The historical rank and industry rank for Visual International Holdings's Return-on-Tangible-Asset or its related term are showing as below:
JSE:VIS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -72.27 Med: -21.17 Max: 10.39
Current: -33.78
During the past 10 years, Visual International Holdings's highest Return-on-Tangible-Asset was 10.39%. The lowest was -72.27%. And the median was -21.17%.
JSE:VIS's Return-on-Tangible-Asset is ranked worse than 97.76% of 1829
companies
in the Real Estate industry
Industry Median: 1.09
vs JSE:VIS: -33.78
Visual International Holdings Return-on-Tangible-Asset Historical Data
* 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.
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Visual International Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of Visual International Holdings's Return-on-Tangible-Asset
For the Real Estate Services subindustry, Visual International Holdings'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.
Visual International Holdings's Return-on-Tangible-Asset Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Visual International Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Visual International Holdings's Return-on-Tangible-Asset falls into.
Visual International Holdings Return-on-Tangible-Asset Calculation
Visual International Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Feb. 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 (Aug. 2023) net income data.
Visual International Holdings (JSE:VIS) 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.
Visual International Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Visual International Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Visual International Holdings (JSE:VIS) Business Description
Visual International Holdings Ltd is a property development company. The activity of the group functions through three divisions namely Property Services, Property Investment, and Property Development. The Property Services segment is involved in the rendering of management, administration, and consulting services on development projects. The Property Investment segment is engaged in letting of residential properties held by the group, whereas the Property Development segment looks into the development of residential properties held by the group or sold to third parties. The group's revenue is derived from operations and property holdings in South Africa.
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