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FRP Holdings Return-on-Tangible-Asset

: 1.83% (As of Dec. 2019)
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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. FRP Holdings's annualized Net Income for the quarter that ended in Dec. 2019 was $9.81 Mil. FRP Holdings's average total tangible assets for the quarter that ended in Dec. 2019 was $537.22 Mil. Therefore, FRP Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2019 was 1.83%.

NAS:FRPH' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.88   Med: 4   Max: 26.94
Current: 3.09

2.88
26.94

During the past 13 years, FRP Holdings's highest Return-on-Tangible-Asset was 26.94%. The lowest was 2.88%. And the median was 4.00%.

NAS:FRPH's Return-on-Tangible-Asset is ranked higher than
59% of the 1745 Companies
in the Real Estate industry.

( Industry Median: 2.30 vs. NAS:FRPH: 3.09 )

FRP Holdings Return-on-Tangible-Asset Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

FRP Holdings Annual Data
Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Dec17 Dec18 Dec19
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.93 4.65 12.22 26.94 3.10

FRP Holdings Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Return-on-Tangible-Asset 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 Premium Member Only Premium Member Only Premium Member Only 0.56 1.50 7.55 1.49 1.83

Competitive Comparison
* 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.


FRP Holdings Return-on-Tangible-Asset Distribution

* The bar in red indicates where FRP Holdings's Return-on-Tangible-Asset falls into.



FRP Holdings Return-on-Tangible-Asset Calculation

FRP Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2019 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=16.177/( (505.488+538.148)/ 2 )
=16.177/521.818
=3.10 %

FRP Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2019 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2019 )  (Q: Sep. 2019 )(Q: Dec. 2019 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2019 )  (Q: Sep. 2019 )(Q: Dec. 2019 )
=9.812/( (536.297+538.148)/ 2 )
=9.812/537.2225
=1.83 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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. 2019) net income data.


FRP Holdings  (NAS:FRPH) 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.


FRP Holdings Return-on-Tangible-Asset Related Terms


FRP Holdings Return-on-Tangible-Asset Headlines

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