Shaw Communications (Shaw Communications) Return-on-Tangible-Asset : 8.81% (As of Nov. 2022)

Shaw Communications Return-on-Tangible-Asset Chart

Shaw Communications Annual Data
	Trend	Aug13	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22
Return-on-Tangible-Asset		Get a 7-Day Free Trial					0.57	10.31	9.02	13.12	10.06

Shaw Communications Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
Return-on-Tangible-Asset	Get a 7-Day Free Trial															10.55	10.56	10.85	9.01	8.81

Competitive Comparison of Shaw Communications's Return-on-Tangible-Asset

For the Telecom Services subindustry, Shaw Communications'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.

Shaw Communications's Return-on-Tangible-Asset Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Shaw Communications's Return-on-Tangible-Asset distribution charts can be found below:

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

Shaw Communications Return-on-Tangible-Asset Calculation

Shaw Communications's annualized Return-on-Tangible-Asset for the fiscal year that ended in Aug. 2022 is calculated as:

Shaw Communications's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2022 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 (Nov. 2022) net income data.

Shaw Communications  (NYSE:SJR) 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.

Shaw Communications Return-on-Tangible-Asset Related Terms

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Shaw Communications (Shaw Communications) Business Description