What is Stella International Holdings 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. Stella International Holdings's annualizedNet Income for the quarter that ended in Dec. 2023 was €157 Mil. Stella International Holdings's average total tangible assets for the quarter that ended in Dec. 2023 was €1,211 Mil. Therefore, Stella International Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 12.93%.
The historical rank and industry rank for Stella International Holdings's Return-on-Tangible-Asset or its related term are showing as below:
FRA:31S'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.15 Med: 7.89 Max: 10.89
Current: 10.89
During the past 13 years, Stella International Holdings's highest Return-on-Tangible-Asset was 10.89%. The lowest was 0.15%. And the median was 7.89%.
FRA:31S's Return-on-Tangible-Asset is ranked better than 89.39% of 1084
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.92
vs FRA:31S: 10.89
Stella International Holdings Return-on-Tangible-Asset Historical Data
The historical data trend for Stella International Holdings'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.
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Stella International Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of Stella International Holdings's Return-on-Tangible-Asset
For the Footwear & Accessories subindustry, Stella International Holdings'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.
Stella International Holdings's Return-on-Tangible-Asset Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Stella International Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Stella International Holdings's Return-on-Tangible-Asset falls into.
Stella International Holdings Return-on-Tangible-Asset Calculation
Stella International Holdings'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 two times the semi-annual (Dec. 2023) net income data.
Stella International Holdings (FRA:31S) 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.
Stella International Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Stella International Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Stella International Holdings (FRA:31S) Business Description
Stella International Holdings Ltd designs and manufactures footwear for its clients, who sell the products to consumers under their brand names. Stella's clients include many of the world's top casual footwear companies as well as several prominent fashion and high-fashion companies and brands. The firm operates in two segments. The Manufacturing segment engages in the sale and manufacture of footwear and handbag. The Footwear retailing and wholesaling segment engages in the sale of self-developed brands. The majority of revenue is from the manufacturing segment. Geographically, North America accounts for the majority of revenue.
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