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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. CF Industries Holdings's annualized Net Income for the quarter that ended in Dec. 2023 was $1,096 Mil. CF Industries Holdings's average total tangible assets for the quarter that ended in Dec. 2023 was $11,399 Mil. Therefore, CF Industries Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 9.62%.
The historical rank and industry rank for CF Industries Holdings's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, CF Industries Holdings's highest Return-on-Tangible-Asset was 31.20%. The lowest was -2.43%. And the median was 6.12%.
The historical data trend for CF Industries Holdings'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.
For the Agricultural Inputs subindustry, CF Industries Holdings'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 Agriculture industry and Basic Materials sector, CF Industries Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CF Industries Holdings's Return-on-Tangible-Asset falls into.
CF Industries Holdings'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 ) | |||||
= | 1525 | / | ( (11209 | + | 11343) | / 2 ) | |
= | 1525 | / | 11276 | ||||
= | 13.52 % |
CF Industries Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 1096 | / | ( (11454 | + | 11343) | / 2 ) | |
= | 1096 | / | 11398.5 | ||||
= | 9.62 % |
* 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.
CF Industries Holdings (NYSE:CF) 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 CF Industries Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Bert A Frost | officer: VP, Sales and Mkt Development | C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015 |
Susan A Ellerbusch | director | C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202 |
Douglas C Barnard | officer: VP, General Counsel, Secretary | C/O CF INDUSTRIES, INC., ONE SALEM LAKE DRIVE, LONG GROVE IL 60047 |
Michael Patrick Mcgrane | officer: VP, Gen. Counsel & Secretary | C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, DEERFIELD IL 60015 |
Anne P Noonan | director | 25435 HARVARD RD, BEACHWOOD OH 44122 |
Christopher D Bohn | officer: VP, Supply Chain | C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015 |
W Anthony Will | officer: VP, Corporate Development | C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015 |
Richard A Hoker | officer: VP and Corporate Controller | C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015 |
Ashraf K Malik | officer: Sr. VP, Manufacturing & D'istn | C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015 |
Stephen A Furbacher | director | 1000 LOUISIANA ST, STE 5800, HOUSTON TX 77002 |
Susan L Menzel | officer: Sr. VP, Human Resources | C/O CF INDUSTRIES HOLDINGS, INC., FOUR PARKWAY NORTH, DEERFIELD IL 60015 |
Robert C Arzbaecher | director | ACTUANT CORP, 13000 WEST SILVER SPRING DRIVE, BUTLER WI 53007 |
Yris Jesus Madrazo | director | C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, DEERFIELD IL 60015 |
Deborah L Dehaas | director | 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515 |
David P Hopkins | officer: Managing Dir. CF Fert. UK | C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015 |
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