GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Richards Packaging Income Fund (TSX:RPI.UN) » Definitions » Return-on-Tangible-Asset

Richards Packagingome Fund (TSX:RPI.UN) Return-on-Tangible-Asset : 19.47% (As of Mar. 2024)


View and export this data going back to 2004. Start your Free Trial

What is Richards Packagingome Fund 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. Richards Packagingome Fund's annualized Net Income for the quarter that ended in Mar. 2024 was C$34.0 Mil. Richards Packagingome Fund's average total tangible assets for the quarter that ended in Mar. 2024 was C$174.5 Mil. Therefore, Richards Packagingome Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 19.47%.

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

TSX:RPI.UN' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.97   Med: 16.78   Max: 27.71
Current: 20.33

During the past 13 years, Richards Packagingome Fund's highest Return-on-Tangible-Asset was 27.71%. The lowest was 0.97%. And the median was 16.78%.

TSX:RPI.UN's Return-on-Tangible-Asset is ranked better than
97.16% of 387 companies
in the Packaging & Containers industry
Industry Median: 3.43 vs TSX:RPI.UN: 20.33

Richards Packagingome Fund Return-on-Tangible-Asset Historical Data

The historical data trend for Richards Packagingome Fund'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.

Richards Packagingome Fund Return-on-Tangible-Asset Chart

Richards Packagingome Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.49 27.71 0.97 21.21 20.02

Richards Packagingome Fund Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 19.19 22.31 17.03 22.41 19.47

Competitive Comparison of Richards Packagingome Fund's Return-on-Tangible-Asset

For the Packaging & Containers subindustry, Richards Packagingome Fund'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.


Richards Packagingome Fund's Return-on-Tangible-Asset Distribution in the Packaging & Containers Industry

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

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



Richards Packagingome Fund Return-on-Tangible-Asset Calculation

Richards Packagingome Fund's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=38.893/( (208.954+179.495)/ 2 )
=38.893/194.2245
=20.02 %

Richards Packagingome Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=33.964/( (179.495+169.436)/ 2 )
=33.964/174.4655
=19.47 %

* 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 (Mar. 2024) net income data.


Richards Packagingome Fund  (TSX:RPI.UN) 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.


Richards Packagingome Fund Return-on-Tangible-Asset Related Terms

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


Richards Packagingome Fund (TSX:RPI.UN) Business Description

Traded in Other Exchanges
Address
6095 Ordan Drive, Mississauga, ON, CAN, L5T 2M7
Richards Packaging Income Fund is involved in packaging distribution businesses. The company principally distributes plastic and glass containers and associated closures. It is used in packaging for cosmetics, healthcare, food, beverage, and other products. Geographically, it derives a majority of its revenue from Canada.

Richards Packagingome Fund (TSX:RPI.UN) Headlines

No Headlines