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Svitzer Group AS (CHIX:SVITZC) Return-on-Tangible-Asset : 4.11% (As of Dec. 2024)


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What is Svitzer Group AS 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. Svitzer Group AS's annualized Net Income for the quarter that ended in Dec. 2024 was kr496 Mil. Svitzer Group AS's average total tangible assets for the quarter that ended in Dec. 2024 was kr12,063 Mil. Therefore, Svitzer Group AS's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 4.11%.

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

CHIX:SVITZc' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.89   Med: 4.24   Max: 4.96
Current: 2.97

During the past 4 years, Svitzer Group AS's highest Return-on-Tangible-Asset was 4.96%. The lowest was 2.89%. And the median was 4.24%.

CHIX:SVITZc's Return-on-Tangible-Asset is ranked worse than
58.42% of 1003 companies
in the Transportation industry
Industry Median: 3.99 vs CHIX:SVITZc: 2.97

Svitzer Group AS Return-on-Tangible-Asset Historical Data

The historical data trend for Svitzer Group AS'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.

Svitzer Group AS Return-on-Tangible-Asset Chart

Svitzer Group AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
4.07 4.40 4.96 2.89

Svitzer Group AS Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial - 2.51 7.42 1.99 4.11

Competitive Comparison of Svitzer Group AS's Return-on-Tangible-Asset

For the Marine Shipping subindustry, Svitzer Group AS'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.


Svitzer Group AS's Return-on-Tangible-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Svitzer Group AS's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Svitzer Group AS's Return-on-Tangible-Asset falls into.


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Svitzer Group AS Return-on-Tangible-Asset Calculation

Svitzer Group AS's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=377/( (13964+12101)/ 2 )
=377/13032.5
=2.89 %

Svitzer Group AS'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 )
=496/( (12024+12101)/ 2 )
=496/12062.5
=4.11 %

* 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.


Svitzer Group AS  (CHIX:SVITZc) 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.


Svitzer Group AS Return-on-Tangible-Asset Related Terms

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Svitzer Group AS Business Description

Traded in Other Exchanges
Address
Sundkrogsgade 17, Copenhagen, DNK, 2100
Svitzer Group AS is in sustainable marine services. It provides customers with business-critical and safe towage services and maritime solutions. Company have divided its towage service business into two main areas: Harbour Towage: In Harbour Towage, company enter into agreements with vessel owners or operators to provide towage services for their vessels in specific ports; and Terminal Towage , company enter into agreements with on and offshore terminal operators or other customers for the delivery of towage services by making a pre-determined number of tugboats, and sometimes other vessels, available to service all vessels that enter or leave the specific terminal. The company operates in various countries such as Australia, Europe, America, AMEA, with majority from Australia.

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