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Blackmores Return-on-Tangible-Asset

: 8.17% (As of Dec. 2019)
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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. Blackmores's annualized Net Income for the quarter that ended in Dec. 2019 was AUD 36.5 Mil. Blackmores's average total tangible assets for the quarter that ended in Dec. 2019 was AUD 446.8 Mil. Therefore, Blackmores's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2019 was 8.17%.

ASX:BKL' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.67   Med: 16.93   Max: 31.29
Current: 8.67

8.67
31.29

During the past 13 years, Blackmores's highest Return-on-Tangible-Asset was 31.29%. The lowest was 8.67%. And the median was 16.93%.

ASX:BKL's Return-on-Tangible-Asset is ranked higher than
79% of the 1659 Companies
in the Consumer Packaged Goods industry.

( Industry Median: 2.86 vs. ASX:BKL: 8.67 )

Blackmores Return-on-Tangible-Asset Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Blackmores Annual Data
Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.27 31.29 16.13 18.69 13.22

Blackmores Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.18 18.83 17.18 9.44 8.17

Competitive Comparison
* 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.


Blackmores Return-on-Tangible-Asset Distribution

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



Blackmores Return-on-Tangible-Asset Calculation

Blackmores's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2019 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2019 )  (A: Jun. 2018 )(A: Jun. 2019 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2019 )  (A: Jun. 2018 )(A: Jun. 2019 )
=53.469/( (398.638+410.439)/ 2 )
=53.469/404.5385
=13.22 %

Blackmores's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2019 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2019 )  (Q: Jun. 2019 )(Q: Dec. 2019 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2019 )  (Q: Jun. 2019 )(Q: Dec. 2019 )
=36.484/( (410.439+483.072)/ 2 )
=36.484/446.7555
=8.17 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 (Dec. 2019) net income data.


Blackmores  (ASX:BKL) 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.


Blackmores Return-on-Tangible-Asset Related Terms


Blackmores Return-on-Tangible-Asset Headlines

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