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. Hub Group's annualizedNet Income for the quarter that ended in Dec. 2023 was $115 Mil. Hub Group's average total tangible assets for the quarter that ended in Dec. 2023 was $2,005 Mil. Therefore, Hub Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 5.74%.
The historical rank and industry rank for Hub Group's Return-on-Tangible-Asset or its related term are showing as below:
HUBG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.22 Med: 8.3 Max: 19.57
Current: 8.34
During the past 13 years, Hub Group's highest Return-on-Tangible-Asset was 19.57%. The lowest was 5.22%. And the median was 8.30%.
HUBG's Return-on-Tangible-Asset is ranked better than 78.55% of 979
companies
in the Transportation industry
Industry Median: 3.89
vs HUBG: 8.34
Hub Group Return-on-Tangible-Asset Historical Data
The historical data trend for Hub Group'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 Hub Group's Return-on-Tangible-Asset
For the Integrated Freight & Logistics subindustry, Hub Group'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.
Hub Group's Return-on-Tangible-Asset Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Hub Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hub Group's Return-on-Tangible-Asset falls into.
Hub Group Return-on-Tangible-Asset Calculation
Hub Group'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.
Hub Group (NAS:HUBG) 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.
Hub Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Hub Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Hub Group ranks among the largest providers of rail intermodal service. Roughly 60% of revenue comes from Hub's intermodal and transportation solutions division. ITS includes its flagship intermodal operations, which use the Class I rail carriers for the underlying line-haul movement of containers, as well as its dedicated truckload shipping unit. Asset light truckload and LTL brokerage makes up around 20%. The remaining 20% reflects Hub's logistics division, which provides outsourced transportation management, warehousing and fulfillment, and heavy-goods final mile delivery. Hub is somewhat acquisitive in that it often makes tuck-in acquisitions which expand its brokerage, logistics, and dedicated truckload offerings.
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