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Bioscience Animal Health PCL (BKK:BIS) Return-on-Tangible-Asset : 5.68% (As of Jun. 2024)


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What is Bioscience Animal Health PCL 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. Bioscience Animal Health PCL's annualized Net Income for the quarter that ended in Jun. 2024 was ฿64 Mil. Bioscience Animal Health PCL's average total tangible assets for the quarter that ended in Jun. 2024 was ฿1,132 Mil. Therefore, Bioscience Animal Health PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 5.68%.

The historical rank and industry rank for Bioscience Animal Health PCL's Return-on-Tangible-Asset or its related term are showing as below:

BKK:BIS' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.11   Med: 5.6   Max: 8.37
Current: 5.37

During the past 7 years, Bioscience Animal Health PCL's highest Return-on-Tangible-Asset was 8.37%. The lowest was 1.11%. And the median was 5.60%.

BKK:BIS's Return-on-Tangible-Asset is ranked better than
61.64% of 1929 companies
in the Consumer Packaged Goods industry
Industry Median: 3.52 vs BKK:BIS: 5.37

Bioscience Animal Health PCL Return-on-Tangible-Asset Historical Data

The historical data trend for Bioscience Animal Health PCL'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.

Bioscience Animal Health PCL Return-on-Tangible-Asset Chart

Bioscience Animal Health PCL Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial 3.30 6.39 8.37 5.60 4.40

Bioscience Animal Health PCL Quarterly Data
Dec17 Dec18 Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 4.27 5.78 5.33 4.56 5.68

Competitive Comparison of Bioscience Animal Health PCL's Return-on-Tangible-Asset

For the Packaged Foods subindustry, Bioscience Animal Health PCL'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.


Bioscience Animal Health PCL's Return-on-Tangible-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bioscience Animal Health PCL's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Bioscience Animal Health PCL's Return-on-Tangible-Asset falls into.



Bioscience Animal Health PCL Return-on-Tangible-Asset Calculation

Bioscience Animal Health PCL's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=50.705/( (1080.664+1221.872)/ 2 )
=50.705/1151.268
=4.40 %

Bioscience Animal Health PCL'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: Mar. 2024 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=64.332/( (1140.2+1123.835)/ 2 )
=64.332/1132.0175
=5.68 %

* 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 four times the quarterly (Jun. 2024) net income data.


Bioscience Animal Health PCL  (BKK:BIS) 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.


Bioscience Animal Health PCL Return-on-Tangible-Asset Related Terms

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Bioscience Animal Health PCL Business Description

Traded in Other Exchanges
N/A
Address
Bond Street Road, No. 479, 4th Floor, Muangthongthani, Bangphut, Pakkret, Nonthaburi, THA, 11120
Bioscience Animal Health PCL along with its subsidiaries is engaged in the manufacturing, import and distribution of pharmaceutical supplies, medical devices, equipment, and products for livestock and companion animals (pets). Geographically, the company generates revenue from Thailand.

Bioscience Animal Health PCL Headlines