What is John Bnfilippo & Son 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. John Bnfilippo & Son's annualizedNet Income for the quarter that ended in Dec. 2023 was $76.7 Mil. John Bnfilippo & Son's average total tangible assets for the quarter that ended in Dec. 2023 was $436.5 Mil. Therefore, John Bnfilippo & Son's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 17.57%.
The historical rank and industry rank for John Bnfilippo & Son's Return-on-Tangible-Asset or its related term are showing as below:
JBSS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.95 Med: 9.81 Max: 15.9
Current: 15.9
During the past 13 years, John Bnfilippo & Son's highest Return-on-Tangible-Asset was 15.90%. The lowest was 6.95%. And the median was 9.81%.
JBSS's Return-on-Tangible-Asset is ranked better than 91.65% of 1905
companies
in the Consumer Packaged Goods industry
Industry Median: 3.19
vs JBSS: 15.90
John Bnfilippo & Son Return-on-Tangible-Asset Historical Data
The historical data trend for John Bnfilippo & Son'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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John Bnfilippo & Son Return-on-Tangible-Asset Chart
Competitive Comparison of John Bnfilippo & Son's Return-on-Tangible-Asset
For the Packaged Foods subindustry, John Bnfilippo & Son'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.
John Bnfilippo & Son's Return-on-Tangible-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, John Bnfilippo & Son's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where John Bnfilippo & Son's Return-on-Tangible-Asset falls into.
John Bnfilippo & Son Return-on-Tangible-Asset Calculation
John Bnfilippo & Son's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 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.
John Bnfilippo & Son (NAS:JBSS) 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.
John Bnfilippo & Son Return-on-Tangible-Asset Related Terms
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John Bnfilippo & Son (John Bnfilippo & Son) Business Description
John B Sanfilippo & Son Inc is one of the processors and distributors of peanuts, pecans, cashews, walnuts, almonds, and other nuts in the United States. These nuts are sold under a variety of private brands and under the Fisher, Orchard Valley Harvest, and Sunshine Country brand names. It also market and distribute, and in the majority of cases, manufacture or process, a diverse product line of food and snack products, including peanut butter, almond butter, cashew butter, candy and confections, snacks and trail mixes, snack bites, sunflower kernels, dried fruit, corn snacks, sesame sticks and other sesame snack products under private brands and brand names.
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