What is Flight Centre Travel Group Return-on-Tangible-Asset?
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. Flight Centre Travel Group's annualizedNet Income for the quarter that ended in Dec. 2024 was A$121 Mil. Flight Centre Travel Group's average total tangible assets for the quarter that ended in Dec. 2024 was A$2,986 Mil. Therefore, Flight Centre Travel Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 4.05%.
The historical rank and industry rank for Flight Centre Travel Group's Return-on-Tangible-Asset or its related term are showing as below:
ASX:FLT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -22.21 Med: 6.5 Max: 11.38
Current: 3.87
During the past 13 years, Flight Centre Travel Group's highest Return-on-Tangible-Asset was 11.38%. The lowest was -22.21%. And the median was 6.50%.
ASX:FLT's Return-on-Tangible-Asset is ranked better than 59.12% of 839
companies
in the Travel & Leisure industry
Industry Median: 2.3
vs ASX:FLT: 3.87
Flight Centre Travel Group Return-on-Tangible-Asset Historical Data
* 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.
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Flight Centre Travel Group Return-on-Tangible-Asset Chart
Competitive Comparison of Flight Centre Travel Group's Return-on-Tangible-Asset
For the Travel Services subindustry, Flight Centre Travel Group'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.
Flight Centre Travel Group's Return-on-Tangible-Asset Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Flight Centre Travel Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Flight Centre Travel Group'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. 2024) net income data.
Flight Centre Travel Group (ASX:FLT) 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.
Flight Centre Travel Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Flight Centre Travel Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Flight Centre Travel is one of the largest travel agencies in the world. The group generates just over 50% of its total transaction value, or TTV, from the corporate market, just under 50% from the leisure market, and the rest from ancillary travel-related businesses. In corporate travel, Flight Centre is a global Top 4 operator operating in over 100 countries, with different brands catering to various customer segments (small and midsize businesses to large enterprises). In leisure, Flight Centre operates a network of over 550 shops generating 70% of the leisure TTV, online channels generating just under 20%, and the rest from independent agents. Over half of group TTV is generated in Australia and New Zealand, 20% from Americas, just under 20% from Europe, and the rest from Asia.
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