GURUFOCUS.COM » STOCK LIST » USA » NAS » Academy Sports and Outdoors Inc (NAS:ASO) » Definitions » Return-on-Tangible-Asset
Switch to:

Academy Sports and Outdoors (NAS:ASO) Return-on-Tangible-Asset

: 16.07% (As of Oct. 2022)
View and export this data going back to 2020. Start your Free Trial

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. Academy Sports and Outdoors's annualized Net Income for the quarter that ended in Oct. 2022 was $527 Mil. Academy Sports and Outdoors's average total tangible assets for the quarter that ended in Oct. 2022 was $3,279 Mil. Therefore, Academy Sports and Outdoors's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2022 was 16.07%.

The historical rank and industry rank for Academy Sports and Outdoors's Return-on-Tangible-Asset or its related term are showing as below:

ASO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.2   Med: 7.86   Max: 22.04
Current: 18.87

During the past 5 years, Academy Sports and Outdoors's highest Return-on-Tangible-Asset was 22.04%. The lowest was 1.20%. And the median was 7.86%.

ASO's Return-on-Tangible-Asset is ranked better than
94.12% of 1105 companies
in the Retail - Cyclical industry
Industry Median: 2.78 vs ASO: 18.87

Academy Sports and Outdoors Return-on-Tangible-Asset Historical Data

The historical data trend for Academy Sports and Outdoors'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.

Academy Sports and Outdoors Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22
Return-on-Tangible-Asset
- 1.20 5.13 10.58 22.04

Academy Sports and Outdoors Quarterly Data
Jan18 Jan19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22
Return-on-Tangible-Asset 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 20.06 17.77 18.65 23.26 16.07

Competitive Comparison

For the Specialty Retail subindustry, Academy Sports and Outdoors'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.

   

Academy Sports and Outdoors Return-on-Tangible-Asset Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Academy Sports and Outdoors's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Academy Sports and Outdoors's Return-on-Tangible-Asset falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Asset's extreme value range as defined by GuruFocus.



Academy Sports and Outdoors Return-on-Tangible-Asset Calculation

Academy Sports and Outdoors's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jan. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jan. 2022 )  (A: Jan. 2021 )(A: Jan. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jan. 2022 )  (A: Jan. 2021 )(A: Jan. 2022 )
=671.381/( (2945.562+3145.805)/ 2 )
=671.381/3045.6835
=22.04 %

Academy Sports and Outdoors's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Oct. 2022 )  (Q: Jul. 2022 )(Q: Oct. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Oct. 2022 )  (Q: Jul. 2022 )(Q: Oct. 2022 )
=526.964/( (3214.75+3342.973)/ 2 )
=526.964/3278.8615
=16.07 %

* 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 (Oct. 2022) net income data.


Academy Sports and Outdoors  (NAS:ASO) 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.


Academy Sports and Outdoors Return-on-Tangible-Asset Related Terms

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


Academy Sports and Outdoors (NAS:ASO) Business Description

Academy Sports and Outdoors logo
Traded in Other Exchanges
N/A
Address
1800 North Mason Road, Katy, TX, USA, 77449
Academy Sports and Outdoors Inc is engaged in the retail business of sporting goods and outdoor recreation products. The company offers outdoor clothing, backpacks, sunglasses, luggage items, shooting equipment, fishing equipment, boating and water sports equipment, backyard recreation products, outdoor cooking equipment, fitness equipment, electronic items, dog supplies, and other products.
Executives
Theresa Palermo director 12420 STONEBRIDGE RD, ROANKE IN 46783
Christopher Lee Turner director 1441 GARDINER LANE, LOUISVILLE KY 40213
Sharen J Turney director THREE LIMITED PARKWAY, COLUMBUS OH 43230
Beryl Raff director 5555 DARROW RD, HUDSON OH 44236
Thomas M Nealon director 6501 LEGACY DRIVE, PLANO TX 75024
Sherry L. Harriman officer: SVP, Logistics & Supply Chain C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 N MASON ROAD, KATY TX 77449
Wendy A. Beck director C/O NORWEGIAN CRUISE LINE HOLDINGS LTD., 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Kkr 2006 Allstar Blocker L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Kkr 2006 Fund (allstar) L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Heather A. Davis officer: VP, Controller C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
Allstar Llc 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Allstar Co-invest Gp Llc 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Jeffrey C. Tweedy director C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
William S. Ennis officer: See Remarks C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
Allstar Co-invest Blocker L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001

Academy Sports and Outdoors (NAS:ASO) Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
premium membership