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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. Acuity Brands's annualized Net Income for the quarter that ended in Feb. 2024 was $357 Mil. Acuity Brands's average total tangible assets for the quarter that ended in Feb. 2024 was $1,931 Mil. Therefore, Acuity Brands's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2024 was 18.48%.
The historical rank and industry rank for Acuity Brands's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Acuity Brands's highest Return-on-Tangible-Asset was 22.78%. The lowest was 14.01%. And the median was 18.35%.
The historical data trend for Acuity Brands'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.
Acuity Brands Annual Data | |||||||||||||||||||||
Trend | Aug14 | Aug15 | Aug16 | Aug17 | Aug18 | Aug19 | Aug20 | Aug21 | Aug22 | Aug23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 20.28 | 14.01 | 16.50 | 20.35 | 18.72 |
Acuity Brands Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 18.20 | 23.05 | 18.09 | 21.61 | 18.48 |
For the Electrical Equipment & Parts subindustry, Acuity Brands'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.
For the Industrial Products industry and Industrials sector, Acuity Brands's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Acuity Brands's Return-on-Tangible-Asset falls into.
Acuity Brands's annualized Return-on-Tangible-Asset for the fiscal year that ended in Aug. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Aug. 2023 ) | (A: Aug. 2022 ) | (A: Aug. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Aug. 2023 ) | (A: Aug. 2022 ) | (A: Aug. 2023 ) | |||||
= | 346 | / | ( (1866.7 | + | 1829.4) | / 2 ) | |
= | 346 | / | 1848.05 | ||||
= | 18.72 % |
Acuity Brands's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Feb. 2024 ) | (Q: Nov. 2023 ) | (Q: Feb. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Feb. 2024 ) | (Q: Nov. 2023 ) | (Q: Feb. 2024 ) | |||||
= | 356.8 | / | ( (1895.2 | + | 1965.8) | / 2 ) | |
= | 356.8 | / | 1930.5 | ||||
= | 18.48 % |
* 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 (Feb. 2024) net income data.
Acuity Brands (NYSE:AYI) 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.
Thank you for viewing the detailed overview of Acuity Brands's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Dianne B Mills | officer: SVP & Chief HR Officer | C/O ACUITY BRANDS, INC., 1170 PEACHTREE STREET, NE, STE 2300, ATLANTA GA 30309 |
Barry R Goldman | officer: SVP & General Counsel | 1170 PEACHTREE STREET, NE, SUITE 2300, ATLANTA GA 30309 |
Laura O'shaughnessy | director | C/O VROOM, INC., 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018 |
Karen J Holcom | officer: Interim CFO | 1170 PEACHTREE STREET, NE, SUITE 2400, ATLANTA GA 30309 |
Michael J Bender | director | 3980 BAUGHMAN GRANT ROAD, NEW ALBANY OH 43054 |
Marcia J Avedon | director | C/O INGERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036 |
Mark Sachleben | director | C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105 |
Peter C Browning | director | GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084 |
Mary A Winston | director | 557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012 |
Maya Leibman | director | 4333 AMON CARTER BLVD, FORT WORTH TX 76155 |
Neil Ashe | director, officer: President & CEO | C/O ACUITY BRANDS, INC., 1170 PEACHTREE STREET, NE, STE 2300, ATLANTA GA 30309 |
Robert F Mccullough | director | 1170 PEACHTREE STREET, NE, SUITE 2300, ATLANTA GA 300309 |
Ray M Robinson | director | 1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309 |
Dillard George Douglas Jr | director | 1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309 |
W. Patrick Battle | director | 1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA X1 30309 |
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