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Pernod Ricard Return-on-Tangible-Asset

: 14.08% (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. Pernod Ricard's annualized Net Income for the quarter that ended in Dec. 2019 was $2,293 Mil. Pernod Ricard's average total tangible assets for the quarter that ended in Dec. 2019 was $16,290 Mil. Therefore, Pernod Ricard's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2019 was 14.08%.

OTCPK:PDRDF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.22   Med: 10.81   Max: 12.3
Current: 10.25

7.22
12.3

During the past 13 years, Pernod Ricard's highest Return-on-Tangible-Asset was 12.30%. The lowest was 7.22%. And the median was 10.81%.

OTCPK:PDRDF's Return-on-Tangible-Asset is ranked higher than
79% of the 205 Companies
in the Beverages - Alcoholic industry.

( Industry Median: 3.03 vs. OTCPK:PDRDF: 10.25 )

Pernod Ricard 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.

Pernod Ricard Annual Data
Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.57 9.61 10.73 12.54 10.74

Pernod Ricard Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 18.07 6.62 15.26 6.21 14.08

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.


Pernod Ricard Return-on-Tangible-Asset Distribution

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



Pernod Ricard Return-on-Tangible-Asset Calculation

Pernod Ricard's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2019 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2019 )  (A: Jun. 2018 )(A: Jun. 2019 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2019 )  (A: Jun. 2018 )(A: Jun. 2019 )
=1644.0677966102/( (14836.448598131+15786.440677966)/ 2 )
=1644.0677966102/15311.444638048
=10.74 %

Pernod Ricard'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: Jun. 2019 )(Q: Dec. 2019 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2019 )  (Q: Jun. 2019 )(Q: Dec. 2019 )
=2293.3333333333/( (15786.440677966+16794.444444444)/ 2 )
=2293.3333333333/16290.442561205
=14.08 %

* 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 two times the semi-annual (Dec. 2019) net income data.


Pernod Ricard  (OTCPK:PDRDF) 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.


Pernod Ricard Return-on-Tangible-Asset Related Terms


Pernod Ricard Return-on-Tangible-Asset Headlines

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