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Land And Houses Residential Freehold And Leasehold REIT (BKK:LHRREIT) 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.
Land And Houses Residential Freehold And Leasehold REIT Return-on-Tangible-Asset Related Terms
Land And Houses Residential Freehold And Leasehold REIT 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.
Land And Houses Residential Freehold And Leasehold REIT Return-on-Tangible-Asset Chart
Land And Houses Residential Freehold And Leasehold REIT Annual Data
* 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.
Land And Houses Residential Freehold And Leasehold REIT Return-on-Tangible-Asset vs REITs Industry
* 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 (Sep. 2024) net income data.
What does a Return-on-Tangible-Asset of 2.88% mean?
Land And Houses Residential Freehold And Leasehold REIT (BKK:LHRREIT) has a Return-on-Tangible-Asset of 2.88% as of Sep. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Land And Houses Residential Freehold And Leasehold REIT and its competitors. This is 40% below median its historical median of 4.77. Over the past decade, Land And Houses Residential Freehold And Leasehold REIT's Return-on-Tangible-Asset has ranged from 0.18 to 6.32. According to the industry distribution chart, Land And Houses Residential Freehold And Leasehold REIT ranks #732 out of 928 companies in the REITs industry, placing it in the top 78.9%.
Is Land And Houses Residential Freehold And Leasehold REIT's Return-on-Tangible-Asset too high?
Land And Houses Residential Freehold And Leasehold REIT's current Return-on-Tangible-Asset of 2.88% is 40% below median its 10-year median of 4.77. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 6.32. The REITs industry median Return-on-Tangible-Asset is 3.32. Land And Houses Residential Freehold And Leasehold REIT's value of 2.88% is 13.3% below this industry median. Based on the distribution chart, Land And Houses Residential Freehold And Leasehold REIT ranks #732 out of 928 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Land And Houses Residential Freehold And Leasehold REIT has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Land And Houses Residential Freehold And Leasehold REIT's Return-on-Tangible-Asset compare to VMRK and EQR?
According to the REITs industry distribution chart, Land And Houses Residential Freehold And Leasehold REIT ranks #732 out of 928 companies for Return-on-Tangible-Asset. This places Land And Houses Residential Freehold And Leasehold REIT in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.32. Land And Houses Residential Freehold And Leasehold REIT's value of 2.88% is 13.3% below this benchmark. Historically, Land And Houses Residential Freehold And Leasehold REIT's own Return-on-Tangible-Asset has ranged from 0.18 to 6.32 over the past decade. While the company's 10-year median is 4.77 vs. the industry median of 3.32, Land And Houses Residential Freehold And Leasehold REIT has consistently been below the industry average. 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.32, based on 928 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. Land And Houses Residential Freehold And Leasehold REIT's current Return-on-Tangible-Asset of 2.88% is 13.3% below 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 Land And Houses Residential Freehold And Leasehold REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Land And Houses Residential Freehold And Leasehold REIT's current Return-on-Tangible-Asset is 2.88%, which is 40% below median its own 10-year median of 4.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Land And Houses Residential Freehold And Leasehold REIT stock overvalued right now?
Land And Houses Residential Freehold And Leasehold REIT (BKK:LHRREIT) has a current Return-on-Tangible-Asset of 2.88%. The current Return-on-Tangible-Asset is 2.88%, which is 40% below median its 10-year median of 4.77 and 13.3% below the REITs industry median of 3.32. Land And Houses Residential Freehold And Leasehold REIT's overall GF Score™ is 48/100 with 4 warning signs to review. 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 Land And Houses Residential Freehold And Leasehold REIT (BKK:LHRREIT), the current Return-on-Tangible-Asset is 2.88% as of Sep. 2024. 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.
Land and Houses Residential Freehold and Leasehold REIT is principally engaged in the rental of immovable properties in Thailand. The Trust invests in the freehold rights of the Centre Point Sukhumvit-Thonglor Serviced Apartment Project and Centre Point Residence Phromphong Project 2, and in the leasehold rights of L&H Villa Sathon.
48GF Score
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