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. Drive Shack's annualizedNet Income for the quarter that ended in Sep. 2023 was $-12.3 Mil. Drive Shack's average total tangible assets for the quarter that ended in Sep. 2023 was $452.2 Mil. Therefore, Drive Shack's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was -2.72%.
The historical rank and industry rank for Drive Shack's Return-on-Tangible-Asset or its related term are showing as below:
DSHK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.88 Med: -6.1 Max: 6.17
Current: -4.89
During the past 13 years, Drive Shack's highest Return-on-Tangible-Asset was 6.17%. The lowest was -12.88%. And the median was -6.10%.
DSHK's Return-on-Tangible-Asset is ranked worse than 80.91% of 833
companies
in the Travel & Leisure industry
Industry Median: 2.56
vs DSHK: -4.89
Drive Shack Return-on-Tangible-Asset Historical Data
The historical data trend for Drive Shack'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.
Competitive Comparison of Drive Shack's Return-on-Tangible-Asset
For the Leisure subindustry, Drive Shack'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.
Drive Shack's Return-on-Tangible-Asset Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Drive Shack's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Drive Shack's Return-on-Tangible-Asset falls into.
Drive Shack Return-on-Tangible-Asset Calculation
Drive Shack's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 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 (Sep. 2023) net income data.
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.
Drive Shack Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Drive Shack's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Drive Shack Inc is an owner and operator of golf-related leisure and entertainment businesses. The company conducts its business through three primary segments: Traditional Golf properties, Entertainment Golf venues, and corporate. The Traditional Golf properties segment operates and owns golf properties. The Entertainment Golf venues segment plans to open a chain of gold, competition, dining, and fun. The Corporate segment consists primarily of investments in loans and securities. The majority of the firm's revenue gets derived from the Traditional Golf Properties segment.
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