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. Moncler SpA's annualizedNet Income for the quarter that ended in Jun. 2023 was $315 Mil. Moncler SpA's average total tangible assets for the quarter that ended in Jun. 2023 was $2,983 Mil. Therefore, Moncler SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was 10.56%.
The historical rank and industry rank for Moncler SpA's Return-on-Tangible-Asset or its related term are showing as below:
MONRF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 13.5 Med: 24.96 Max: 30.85
Current: 23.59
During the past 14 years, Moncler SpA's highest Return-on-Tangible-Asset was 30.85%. The lowest was 13.50%. And the median was 24.96%.
MONRF's Return-on-Tangible-Asset is ranked better than 97.04% of 1081
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.09
vs MONRF: 23.59
Moncler SpA Return-on-Tangible-Asset Historical Data
The historical data trend for Moncler SpA'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 Moncler SpA's Return-on-Tangible-Asset
For the Apparel Manufacturing subindustry, Moncler SpA'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.
Moncler SpA's Return-on-Tangible-Asset Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Moncler SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Moncler SpA's Return-on-Tangible-Asset falls into.
Moncler SpA Return-on-Tangible-Asset Calculation
Moncler SpA's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 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 (Jun. 2023) net income data.
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.
Moncler SpA Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Moncler SpA's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Moncler consists of its namesake brand and Stone Island (acquired in 2021). The Moncler brand is one of the leading players in luxury outerwear. It is globally present with 36% of sales generated in Europe, the Middle East, and Africa, 17% in the Americas, and 47% in Asia and rest of the world. Most of the company's sales are direct to consumer, with almost 80% generated through the own-retail channel. Around 75%-80% of revenue is generated in the core outerwear segment, with the remainder in the accessory, knitwear, and footwear categories. Stone Island contributed around 15% of revenue in 2022.
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