What is Albany International 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. Albany International's annualizedNet Income for the quarter that ended in Dec. 2023 was $122 Mil. Albany International's average total tangible assets for the quarter that ended in Dec. 2023 was $1,589 Mil. Therefore, Albany International's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 7.66%.
The historical rank and industry rank for Albany International's Return-on-Tangible-Asset or its related term are showing as below:
AIN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.04 Med: 7 Max: 10.83
Current: 7.32
During the past 13 years, Albany International's highest Return-on-Tangible-Asset was 10.83%. The lowest was 3.04%. And the median was 7.00%.
AIN's Return-on-Tangible-Asset is ranked better than 80.37% of 1085
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.92
vs AIN: 7.32
Albany International Return-on-Tangible-Asset Historical Data
The historical data trend for Albany International'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.
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Albany International Return-on-Tangible-Asset Chart
Competitive Comparison of Albany International's Return-on-Tangible-Asset
For the Textile Manufacturing subindustry, Albany International'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.
Albany International's Return-on-Tangible-Asset Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Albany International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Albany International's Return-on-Tangible-Asset falls into.
Albany International Return-on-Tangible-Asset Calculation
Albany International's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 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 (Dec. 2023) net income data.
Albany International (NYSE:AIN) 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.
Albany International Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Albany International's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Albany International (Albany International) Business Description
Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has a global operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.
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