What is El AL Israel Airlines 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. El AL Israel Airlines's annualizedNet Income for the quarter that ended in Dec. 2023 was $156 Mil. El AL Israel Airlines's average total tangible assets for the quarter that ended in Dec. 2023 was $3,245 Mil. Therefore, El AL Israel Airlines's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 4.81%.
The historical rank and industry rank for El AL Israel Airlines's Return-on-Tangible-Asset or its related term are showing as below:
ELALF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -16.33 Med: -0.74 Max: 6.58
Current: 3.51
During the past 13 years, El AL Israel Airlines's highest Return-on-Tangible-Asset was 6.58%. The lowest was -16.33%. And the median was -0.74%.
ELALF's Return-on-Tangible-Asset is ranked worse than 53.27% of 980
companies
in the Transportation industry
Industry Median: 3.945
vs ELALF: 3.51
El AL Israel Airlines Return-on-Tangible-Asset Historical Data
The historical data trend for El AL Israel Airlines'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.
El AL Israel Airlines Return-on-Tangible-Asset Chart
Competitive Comparison of El AL Israel Airlines's Return-on-Tangible-Asset
For the Airlines subindustry, El AL Israel Airlines'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.
El AL Israel Airlines's Return-on-Tangible-Asset Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, El AL Israel Airlines's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where El AL Israel Airlines's Return-on-Tangible-Asset falls into.
El AL Israel Airlines Return-on-Tangible-Asset Calculation
El AL Israel Airlines'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 (Dec. 2023) net income data.
El AL Israel Airlines (OTCPK:ELALF) 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.
El AL Israel Airlines Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of El AL Israel Airlines's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
El AL Israel Airlines (El AL Israel Airlines) Business Description
El AL Israel Airlines Ltd is an international airline company which provides air transportation of passengers and cargo in Israel and overseas, by means of passenger aircraft and cargo aircraft. The company's passenger aircraft mainly operate scheduled flights as well as charter flights. The group is engaged in activities related to the air transport operations, such as the sale of duty-free products, food production, and supply mainly to the company's aircraft, providing security services, ongoing maintenance services and overall maintenance services to aircraft of other airlines at Ben Gurion Airport, and managing travel agencies abroad. The reporting segments of the company are air transport on passenger aircraft, and air transport on cargo plane.
El AL Israel Airlines (El AL Israel Airlines) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ELALF has been successfully added to your 