What is Matthews 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. Matthews International's annualizedNet Income for the quarter that ended in Dec. 2023 was $-9 Mil. Matthews International's average total tangible assets for the quarter that ended in Dec. 2023 was $1,036 Mil. Therefore, Matthews International's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -0.89%.
The historical rank and industry rank for Matthews International's Return-on-Tangible-Asset or its related term are showing as below:
MATW'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.97 Med: 4.89 Max: 11.38
Current: 3.27
During the past 13 years, Matthews International's highest Return-on-Tangible-Asset was 11.38%. The lowest was -9.97%. And the median was 4.89%.
MATW's Return-on-Tangible-Asset is ranked better than 58.71% of 528
companies
in the Conglomerates industry
Industry Median: 2.555
vs MATW: 3.27
Matthews International Return-on-Tangible-Asset Historical Data
The historical data trend for Matthews 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.
* Premium members only.
Matthews International Return-on-Tangible-Asset Chart
Competitive Comparison of Matthews International's Return-on-Tangible-Asset
For the Conglomerates subindustry, Matthews 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.
Matthews International's Return-on-Tangible-Asset Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Matthews International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Matthews International's Return-on-Tangible-Asset falls into.
Matthews International Return-on-Tangible-Asset Calculation
Matthews 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.
Matthews International (NAS:MATW) 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.
Matthews International Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Matthews International's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthews International (Matthews International) Business Description
Matthews International Corp is a personal services company that primarily provides brand solution services, memorialization products, and industrial products in the United States and Europe. The majority of Matthews' revenue is derived from its SGK Brand Solutions business, which provides brand development services, printing equipment, creative design services, and embossing tools to the consumer packaged goods and packaging industries. The company's Memorialization segment, which sells bronze and granite memorials, caskets, and cremation equipment to the cemetery and funeral home industries, also contributes a significant amount. Most of Matthews' revenue is generated from sales made in the U.S., while European customers also contribute a sizable percentage.
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