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. Nissan Motor Co's annualizedNet Income for the quarter that ended in Dec. 2023 was 円116,576 Mil. Nissan Motor Co's average total tangible assets for the quarter that ended in Dec. 2023 was 円18,530,941 Mil. Therefore, Nissan Motor Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 0.63%.
The historical rank and industry rank for Nissan Motor Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:7201'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.76 Med: 2.3 Max: 4.05
Current: 2.41
During the past 13 years, Nissan Motor Co's highest Return-on-Tangible-Asset was 4.05%. The lowest was -3.76%. And the median was 2.30%.
TSE:7201's Return-on-Tangible-Asset is ranked worse than 56.69% of 1300
companies
in the Vehicles & Parts industry
Industry Median: 3.475
vs TSE:7201: 2.41
Nissan Motor Co Return-on-Tangible-Asset Historical Data
The historical data trend for Nissan Motor Co'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 Nissan Motor Co's Return-on-Tangible-Asset
For the Auto Manufacturers subindustry, Nissan Motor Co'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.
Nissan Motor Co's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nissan Motor Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nissan Motor Co's Return-on-Tangible-Asset falls into.
Nissan Motor Co Return-on-Tangible-Asset Calculation
Nissan Motor Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 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.
Nissan Motor Co (TSE:7201) 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.
Nissan Motor Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Nissan Motor Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
While Nissan sold 3.3 million vehicles last fiscal year, total calendar 2022 Renault-Nissan-Mitsubishi alliance sales volume of 6.5 million vehicles makes the group the fourth-largest vehicle seller in the world, behind Toyota at 10.3 million, Volkswagen at 8.5 million, and Hyundai/Kia with 6.8 million vehicles sold. Nissan's financial services subsidiary provides consumers with auto loans and leases but also finances Nissan's sales to its dealerships (known as floor-plan financing). Nissan is 43.4% owned by Renault, while Nissan in turn owns 15% of Renault. Nissan also owns a 34% stake in Mitsubishi Motors. Under a new alliance agreement expected to be completed before the end of December 2023, Nissan and Renault will have cross-shareholding capped at 15% voting rights for each company.
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