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. Ryland Group's annualizedNet Income for the quarter that ended in Jun. 2015 was €152 Mil. Ryland Group's average total tangible assets for the quarter that ended in Jun. 2015 was €2,676 Mil. Therefore, Ryland Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2015 was 5.67%.
The historical rank and industry rank for Ryland Group's Return-on-Tangible-Asset or its related term are showing as below:
FRA:RYG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.97 Med: -0.42 Max: 16.09
Current: 6.42
During the past 13 years, Ryland Group's highest Return-on-Tangible-Asset was 16.09%. The lowest was -17.97%. And the median was -0.42%.
FRA:RYG's Return-on-Tangible-Asset is not ranked
in the Homebuilding & Construction industry.
Industry Median: 4.36
vs FRA:RYG: 6.42
Ryland Group Return-on-Tangible-Asset Historical Data
The historical data trend for Ryland 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.
Competitive Comparison of Ryland Group's Return-on-Tangible-Asset
For the Residential Construction subindustry, Ryland 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.
Ryland Group's Return-on-Tangible-Asset Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Ryland Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ryland Group's Return-on-Tangible-Asset falls into.
Ryland Group Return-on-Tangible-Asset Calculation
Ryland Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2014 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 (Jun. 2015) net income data.
Ryland Group (FRA:RYG) 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.
Ryland Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Ryland Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Ryland Group Inc is a Maryland corporation, which was founded in 1967. It is a homebuilder and a mortgage-finance company. The Company consists of six operating business segments namely four geographically determined homebuilding regions; financial services; and corporate. The Company's homebuilding operations consist of four regional reporting segments namely North, Southeast, Texas and West. The homebuilding segments specialize in the sale and construction of single-family attached and detached housing. Its operations in each of its homebuilding markets might differ due to a number of market-specific factors. These factors include regional economic conditions and job growth; land availability and local land development; consumer preferences; competition from other homebuilders; and home resale activity. The Company's financial services segment includes RMC, RH Insurance Company, Inc. or RHIC, LPS Holdings Corporation and its subsidiaries and Columbia National Risk Retention Group, Inc. or CNRRG. Corporate is a non-operating business segment whose purpose is to support operations. Corporate is responsible for establishing operational policies and internal control standards; implementing strategic initiatives; and monitoring compliance with policies and controls throughout the Company's operations. Corporate acts as an internal source of capital and provides financial, human resource, information technology, insurance, legal, marketing, national purchasing and tax compliance services. In addition, it performs administrative functions associated with a publicly traded entity. Ryland Insurance Services or RIS, a wholly-owned subsidiary of RMC, provides insurance services to the Company's homebuyers. As single-family on-site homebuilders in the United States, it operates in 17 states. The Company's homebuilding segments are subject to a number of local, state and federal laws, statutes, ordinances, rules and regulations concerning zoning, building design, construction, stormwater permitting and discharge and similar matters, as well as open space, wetlands and environmentally protected areas.
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