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Piraeus Port Authority (LTS:0FHO) Return-on-Tangible-Asset : 14.16% (As of Jun. 2024)


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What is Piraeus Port Authority 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. Piraeus Port Authority's annualized Net Income for the quarter that ended in Jun. 2024 was €80.9 Mil. Piraeus Port Authority's average total tangible assets for the quarter that ended in Jun. 2024 was €571.2 Mil. Therefore, Piraeus Port Authority's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 14.16%.

The historical rank and industry rank for Piraeus Port Authority's Return-on-Tangible-Asset or its related term are showing as below:

LTS:0FHO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.76   Med: 6.64   Max: 12.5
Current: 12.28

During the past 13 years, Piraeus Port Authority's highest Return-on-Tangible-Asset was 12.50%. The lowest was 1.76%. And the median was 6.64%.

LTS:0FHO's Return-on-Tangible-Asset is ranked better than
87.68% of 974 companies
in the Transportation industry
Industry Median: 4.065 vs LTS:0FHO: 12.28

Piraeus Port Authority Return-on-Tangible-Asset Historical Data

The historical data trend for Piraeus Port Authority'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.

Piraeus Port Authority Return-on-Tangible-Asset Chart

Piraeus Port Authority 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 8.19 5.93 8.33 10.78 12.50

Piraeus Port Authority Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 10.75 10.66 14.81 10.35 14.16

Competitive Comparison of Piraeus Port Authority's Return-on-Tangible-Asset

For the Marine Shipping subindustry, Piraeus Port Authority'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.


Piraeus Port Authority's Return-on-Tangible-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Piraeus Port Authority's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Piraeus Port Authority's Return-on-Tangible-Asset falls into.



Piraeus Port Authority Return-on-Tangible-Asset Calculation

Piraeus Port Authority'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 )
=66.845/( (514.928+554.379)/ 2 )
=66.845/534.6535
=12.50 %

Piraeus Port Authority's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=80.896/( (554.379+588.063)/ 2 )
=80.896/571.221
=14.16 %

* 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 (Jun. 2024) net income data.


Piraeus Port Authority  (LTS:0FHO) 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.


Piraeus Port Authority Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Piraeus Port Authority's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Piraeus Port Authority Business Description

Traded in Other Exchanges
Address
10 Akti Miaouli Street, Piraeus, GRC, 18538
Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.

Piraeus Port Authority Headlines

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