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PT Wintermar Offshore Marine Tbk (ISX:WINS) Return-on-Tangible-Asset : 4.50% (As of Mar. 2024)


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What is PT Wintermar Offshore Marine Tbk 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. PT Wintermar Offshore Marine Tbk's annualized Net Income for the quarter that ended in Mar. 2024 was Rp136,216 Mil. PT Wintermar Offshore Marine Tbk's average total tangible assets for the quarter that ended in Mar. 2024 was Rp3,027,531 Mil. Therefore, PT Wintermar Offshore Marine Tbk's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 4.50%.

The historical rank and industry rank for PT Wintermar Offshore Marine Tbk's Return-on-Tangible-Asset or its related term are showing as below:

ISX:WINS' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.6   Med: -2.5   Max: 4.53
Current: 4.53

During the past 13 years, PT Wintermar Offshore Marine Tbk's highest Return-on-Tangible-Asset was 4.53%. The lowest was -8.60%. And the median was -2.50%.

ISX:WINS's Return-on-Tangible-Asset is ranked better than
55.23% of 976 companies
in the Transportation industry
Industry Median: 3.995 vs ISX:WINS: 4.53

PT Wintermar Offshore Marine Tbk Return-on-Tangible-Asset Historical Data

The historical data trend for PT Wintermar Offshore Marine Tbk'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.

* Premium members only.

PT Wintermar Offshore Marine Tbk Return-on-Tangible-Asset Chart

PT Wintermar Offshore Marine Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.99 -5.32 0.09 0.60 3.44

PT Wintermar Offshore Marine Tbk 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 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 0.37 1.85 3.66 7.97 4.50

Competitive Comparison of PT Wintermar Offshore Marine Tbk's Return-on-Tangible-Asset

For the Marine Shipping subindustry, PT Wintermar Offshore Marine Tbk'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.


PT Wintermar Offshore Marine Tbk's Return-on-Tangible-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Wintermar Offshore Marine Tbk's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where PT Wintermar Offshore Marine Tbk's Return-on-Tangible-Asset falls into.



PT Wintermar Offshore Marine Tbk Return-on-Tangible-Asset Calculation

PT Wintermar Offshore Marine Tbk'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 )
=102870.92/( (2980177.351+3002958.329)/ 2 )
=102870.92/2991567.84
=3.44 %

PT Wintermar Offshore Marine Tbk'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 )
=136215.712/( (3002958.329+3052104.514)/ 2 )
=136215.712/3027531.4215
=4.50 %

* 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.


PT Wintermar Offshore Marine Tbk  (ISX:WINS) 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 company’s 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 company’s 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.


PT Wintermar Offshore Marine Tbk Return-on-Tangible-Asset Related Terms

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PT Wintermar Offshore Marine Tbk (ISX:WINS) Business Description

Traded in Other Exchanges
Address
Jalan Kebayoran Lama No. 155, Jakarta Barat, Jakarta, IDN, 11560
PT Wintermar Offshore Marine Tbk is an Indonesia-based company. It owns and operates various types of vessels, such as platform supply vessels, anchor-handling tugs, anchor-handling tug supply vessels, fast utility vessels, offshore tugs, accommodation vessels, crew boats, oil barges, oil tankers, and tugboats. The firm's operating segments are Owned Vessels, Chartered Vessels, and others. It generates a majority of its revenue from the Owned Vessel segment.

PT Wintermar Offshore Marine Tbk (ISX:WINS) Headlines

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