GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » REXAM PLC (OTCPK:REXMY) » Definitions » Return-on-Tangible-Asset

REXAM (REXMY) Return-on-Tangible-Asset : 7.29% (As of Dec. 2015)


View and export this data going back to . Start your Free Trial

What is REXAM 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. REXAM's annualized Net Income for the quarter that ended in Dec. 2015 was $380 Mil. REXAM's average total tangible assets for the quarter that ended in Dec. 2015 was $5,217 Mil. Therefore, REXAM's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2015 was 7.29%.

The historical rank and industry rank for REXAM's Return-on-Tangible-Asset or its related term are showing as below:

REXMY's Return-on-Tangible-Asset is not ranked *
in the Packaging & Containers industry.
Industry Median: 3.405
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

REXAM Return-on-Tangible-Asset Historical Data

The historical data trend for REXAM'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.

* Premium members only.

REXAM Return-on-Tangible-Asset Chart

REXAM Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.65 4.93 2.27 9.65 5.19

REXAM Semi-Annual Data
Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.56 12.55 8.58 3.30 7.29

Competitive Comparison of REXAM's Return-on-Tangible-Asset

For the Packaging & Containers subindustry, REXAM'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.


REXAM's Return-on-Tangible-Asset Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, REXAM's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where REXAM's Return-on-Tangible-Asset falls into.



REXAM Return-on-Tangible-Asset Calculation

REXAM's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2015 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2015 )  (A: Dec. 2014 )(A: Dec. 2015 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2015 )  (A: Dec. 2014 )(A: Dec. 2015 )
=272.455/( (5231.612+5267.964)/ 2 )
=272.455/5249.788
=5.19 %

REXAM's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2015 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2015 )  (Q: Jun. 2015 )(Q: Dec. 2015 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2015 )  (Q: Jun. 2015 )(Q: Dec. 2015 )
=380.24/( (5165.109+5267.964)/ 2 )
=380.24/5216.5365
=7.29 %

* 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 two times the semi-annual (Dec. 2015) net income data.


REXAM  (OTCPK:REXMY) 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 company’s 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 company’s 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.


REXAM Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of REXAM's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


REXAM (REXMY) Business Description

Traded in Other Exchanges
N/A
Address
REXAM PLC was incorporated on July 13, 1923. It is a consumer packaging group and a beverage can maker. The Company is a manufacturer of beverage cans, the majority of which are made of aluminium. It makes all sorts of cans, in different shapes and sizes with different finishes, decorations and ends. It is based in the UK, and has factories across five continents. It is organised into four operating segments for Beverage Cans based on the geographical locations of Europe, AMEA (Africa, Middle East & Asia), North America and South America. For external reporting, the four operating segments for Beverage Cans are combined into two reportable segments, Americas and Europe & Rest of World. It makes a broad range of can sizes for products such as carbonated soft drinks, beer, energy drinks and other drinks categories. Beverage Cans comprise aluminium and steel cans for a variety of beverages including carbonated soft drinks, beer and energy drinks. The Company's customers include many of the world's favourite brands.

REXAM (REXMY) Headlines

From GuruFocus

Bernard Horn Comments on Rexam

By Holly LaFon Holly LaFon 03-21-2016