GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Rubicon Water Ltd (ASX:RWL) » Definitions » Return-on-Tangible-Asset

Rubicon Water (ASX:RWL) Return-on-Tangible-Asset : -2.63% (As of Dec. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Rubicon Water 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. Rubicon Water's annualized Net Income for the quarter that ended in Dec. 2024 was A$-2.72 Mil. Rubicon Water's average total tangible assets for the quarter that ended in Dec. 2024 was A$103.58 Mil. Therefore, Rubicon Water's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -2.63%.

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

ASX:RWL' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.24   Med: -9.44   Max: -0.35
Current: -6.32

During the past 3 years, Rubicon Water's highest Return-on-Tangible-Asset was -0.35%. The lowest was -10.24%. And the median was -9.44%.

ASX:RWL's Return-on-Tangible-Asset is ranked worse than
93.64% of 503 companies
in the Utilities - Regulated industry
Industry Median: 3.18 vs ASX:RWL: -6.32

Rubicon Water Return-on-Tangible-Asset Historical Data

The historical data trend for Rubicon Water'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.

Rubicon Water Return-on-Tangible-Asset Chart

Rubicon Water Annual Data
Trend Jun22 Jun23 Jun24
Return-on-Tangible-Asset
-0.35 -9.44 -10.24

Rubicon Water Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial -9.17 -9.05 -10.17 -10.10 -2.63

Competitive Comparison of Rubicon Water's Return-on-Tangible-Asset

For the Utilities - Regulated Water subindustry, Rubicon Water'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.


Rubicon Water's Return-on-Tangible-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Rubicon Water's Return-on-Tangible-Asset distribution charts can be found below:

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


;
;

Rubicon Water Return-on-Tangible-Asset Calculation

Rubicon Water'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 )
=-10.71/( (107.957+101.284)/ 2 )
=-10.71/104.6205
=-10.24 %

Rubicon Water's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=-2.724/( (101.284+105.866)/ 2 )
=-2.724/103.575
=-2.63 %

* 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.


Rubicon Water  (ASX:RWL) 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.


Rubicon Water Return-on-Tangible-Asset Related Terms

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


Rubicon Water Business Description

Traded in Other Exchanges
N/A
Address
1 Cato Street, Hawthorn East, Melbourne, VIC, AUS, 3123
Rubicon Water Ltd is engaged in the water technology solutions business that designs, manufactures, installs, and maintains irrigation automation software and hardware. It generates revenue through sales of hardware, software, and services, as well as from ongoing maintenance of the installed end-to-end solution base.

Rubicon Water Headlines

From GuruFocus

Kozak & Associates, Inc. Goes on Buying Spree in 4th Quarter

By GuruFocus Research GuruFocus Editor 01-03-2023

Kozak & Associates, Inc. Goes on Buying Spree in 3rd Quarter

By GuruFocus Research GuruFocus Editor 10-12-2022