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OneWater Marine Return-on-Tangible-Asset

: 10.12% (As of Dec. 2020)
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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. OneWater Marine's annualized Net Income for the quarter that ended in Dec. 2020 was $31 Mil. OneWater Marine's average total tangible assets for the quarter that ended in Dec. 2020 was $308 Mil. Therefore, OneWater Marine's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2020 was 10.12%.

NAS:ONEW' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.01   Med: 3.14   Max: 12.69
Current: 7.26

-3.01
12.69

During the past 4 years, OneWater Marine's highest Return-on-Tangible-Asset was 12.69%. The lowest was -3.01%. And the median was 3.14%.

NAS:ONEW's Return-on-Tangible-Asset is ranked higher than
84% of the 1157 Companies
in the Vehicles & Parts industry.

( Industry Median: 1.38 vs. NAS:ONEW: 7.26 )

OneWater Marine 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.

OneWater Marine Annual Data
Sep17 Sep18 Sep19 Sep20
Return-on-Tangible-Asset -3.01 0.60 12.69 5.68

OneWater Marine Quarterly Data
Sep17 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 -1.51 1.13 15.19 2.49 10.12

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.


OneWater Marine Return-on-Tangible-Asset Distribution

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



OneWater Marine Return-on-Tangible-Asset Calculation

OneWater Marine's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2020 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2020 )  (A: Sep. 2019 )(A: Sep. 2020 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2020 )  (A: Sep. 2019 )(A: Sep. 2020 )
=17.425/( (330.392+283.704)/ 2 )
=17.425/307.048
=5.68 %

OneWater Marine's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2020 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2020 )  (Q: Sep. 2020 )(Q: Dec. 2020 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2020 )  (Q: Sep. 2020 )(Q: Dec. 2020 )
=31.152/( (283.704+331.771)/ 2 )
=31.152/307.7375
=10.12 %

* 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. 2020) net income data.


OneWater Marine  (NAS:ONEW) 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.


OneWater Marine Return-on-Tangible-Asset Related Terms


OneWater Marine Return-on-Tangible-Asset Headlines

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