The historical rank and industry rank for Perma-Pipe International Holdings's Return-on-Tangible-Asset or its related term are showing as below:
PPIH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.51 Med: -0.33 Max: 7.7
Current: 7.7
During the past 13 years, Perma-Pipe International Holdings's highest Return-on-Tangible-Asset was 7.70%. The lowest was -10.51%. And the median was -0.33%.
PPIH's Return-on-Tangible-Asset is ranked better than 79.44% of 1668
companies
in the Construction industry
Industry Median: 2.73
vs PPIH: 7.70
Perma-Pipe International Holdings Return-on-Tangible-Asset Historical Data
* 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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Perma-Pipe International Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of Perma-Pipe International Holdings's Return-on-Tangible-Asset
For the Building Products & Equipment subindustry, Perma-Pipe International Holdings'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.
Perma-Pipe International Holdings's Return-on-Tangible-Asset Distribution in the Construction Industry
For the Construction industry and Industrials sector, Perma-Pipe International Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Perma-Pipe International Holdings's Return-on-Tangible-Asset falls into.
Perma-Pipe International Holdings Return-on-Tangible-Asset Calculation
Perma-Pipe International Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jan. 2024 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 (Jan. 2024) net income data.
Perma-Pipe International Holdings (NAS:PPIH) 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.
Perma-Pipe International Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Perma-Pipe International Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Perma-Pipe International Holdings (Perma-Pipe International Holdings) Business Description
Perma-Pipe International Holdings Inc is engaged in the manufacture and sale of products in the reportable segment of Piping Systems. The company engineers, designs, manufactures and sells specialty piping systems and leak detection systems. Specialty piping systems include insulated and jacketed district heating and cooling piping systems for efficient energy distribution from central energy plants to multiple locations, primary and secondary containment piping systems for transporting chemicals, hazardous fluids and petroleum products, and the coating and insulation of oil and gas gathering and transmission pipelines. It operates in the United States, Canada, Middle East, Europe, India and other countries.
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