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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. Royal Caribbean Group's annualized Net Income for the quarter that ended in Dec. 2023 was $1,108 Mil. Royal Caribbean Group's average total tangible assets for the quarter that ended in Dec. 2023 was $33,141 Mil. Therefore, Royal Caribbean Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 3.34%.
The historical rank and industry rank for Royal Caribbean Group's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Royal Caribbean Group's highest Return-on-Tangible-Asset was 7.56%. The lowest was -19.44%. And the median was 4.44%.
The historical data trend for Royal Caribbean Group'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.
Royal Caribbean Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 6.93 | -19.44 | -16.91 | -6.74 | 5.04 |
Royal Caribbean Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -6.10 | -0.59 | 5.72 | 12.60 | 3.34 |
For the Travel Services subindustry, Royal Caribbean Group'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 Travel & Leisure industry and Consumer Cyclical sector, Royal Caribbean Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Royal Caribbean Group's Return-on-Tangible-Asset falls into.
Royal Caribbean Group'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 ) | |||||
= | 1697 | / | ( (32967 | + | 34322) | / 2 ) | |
= | 1697 | / | 33644.5 | ||||
= | 5.04 % |
Royal Caribbean Group'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 ) | |||||
= | 1108.292 | / | ( (31959.466 | + | 34322) | / 2 ) | |
= | 1108.292 | / | 33140.733 | ||||
= | 3.34 % |
* 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.
Royal Caribbean Group (NYSE:RCL) 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 Royal Caribbean Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Arne Alexander Wilhelmsen | director | ANDERS WILHELMSEN & CO. AS, BEDDINGEN 8, AKER BRYGGE, OSLO Q8 NO-0118 |
Harri U Kulovaara | officer: EVP, Maritime | ROYAL CARIBBEAN CRUISES LTD., 1050 CARIBBEAN WAY, MIAMI FL 33132 |
Michael W Bayley | officer: EVP, International | ROYAL CARIBBEAN CRUISES LTD., 1050 CARIBBEAN WAY, MIAMI FL 33132 |
Laura H Bethge | officer: President, Celebrity Cruises | 1050 CARIBBEAN WAY, MIAMI FL 33132 |
Maritza Gomez Montiel | director | C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014 |
Henry L Pujol | officer: Vice President, Controller | ROYAL CARIBBEAN CRUISES LTD., 1050 CARIBBEAN WAY, MIAMI FL 33132 |
Naftali Holtz | officer: Chief Financial Officer | 1050 CARIBBEAN WAY, MIAMI FL 33132 |
Robert Alexander Lake | officer: SVP, CLO, Secretary & CCO | C/O WORLD FUEL SERVICES CORPORATION, 9800 N.W. 41ST STREET, MIAMI FL 33178 |
Jason T Liberty | officer: President and CEO | GATE NO 4, PLANT 10 / 11 GODREJ & BOYCE, PIROJSHANAGAR, LBS MARG, VIKHROLI (WEST), MUMBAI, MAHARASHTRA K7 400079 |
Rebecca Yeung | director | 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068 |
Vagn O Sorensen | director | ROYAL CARIBBEAN CRUISES LTD., 1050 CARIBBEAN WAY, MIAMI FL 33132 |
Michael O Leavitt | director | LEAVITT PARTNERS LLC, 299 SOUTH MAIN STREET STE 2300, SALT LAKE CITY X1 84111 |
Lisa Lutoff-perlo | officer: EVP, Operations, RCI | 1050 CARIBBEAN WAY, MIAMI FL 33132 |
Bradley H Stein | officer: SVP, GC & Chief Compliance Off | 1050 CARIBBEAN WAY, MIAMI FL 33132 |
Roberto Martinoli | officer: Pres & CEO, Silversea Cruises | 1050 CARIBBEAN WAY, MIAMI FL 33132 |
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