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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. Graham Holdings Co's annualized Net Income for the quarter that ended in Mar. 2024 was $498 Mil. Graham Holdings Co's average total tangible assets for the quarter that ended in Mar. 2024 was $5,408 Mil. Therefore, Graham Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 9.20%.
The historical rank and industry rank for Graham Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Graham Holdings Co's highest Return-on-Tangible-Asset was 33.47%. The lowest was -2.88%. And the median was 6.93%.
The historical data trend for Graham Holdings Co'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.
Graham Holdings Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 9.02 | 6.82 | 7.03 | 1.34 | 4.10 |
Graham Holdings Co Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 4.50 | 10.49 | -1.92 | 4.16 | 9.20 |
For the Education & Training Services subindustry, Graham Holdings Co'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 Education industry and Consumer Defensive sector, Graham Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Graham Holdings Co's Return-on-Tangible-Asset falls into.
Graham Holdings Co'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 ) | |||||
= | 205.288 | / | ( (4652.068 | + | 5362.48) | / 2 ) | |
= | 205.288 | / | 5007.274 | ||||
= | 4.10 % |
Graham Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 497.52 | / | ( (5362.48 | + | 5452.867) | / 2 ) | |
= | 497.52 | / | 5407.6735 | ||||
= | 9.20 % |
* 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 (Mar. 2024) net income data.
Graham Holdings Co (NYSE:GHC) 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 Graham Holdings Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas Sinnickson Gayner | director | C/O MARKEL CORP, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060 |
Tony Allen | director | C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209 |
Timothy J O'shaughnessy | director, officer: President and CEO | C/O GRAHAM HOLDINGS COMPANY, 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209 |
Marcel A. Snyman | officer: VP & Chief Accounting Officer | C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209 |
Danielle Y. Conley | director | C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209 |
Christopher C Davis | director | C/O GRAHAM HOLDINGS COMPANY, 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209 |
Sandra M. Stonesifer | officer: VP, Chief HR Officer | C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209 |
Jack A. Markell | director | C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST., SUITE 1700, ARLINGTON VA 22209 |
Andrew Stephen Rosen | officer: Executive Vice President | C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST, SUITE 1700, ARLINGTON VA 22209 |
Lee C Bollinger | director | 535 WEST 116TH STREET, LOW LIBRARY, ROOM 202, NEW YORK NY 10027 |
Katharine Weymouth | director | 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209 |
Anne M Mulcahy | director | C/O GRAHAM HOLDINGS 1300 NORTH 17TH ST, SUITE 1700, ARLINGTON VA 22209 |
Jacob Maas, | officer: Sr. VP-Planning and Dev. | C/O GRAHAM HOLDINGS COMPANY, 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209 |
Denise M Demeter | officer: VP and Chief HR Officer | 1300 17TH STREET NORTH, SUITE 1700, ROSSLYN VA 22209 |
Donald Graham | director, 10 percent owner, officer: CEO and COB | C/O GRAHAM HOLDINGS COMPANY, 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209 |
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