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. Dr Hoenle AG's annualizedNet Income for the quarter that ended in Dec. 2023 was €-3.6 Mil. Dr Hoenle AG's average total tangible assets for the quarter that ended in Dec. 2023 was €152.4 Mil. Therefore, Dr Hoenle AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -2.36%.
The historical rank and industry rank for Dr Hoenle AG's Return-on-Tangible-Asset or its related term are showing as below:
XTER:HNL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.8 Med: 10.68 Max: 23.52
Current: -8.8
During the past 13 years, Dr Hoenle AG's highest Return-on-Tangible-Asset was 23.52%. The lowest was -8.80%. And the median was 10.68%.
XTER:HNL's Return-on-Tangible-Asset is ranked worse than 88.5% of 3017
companies
in the Industrial Products industry
Industry Median: 3.88
vs XTER:HNL: -8.80
Dr Hoenle AG Return-on-Tangible-Asset Historical Data
The historical data trend for Dr Hoenle AG'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 Dr Hoenle AG's Return-on-Tangible-Asset
For the Electrical Equipment & Parts subindustry, Dr Hoenle AG'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.
Dr Hoenle AG's Return-on-Tangible-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Dr Hoenle AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Dr Hoenle AG's Return-on-Tangible-Asset falls into.
Dr Hoenle AG Return-on-Tangible-Asset Calculation
Dr Hoenle AG's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 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.
Dr Hoenle AG (XTER:HNL) 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.
Dr Hoenle AG Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Dr Hoenle AG's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Dr Hoenle AG supplies industrial UV technology. It operates in three business segments: The Equipment and Systems segment, which accounts for the majority of revenue, includes devices for UVC air and surface disinfection, and it is used for drying inks and coatings, for curing adhesives and plastics, and for solar simulation. The Glass and Lamps segment includes the development, production, and sale of tubing and semi-finished goods made of quartz glass as well as the manufacture of UV medium?pressure and low-pressure lamps. Adhesives segment, which includes industrial adhesives designed for a broad spectrum of applications such as electronics, medical technology, optics, and glass processing. The company generates the majority of its revenue from sales in other countries.
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