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Adecoagro (Adecoagro) Return-on-Tangible-Equity : 25.36% (As of Sep. 2023)


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What is Adecoagro Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Adecoagro's annualized net income for the quarter that ended in Sep. 2023 was $304 Mil. Adecoagro's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $1,197 Mil. Therefore, Adecoagro's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 25.36%.

The historical rank and industry rank for Adecoagro's Return-on-Tangible-Equity or its related term are showing as below:

AGRO' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.91   Med: 0.73   Max: 13.91
Current: 12.9

During the past 13 years, Adecoagro's highest Return-on-Tangible-Equity was 13.91%. The lowest was -2.91%. And the median was 0.73%.

AGRO's Return-on-Tangible-Equity is ranked better than
65.85% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 7.46 vs AGRO: 12.90

Adecoagro Return-on-Tangible-Equity Historical Data

The historical data trend for Adecoagro's Return-on-Tangible-Equity 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.

Adecoagro Return-on-Tangible-Equity Chart

Adecoagro Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.91 -0.08 0.04 13.91 10.45

Adecoagro Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.35 1.19 7.79 16.11 25.36

Competitive Comparison of Adecoagro's Return-on-Tangible-Equity

For the Farm Products subindustry, Adecoagro's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


Adecoagro's Return-on-Tangible-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Adecoagro's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Adecoagro's Return-on-Tangible-Equity falls into.



Adecoagro Return-on-Tangible-Equity Calculation

Adecoagro's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=108.138/( (980.382+1089.971 )/ 2 )
=108.138/1035.1765
=10.45 %

Adecoagro's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=303.64/( (1172.407+1221.894)/ 2 )
=303.64/1197.1505
=25.36 %

* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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-Equity is displayed in the 10-year financial page.


Adecoagro  (NYSE:AGRO) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Adecoagro Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Adecoagro's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Adecoagro (Adecoagro) Business Description

Traded in Other Exchanges
Address
6, Rue Eugene Ruppert, Vertigo Naos Building, Luxembourg, LUX, L-2453
Adecoagro SA is a Luxembourg-based agricultural company. It is involved in a wide range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol, energy production, and land transformation. The company operates through three segments namely Farming, Sugar, Ethanol and Energy, and Land Transformation. The Farming segment consists of planting, harvesting, and sale of grains, oilseeds and fibers, rice, and production and sale of dairy products; the Sugar, Ethanol, and Energy segment consists of cultivating sugar cane which is processed in owned sugar mills, transformed into ethanol; and the Land Transformation segment comprises identification and acquisition of underdeveloped and undermanaged farmland.

Adecoagro (Adecoagro) Headlines