The historical rank and industry rank for BAVARIA Industries Group AG's Return-on-Tangible-Asset or its related term are showing as below:
XTER:B8A'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.99 Med: 2.83 Max: 22.48
Current: -1.39
During the past 13 years, BAVARIA Industries Group AG's highest Return-on-Tangible-Asset was 22.48%. The lowest was -3.99%. And the median was 2.83%.
XTER:B8A's Return-on-Tangible-Asset is ranked worse than 74.69% of 1711
companies
in the Asset Management industry
Industry Median: 3.09
vs XTER:B8A: -1.39
BAVARIA Industries Group AG 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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BAVARIA Industries Group AG Return-on-Tangible-Asset Chart
Competitive Comparison of BAVARIA Industries Group AG's Return-on-Tangible-Asset
For the Asset Management subindustry, BAVARIA Industries Group AG'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.
BAVARIA Industries Group AG's Return-on-Tangible-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, BAVARIA Industries Group AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BAVARIA Industries Group AG's Return-on-Tangible-Asset falls into.
BAVARIA Industries Group AG Return-on-Tangible-Asset Calculation
BAVARIA Industries Group AG's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 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 two times the semi-annual (Jun. 2023) net income data.
BAVARIA Industries Group AG (XTER:B8A) 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.
BAVARIA Industries Group AG Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of BAVARIA Industries Group AG's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
BAVARIA Industries Group AG (XTER:B8A) Business Description
BAVARIA Industries Group AG is a Germany-based holding company that acquires underperforming companies and boosts their performance through active management. The company's portfolio comprises companies from the areas of serial production and automotive, plant engineering and construction, and business services. It pursues three objectives, cutting costs, developing new sources of turnover and protecting jobs wherever possible. It relies on the initiative of the investee company's workforce to boost innovation and avoid all forms of waste, such as reject rates or unnecessary downtime during production.
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