The historical rank and industry rank for Compass Minerals International's Return-on-Tangible-Asset or its related term are showing as below:
CMP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.89 Med: 2.84 Max: 15.71
Current: -3.69
During the past 13 years, Compass Minerals International's highest Return-on-Tangible-Asset was 15.71%. The lowest was -9.89%. And the median was 2.84%.
CMP's Return-on-Tangible-Asset is ranked better than 73.91% of 2698
companies
in the Metals & Mining industry
Industry Median: -15.255
vs CMP: -3.69
Compass Minerals International 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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Compass Minerals International Return-on-Tangible-Asset Chart
Competitive Comparison of Compass Minerals International's Return-on-Tangible-Asset
For the Other Industrial Metals & Mining subindustry, Compass Minerals 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.
Compass Minerals International's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Compass Minerals International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Compass Minerals International's Return-on-Tangible-Asset falls into.
Compass Minerals International Return-on-Tangible-Asset Calculation
Compass Minerals International's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 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.
Compass Minerals International (NYSE:CMP) 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.
Compass Minerals International Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Compass Minerals International's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Compass Minerals International (Compass Minerals International) Business Description
Compass Minerals currently produces two primary products: salt and specialty potash fertilizer. The company's main assets include rock salt mines in Ontario, Louisiana, and the United Kingdom and a salt brine operation at the Great Salt Lake in Utah that produces sulfate of potash and magnesium chloride. Compass' salt products are used for deicing and also by industrial and consumer end markets. The firm's sulfate of potash is used by growers of high-value crops that are sensitive to standard potash. Compass also sells fire retardants, with its magnesium chloride-based products used to combat forest fires.
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