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BSP:ONDA11's Return-on-Tangible-Asset is not ranked *
in the REITs industry.
Industry Median: 3.285 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons (BSP:ONDA11) 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.
Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons Return-on-Tangible-Asset Related Terms
Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons 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.
Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons Return-on-Tangible-Asset Chart
Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons Annual Data
Trend
Return-on-Tangible-Asset
Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons Semi-Annual Data
Jun24
Return-on-Tangible-Asset
-0.72
BSP:ONDA11 vs : Return-on-Tangible-Asset Comparison
* 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.
Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons 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 two times the semi-annual (Jun. 2024) net income data.
What does a Return-on-Tangible-Asset of -0.72% mean?
Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons (BSP:ONDA11) has a Return-on-Tangible-Asset of -0.72% as of Jun. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons and its competitors.
Is Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons' Return-on-Tangible-Asset too high?
Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons' current Return-on-Tangible-Asset is -0.72%. Overall, Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons' Return-on-Tangible-Asset compare to ?
Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons' Return-on-Tangible-Asset of -0.72% can be compared against companies in the REITs industry. The industry median Return-on-Tangible-Asset is 3.29. 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 3.29, based on 926 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. 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 Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons's current Return-on-Tangible-Asset is -0.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons stock overvalued right now?
Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons (BSP:ONDA11) has a current Return-on-Tangible-Asset of -0.72%. The current Return-on-Tangible-Asset is -0.72%. Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons' overall GF Score™ is 4/100. 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 Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons (BSP:ONDA11), the current Return-on-Tangible-Asset is -0.72% as of Jun. 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.
Onda Invest Multiestrategia Fundo De Invest Imobiliario Respons Business Description
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