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. BlueScope Steel's annualizedNet Income for the quarter that ended in Dec. 2023 was A$879 Mil. BlueScope Steel's average total tangible assets for the quarter that ended in Dec. 2023 was A$13,034 Mil. Therefore, BlueScope Steel's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 6.74%.
The historical rank and industry rank for BlueScope Steel's Return-on-Tangible-Asset or its related term are showing as below:
ASX:BSL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.18 Med: 8.35 Max: 21.96
Current: 6.49
During the past 13 years, BlueScope Steel's highest Return-on-Tangible-Asset was 21.96%. The lowest was -1.18%. And the median was 8.35%.
ASX:BSL's Return-on-Tangible-Asset is ranked better than 73.21% of 627
companies
in the Steel industry
Industry Median: 3.11
vs ASX:BSL: 6.49
BlueScope Steel Return-on-Tangible-Asset Historical Data
The historical data trend for BlueScope Steel'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 BlueScope Steel's Return-on-Tangible-Asset
For the Steel subindustry, BlueScope Steel'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.
BlueScope Steel's Return-on-Tangible-Asset Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, BlueScope Steel's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BlueScope Steel's Return-on-Tangible-Asset falls into.
* 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 two times the semi-annual (Dec. 2023) net income data.
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.
BlueScope Steel Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of BlueScope Steel's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
BlueScope is an Australian-based steelmaking firm with five business units. The Australian Steel Products segment mainly specializes in branded coated and painted flat steel products, sold domestically. North Star is the group's U.S. mini-mill specializing in the production of hot rolled coil for U.S. construction and automotive sectors. Building Products Asia and North America operate across Southeast Asia, China, India, and the U.S. West Coast involved in metal-coating, painting, and roll-forming. New Zealand Steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands. The Buildings North America segment specializes in non-residential buildings, including materials manufacturing and support services.
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