GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qube Holdings Ltd (ASX:QUBHA.PFD) » Definitions » Return-on-Tangible-Asset

Qube Holdings (ASX:QUBHA.PFD) Return-on-Tangible-Asset : 4.31% (As of Jun. 2024)


View and export this data going back to 2016. Start your Free Trial

What is Qube Holdings 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. Qube Holdings's annualized Net Income for the quarter that ended in Jun. 2024 was A$219.20 Mil. Qube Holdings's average total tangible assets for the quarter that ended in Jun. 2024 was A$5,089.00 Mil. Therefore, Qube Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 4.31%.

The historical rank and industry rank for Qube Holdings's Return-on-Tangible-Asset or its related term are showing as below:

ASX:QUBHA.PFD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.75   Med: 3.86   Max: 6.53
Current: 4.45

During the past 13 years, Qube Holdings's highest Return-on-Tangible-Asset was 6.53%. The lowest was 1.75%. And the median was 3.86%.

ASX:QUBHA.PFD's Return-on-Tangible-Asset is ranked better than
52.73% of 971 companies
in the Transportation industry
Industry Median: 4.13 vs ASX:QUBHA.PFD: 4.45

Qube Holdings Return-on-Tangible-Asset Historical Data

The historical data trend for Qube Holdings'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.

* Premium members only.

Qube Holdings Return-on-Tangible-Asset Chart

Qube Holdings Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.95 1.75 2.52 3.53 4.48

Qube Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.98 4.75 2.40 4.58 4.31

Competitive Comparison of Qube Holdings's Return-on-Tangible-Asset

For the Integrated Freight & Logistics subindustry, Qube 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.


Qube Holdings's Return-on-Tangible-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Qube Holdings's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Qube Holdings's Return-on-Tangible-Asset falls into.



Qube Holdings Return-on-Tangible-Asset Calculation

Qube Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=221.9/( (4769.9+5138.7)/ 2 )
=221.9/4954.3
=4.48 %

Qube Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=219.2/( (5039.3+5138.7)/ 2 )
=219.2/5089
=4.31 %

* 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 (Jun. 2024) net income data.


Qube Holdings  (ASX:QUBHA.PFD) 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 company’s 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 company’s 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.


Qube Holdings Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Qube Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Qube Holdings Business Description

Traded in Other Exchanges
Address
45 Clarence Street, Level 27, Sydney, NSW, AUS, 2000
Qube has three main divisions: operating; property; and Patrick. Operating undertakes road/rail transportation of containers to and from port, operation of container parks, customs/quarantine services, warehousing, intermodal terminals, international freight forwarding, domestic stevedoring, and bulk transport. Patrick is the container terminals business acquired from Asciano, and the property division includes tactical land holdings in Sydney.

Qube Holdings Headlines

No Headlines