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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. Consolidated Media Holdings's annualizedNet Income for the quarter that ended in Jun. 2012 was A$85.80 Mil. Consolidated Media Holdings's average total tangible assets for the quarter that ended in Jun. 2012 was A$584.59 Mil. Therefore, Consolidated Media Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2012 was 14.68%.
The historical rank and industry rank for Consolidated Media Holdings's Return-on-Tangible-Asset or its related term are showing as below:
ASX:PB1's Return-on-Tangible-Asset is not ranked *
in the Media - Diversified industry.
Industry Median: 0.82 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Consolidated Media Holdings (ASX:PB1) 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.
Consolidated Media Holdings Return-on-Tangible-Asset Related Terms
Consolidated Media Holdings 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.
Consolidated Media Holdings Return-on-Tangible-Asset Chart
Consolidated Media Holdings Return-on-Tangible-Asset Competitor Comparison
For the Broadcasting subindustry, Consolidated Media Holdings'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.
Consolidated Media Holdings Return-on-Tangible-Asset vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Consolidated Media Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Consolidated Media Holdings'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 one times the annual (Jun. 2012) net income data.
What does a Return-on-Tangible-Asset of 14.68% mean?
Consolidated Media Holdings (ASX:PB1) has a Return-on-Tangible-Asset of 14.68% as of Jun. 2012. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Consolidated Media Holdings and its competitors.
Is Consolidated Media Holdings' Return-on-Tangible-Asset too high?
Consolidated Media Holdings' current Return-on-Tangible-Asset is 14.68%. The Media - Diversified industry median Return-on-Tangible-Asset is 0.82. Consolidated Media Holdings' value of 14.68% is 1690.2% above this industry median.
How does Consolidated Media Holdings' Return-on-Tangible-Asset compare to competitors?
Consolidated Media Holdings' Return-on-Tangible-Asset of 14.68% can be compared against companies in the Media - Diversified industry. The industry median Return-on-Tangible-Asset is 0.82. Consolidated Media Holdings' value of 14.68% is 1690.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Media - Diversified company?
The median Return-on-Tangible-Asset among Media - Diversified companies is 0.82, based on 1,032 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Consolidated Media Holdings's current Return-on-Tangible-Asset of 14.68% is 1690.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Consolidated Media Holdings and its competitors. For the Media - Diversified industry, the median Return-on-Tangible-Asset is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Consolidated Media Holdings's current Return-on-Tangible-Asset is 14.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Consolidated Media Holdings stock overvalued right now?
Consolidated Media Holdings (ASX:PB1) has a current Return-on-Tangible-Asset of 14.68%. The current Return-on-Tangible-Asset is 14.68% and 1690.2% above the Media - Diversified industry median of 0.82. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Consolidated Media Holdings (ASX:PB1), the current Return-on-Tangible-Asset is 14.68% as of Jun. 2012. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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