Collins Foods (ASX:CKF) Return-on-Tangible-Asset : 11.44% (As of Oct. 2023)

Collins Foods Return-on-Tangible-Asset Chart

Collins Foods Annual Data
	Trend	Apr14	Apr15	Apr16	Apr17	Apr18	Apr19	Apr20	Apr21	Apr22	Apr23
Return-on-Tangible-Asset		Get a 7-Day Free Trial					13.59	6.08	4.61	7.26	1.51

Collins Foods Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Return-on-Tangible-Asset	Get a 7-Day Free Trial															7.31	7.34	2.72	0.41	11.44

Competitive Comparison of Collins Foods's Return-on-Tangible-Asset

For the Restaurants subindustry, Collins Foods'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.

Collins Foods's Return-on-Tangible-Asset Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Collins Foods's Return-on-Tangible-Asset distribution charts can be found below:

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

Collins Foods Return-on-Tangible-Asset Calculation

Collins Foods's annualized Return-on-Tangible-Asset for the fiscal year that ended in Apr. 2023 is calculated as:

Collins Foods's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 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 two times the semi-annual (Oct. 2023) net income data.

Collins Foods  (ASX:CKF) 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.

Collins Foods Return-on-Tangible-Asset Related Terms

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Collins Foods (ASX:CKF) Business Description