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. New Hope's annualizedNet Income for the quarter that ended in Jan. 2024 was €307 Mil. New Hope's average total tangible assets for the quarter that ended in Jan. 2024 was €1,877 Mil. Therefore, New Hope's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 was 16.33%.
The historical rank and industry rank for New Hope's Return-on-Tangible-Asset or its related term are showing as below:
FRA:OD8'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.07 Med: 4.93 Max: 33.3
Current: 21.27
During the past 13 years, New Hope's highest Return-on-Tangible-Asset was 33.30%. The lowest was -6.07%. And the median was 4.93%.
FRA:OD8's Return-on-Tangible-Asset is ranked better than 88.4% of 181
companies
in the Other Energy Sources industry
Industry Median: 2.58
vs FRA:OD8: 21.27
New Hope Return-on-Tangible-Asset Historical Data
The historical data trend for New Hope'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.
Competitive Comparison of New Hope's Return-on-Tangible-Asset
For the Thermal Coal subindustry, New Hope'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.
New Hope's Return-on-Tangible-Asset Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, New Hope's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where New Hope's Return-on-Tangible-Asset falls into.
New Hope Return-on-Tangible-Asset Calculation
New Hope's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jul. 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 (Jan. 2024) net income data.
New Hope (FRA:OD8) 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.
New Hope Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of New Hope's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should produce around 13 million metric tons of equity salable thermal coal annually from fiscal 2027, up from around 8 million in fiscal 2023, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 15% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.
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