income for the quarter that ended in Jun. 2014 was $108 Mil. Hillshire Brands Co's average total tangible assets for the quarter that ended in Jun. 2014 was $2,021 Mil. Therefore, Hillshire Brands Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2014 was 5.34%.
The historical rank and industry rank for Hillshire Brands Co's Return-on-Tangible-Asset or its related term are showing as below:
LSE:HSH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.42 Med: 12.46 Max: 28.64
Current: 10.75
During the past 13 years, Hillshire Brands Co's highest Return-on-Tangible-Asset was 28.64%. The lowest was -6.42%. And the median was 12.46%.
LSE:HSH's Return-on-Tangible-Asset is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 3.225
vs LSE:HSH: 10.75
Hillshire Brands Co Return-on-Tangible-Asset Historical Data
The historical data trend for Hillshire Brands 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.
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Hillshire Brands Co Return-on-Tangible-Asset Chart
Competitive Comparison of Hillshire Brands Co's Return-on-Tangible-Asset
For the Packaged Foods subindustry, Hillshire Brands 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.
Hillshire Brands Co's Return-on-Tangible-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hillshire Brands Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hillshire Brands Co's Return-on-Tangible-Asset falls into.
Hillshire Brands Co Return-on-Tangible-Asset Calculation
Hillshire Brands Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2013 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. 2014) net income data.
Hillshire Brands Co (LSE:HSH) 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.
Hillshire Brands Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Hillshire Brands Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Hillshire Brands Co (LSE:HSH) Business Description
Hillshire Brands Co was organized as a corporation in Baltimore, Maryland in 1941 as The C.D. Kenny Company, was renamed Sara Lee Corporation in 1985 and adopted its current name in June 2012. It is a manufacturer and marketer of food products. It provides meat-centric food solutions for the retail and foodservice markets. The Company's Brands' portfolio includes iconic brands such as Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef Pierre pies, as well as artisanal brands Aidells and Gallo Salame. Its operations are organized around two business segments - Retail and Foodservice/Other. Retail sells a variety of packaged meat and frozen bakery products to retail customers in North America. Products include hot dogs and corn dogs, breakfast sausages, breakfast convenience items, including breakfast sandwiches and bowls, dinner sausages, premium deli and luncheon meats and cooked hams, as well as frozen pies, cakes, cheesecakes and other desserts. The primary raw materials for the segment's products include pork and beef, which are purchased almost entirely from third party suppliers and independent farmers, and poultry. The branded meat business is highly competitive, with an emphasis on product quality, innovation and value. New product innovations are a key component to its success. The Retail segment competes with other international, national, regional and local companies in each of the product categories. Foodservice/Other sells a variety of meat and bakery products to foodservice customers in North America. Products include hot dogs and corn dogs, breakfast sausages and sandwiches, dinner sausages, premium deli and luncheon meats, ham, beef and turkey as well as a variety of bakery products, including pastries, muffins, frozen pies, cakes and cheesecakes. The primary raw materials for Foodservice/Other's products include pork, beef and poultry and, to a lesser extent, wheat flour, sugar, corn syrup, cooking oils, butter, fruit and eggs, which are purchased from independent suppliers and farmers. The Foodservice/Other segment competes with other international, national, regional and local companies in each of its product categories. It considers major mass retailers and supermarket chains in the United States to be its most significant customers. The Company is subject to regulations administered by the U.S. Department of Agriculture and the Food and Drug Administration.
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