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Saga Furs Oyj (CHIX:SAGCVH) Return-on-Tangible-Asset : 5.80% (As of Oct. 2023)


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What is Saga Furs Oyj Return-on-Tangible-Asset?

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. Saga Furs Oyj's annualized Net Income for the quarter that ended in Oct. 2023 was €6.79 Mil. Saga Furs Oyj's average total tangible assets for the quarter that ended in Oct. 2023 was €117.14 Mil. Therefore, Saga Furs Oyj's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2023 was 5.80%.

The historical rank and industry rank for Saga Furs Oyj's Return-on-Tangible-Asset or its related term are showing as below:

CHIX:SAGCVh' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.72   Med: 0.83   Max: 8.25
Current: 4.12

During the past 13 years, Saga Furs Oyj's highest Return-on-Tangible-Asset was 8.25%. The lowest was -4.72%. And the median was 0.83%.

CHIX:SAGCVh's Return-on-Tangible-Asset is ranked better than
65.22% of 1081 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.03 vs CHIX:SAGCVh: 4.12

Saga Furs Oyj Return-on-Tangible-Asset Historical Data

The historical data trend for Saga Furs Oyj'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.

Saga Furs Oyj Return-on-Tangible-Asset Chart

Saga Furs Oyj Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.39 -4.72 8.25 0.83 4.15

Saga Furs Oyj 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 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 10.36 -4.50 6.14 2.50 5.80

Competitive Comparison of Saga Furs Oyj's Return-on-Tangible-Asset

For the Textile Manufacturing subindustry, Saga Furs Oyj'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.


Saga Furs Oyj's Return-on-Tangible-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Saga Furs Oyj's Return-on-Tangible-Asset distribution charts can be found below:

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



Saga Furs Oyj Return-on-Tangible-Asset Calculation

Saga Furs Oyj's annualized Return-on-Tangible-Asset for the fiscal year that ended in Oct. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Oct. 2023 )  (A: Oct. 2022 )(A: Oct. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Oct. 2023 )  (A: Oct. 2022 )(A: Oct. 2023 )
=4.925/( (124.009+113.366)/ 2 )
=4.925/118.6875
=4.15 %

Saga Furs Oyj's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Oct. 2023 )  (Q: Apr. 2023 )(Q: Oct. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Oct. 2023 )  (Q: Apr. 2023 )(Q: Oct. 2023 )
=6.794/( (120.913+113.366)/ 2 )
=6.794/117.1395
=5.80 %

* 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.


Saga Furs Oyj  (CHIX:SAGCVh) 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.


Saga Furs Oyj Return-on-Tangible-Asset Related Terms

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Saga Furs Oyj (CHIX:SAGCVH) Business Description

Traded in Other Exchanges
Address
Martinkylantie 48, Vantaa, FIN, 01720
Saga Furs Oyj is a fur auction company.

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