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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. Krispy Kreme Doughnuts's annualized Net Income for the quarter that ended in Apr. 2016 was $37.7 Mil. Krispy Kreme Doughnuts's average total tangible assets for the quarter that ended in Apr. 2016 was $300.0 Mil. Therefore, Krispy Kreme Doughnuts's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2016 was 12.56%.
The historical rank and industry rank for Krispy Kreme Doughnuts's Return-on-Tangible-Asset or its related term are showing as below:
The historical data trend for Krispy Kreme Doughnuts'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.
Krispy Kreme Doughnuts Annual Data | |||||||||||||||||||||
Trend | Jan07 | Jan08 | Jan09 | Jan10 | Jan11 | Jan12 | Jan13 | Jan14 | Jan15 | Jan16 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 72.71 | 6.61 | 10.84 | 9.44 | 10.21 |
Krispy Kreme Doughnuts Quarterly Data | ||||||||||||||||||||
Jul11 | Oct11 | Jan12 | Apr12 | Jul12 | Oct12 | Jan13 | Apr13 | Jul13 | Oct13 | Jan14 | Apr14 | Jul14 | Oct14 | Jan15 | Apr15 | Jul15 | Oct15 | Jan16 | Apr16 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 13.13 | 7.40 | 9.76 | 10.64 | 12.56 |
For the Restaurants subindustry, Krispy Kreme Doughnuts'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.
For the Restaurants industry and Consumer Cyclical sector, Krispy Kreme Doughnuts's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Krispy Kreme Doughnuts's Return-on-Tangible-Asset falls into.
Krispy Kreme Doughnuts's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jan. 2016 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Jan. 2016 ) | (A: Jan. 2015 ) | (A: Jan. 2016 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Jan. 2016 ) | (A: Jan. 2015 ) | (A: Jan. 2016 ) | |||||
= | 32.398 | / | ( (322.643 | + | 311.89) | / 2 ) | |
= | 32.398 | / | 317.2665 | ||||
= | 10.21 % |
Krispy Kreme Doughnuts's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2016 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Apr. 2016 ) | (Q: Jan. 2016 ) | (Q: Apr. 2016 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Apr. 2016 ) | (Q: Jan. 2016 ) | (Q: Apr. 2016 ) | |||||
= | 37.664 | / | ( (311.89 | + | 288.04) | / 2 ) | |
= | 37.664 | / | 299.965 | ||||
= | 12.56 % |
* 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 (Apr. 2016) net income data.
Krispy Kreme Doughnuts (NYSE:KKD) 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.
Thank you for viewing the detailed overview of Krispy Kreme Doughnuts's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Tim E Bentsen | director | 5 CONCOURSE PARKWAY, SUITE 2650, ATLANTA GA 30328 |
Andrew J Schindler | director | 1301 AVENUE OF THE AMERICAS, NEW YORK NY 10019 |
Charles A Blixt | director | 1301 AVENUE OF THE AMERICAS, NEW YORK NY 10019 |
Lynn Crump Caine | director | 370 KNOLLWOOD STREET, SUITE 500, WINSTON-SALEM NC 27103 |
Lizanne Thomas | director | 1420 PEACHTREE STREET NE, SUITE 800, ATLANTA GA 30309 |
Anthony N Thompson | director, officer: President and CEO | P.O. BOX 99900, LOUISVILLE KY 40269 |
Cooper George Price Iv | officer: EVP & CFO | 6040 DUTCHMANS LANE, LOUISVILLE KY 40205 |
James H Morgan | director | PO BOX 1012 121 W TRADE STREET, STE 1500, CHARLOTTE NC 28201 |
Darryl R. Marsch | officer: SVP & General Counsel | 370 KNOLLWOOD STREET, SUITE 500, WINSTON-SALEM NC 27103 |
Michael H Sutton | director | C/O ALLEGHENY ENERGY, INC., 800 CABIN HILL DRIVE, GREENSBURG PA 15601 |
West Togo D Jr | director | 370 KNOLLWOOD ST, STE 500, WINSTON-SALEM NC 27103 |
Jeffrey B Welch | officer: Senior Vice President | 111 N. CANAL, SUITE 850, CHICAGO IL 60606 |
Robert P Stiller | 10 percent owner | 515 N. FLAGLER DR., SUITE 1702, WEST PALM BEACH FL 33401 |
Kenneth A May | officer: President and COO | 13155 NOEL ROAD, SUITE 1600, THREE GALLERIA TOWER, DALLAS TX 75240 |
Daryl G Brewster | director, officer: President & CEO | KRISPY KREME DOUGHNUTS, INC., 370 KNOLLWOOD STREET, SUITE 500, WINSTON-SALEM NC 27103 |
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