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Sears Canada Return-on-Tangible-Asset

: -47.13% (As of Apr. 2017)
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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. Sears Canada's annualized Net Income for the quarter that ended in Apr. 2017 was $-430 Mil. Sears Canada's average total tangible assets for the quarter that ended in Apr. 2017 was $912 Mil. Therefore, Sears Canada's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2017 was -47.13%.

Sears Canada Return-on-Tangible-Asset Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Sears Canada Annual Data
Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.93 17.57 -15.49 -3.70 -23.46

Sears Canada Quarterly Data
Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17
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 -17.10 -24.82 -35.08 -14.38 -47.13
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.

Sears Canada Return-on-Tangible-Asset Distribution

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


Sears Canada Return-on-Tangible-Asset Calculation

Sears Canada's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jan. 2017 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jan. 2017 )  (A: Jan. 2016 )(A: Jan. 2017 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jan. 2017 )  (A: Jan. 2016 )(A: Jan. 2017 )
=-243.49541075628/( (1133.6570945946+942.42585147539)/ 2 )
=-243.49541075628/1038.041473035
=-23.46 %

Sears Canada's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2017 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Apr. 2017 )  (Q: Jan. 2017 )(Q: Apr. 2017 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Apr. 2017 )  (Q: Jan. 2017 )(Q: Apr. 2017 )
=-429.85785517601/( (942.42585147539+881.81885837613)/ 2 )
=-429.85785517601/912.12235492576
=-47.13 %

* All numbers are in millions except for per share data and ratio. All numbers 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 (Apr. 2017) net income data.

Sears Canada  (OTCPK:SRSCQ) 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.

Sears Canada Return-on-Tangible-Asset Related Terms

Sears Canada Return-on-Tangible-Asset Headlines

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