What is Warner Bros. Discovery 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. Warner Bros. Discovery's annualizedNet Income for the quarter that ended in Mar. 2025 was €-1,676 Mil. Warner Bros. Discovery's average total tangible assets for the quarter that ended in Mar. 2025 was €25,189 Mil. Therefore, Warner Bros. Discovery's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was -6.65%.
The historical rank and industry rank for Warner Bros. Discovery's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:J5Ad'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -40.57 Med: 7.97 Max: 29.96
Current: -39.94
During the past 13 years, Warner Bros. Discovery's highest Return-on-Tangible-Asset was 29.96%. The lowest was -40.57%. And the median was 7.97%.
CHIX:J5Ad's Return-on-Tangible-Asset is ranked worse than 88.55% of 1057
companies
in the Media - Diversified industry
Industry Median: 0.44
vs CHIX:J5Ad: -39.94
Warner Bros. Discovery Return-on-Tangible-Asset Historical Data
The historical data trend for Warner Bros. Discovery'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.
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Warner Bros. Discovery Return-on-Tangible-Asset Chart
Competitive Comparison of Warner Bros. Discovery's Return-on-Tangible-Asset
For the Entertainment subindustry, Warner Bros. Discovery'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.
Warner Bros. Discovery's Return-on-Tangible-Asset Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Bros. Discovery's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Warner Bros. Discovery's Return-on-Tangible-Asset falls into.
* 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 (Mar. 2025) net income data.
Warner Bros. Discovery (CHIX:J5Ad) 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.
Warner Bros. Discovery Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Warner Bros. Discovery's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Warner Bros. Discovery was formed in 2022 through the combination of WarnerMedia and Discovery Communications. It operates in three global business segments: studios, networks, and direct-to-consumer. Warner Bros. Pictures is the crown jewel of the studios business, producing, distributing, and licensing movies and television shows. The networks business consists of basic cable networks, such as CNN, TNT, TBS, Discovery, HGTV, and the Food Network. Direct-to-consumer includes HBO and the firm's streaming platforms, which have now been consolidated to Max and Discovery+. Much of the DTC content is created within the firm's other two business segments. Each segment operates with a global reach, with Max available in over 70 countries.
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