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. Air France-KLM's annualizedNet Income for the quarter that ended in Mar. 2024 was $-2,270 Mil. Air France-KLM's average total tangible assets for the quarter that ended in Mar. 2024 was $36,212 Mil. Therefore, Air France-KLM's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -6.27%.
The historical rank and industry rank for Air France-KLM's Return-on-Tangible-Asset or its related term are showing as below:
AFLYY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -24.5 Med: 0.8 Max: 3.22
Current: 2.35
During the past 13 years, Air France-KLM's highest Return-on-Tangible-Asset was 3.22%. The lowest was -24.50%. And the median was 0.80%.
AFLYY's Return-on-Tangible-Asset is ranked worse than 64.21% of 978
companies
in the Transportation industry
Industry Median: 3.945
vs AFLYY: 2.35
Air France-KLM Return-on-Tangible-Asset Historical Data
The historical data trend for Air France-KLM'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 Air France-KLM's Return-on-Tangible-Asset
For the Airlines subindustry, Air France-KLM'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.
Air France-KLM's Return-on-Tangible-Asset Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Air France-KLM's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Air France-KLM's Return-on-Tangible-Asset falls into.
Air France-KLM Return-on-Tangible-Asset Calculation
Air France-KLM's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 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 four times the quarterly (Mar. 2024) net income data.
Air France-KLM (OTCPK:AFLYY) 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.
Air France-KLM Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Air France-KLM's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Air France-KLM (Air France-KLM) Business Description
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The Group has four segments which include Network, Maintenance, Transavia, and Other. The Network segment derives key revenue which includes the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. Its geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.
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