What is Belysse Group NV 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. Belysse Group NV's annualizedNet Income for the quarter that ended in Dec. 2023 was €-2.3 Mil. Belysse Group NV's average total tangible assets for the quarter that ended in Dec. 2023 was €222.1 Mil. Therefore, Belysse Group NV's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -1.02%.
The historical rank and industry rank for Belysse Group NV's Return-on-Tangible-Asset or its related term are showing as below:
FRA:BDB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -21.84 Med: -0.92 Max: 4.67
Current: -4.8
During the past 13 years, Belysse Group NV's highest Return-on-Tangible-Asset was 4.67%. The lowest was -21.84%. And the median was -0.92%.
FRA:BDB's Return-on-Tangible-Asset is ranked worse than 84.2% of 424
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 3.35
vs FRA:BDB: -4.80
Belysse Group NV Return-on-Tangible-Asset Historical Data
The historical data trend for Belysse Group NV'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 Belysse Group NV's Return-on-Tangible-Asset
For the Furnishings, Fixtures & Appliances subindustry, Belysse Group NV'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.
Belysse Group NV's Return-on-Tangible-Asset Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Belysse Group NV's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Belysse Group NV's Return-on-Tangible-Asset falls into.
Belysse Group NV Return-on-Tangible-Asset Calculation
Belysse Group NV's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 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 two times the semi-annual (Dec. 2023) net income data.
Belysse Group NV (FRA:BDB) 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.
Belysse Group NV Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Belysse Group NV's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Belysse Group NV operates its business in four segments. The rugs segment includes woven and tufted area rugs, under the Balta home brand. The residential segment includes wall-to-wall carpet and carpet tiles for private use, through the brands Balta carpets, ITC, and Balta carpet tiles. The commercial segment includes wall-to-wall carpet and carpet tiles for commercial use under the brands' arc edition, Bentley, and Modulyss. The non-Woven segment includes needle felt, carpet backing, and technical non-wovens under the Captiqs brand. The company's geographical segments are Europe, North America, and the Rest of the World.
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