GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Capital Properties Inc (OTCPK:CPTP) » Definitions » Return-on-Tangible-Asset

CPTP (Capital Properties) Return-on-Tangible-Asset : 24.94% (As of Dec. 2024)


View and export this data going back to 1995. Start your Free Trial

What is Capital Properties 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. Capital Properties's annualized Net Income for the quarter that ended in Dec. 2024 was $2.26 Mil. Capital Properties's average total tangible assets for the quarter that ended in Dec. 2024 was $9.06 Mil. Therefore, Capital Properties's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 24.94%.

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

CPTP' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.88   Med: 21.89   Max: 30.94
Current: 22.17

During the past 13 years, Capital Properties's highest Return-on-Tangible-Asset was 30.94%. The lowest was 7.88%. And the median was 21.89%.

CPTP's Return-on-Tangible-Asset is ranked better than
98.5% of 1806 companies
in the Real Estate industry
Industry Median: 1.4 vs CPTP: 22.17

Capital Properties Return-on-Tangible-Asset Historical Data

The historical data trend for Capital Properties'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.

Capital Properties Return-on-Tangible-Asset Chart

Capital Properties Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.95 21.51 21.23 26.81 22.26

Capital Properties Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 Premium Member Only Premium Member Only Premium Member Only 27.85 21.62 18.92 23.12 24.94

Competitive Comparison of Capital Properties's Return-on-Tangible-Asset

For the Real Estate Services subindustry, Capital Properties'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.


Capital Properties's Return-on-Tangible-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Capital Properties's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Capital Properties's Return-on-Tangible-Asset falls into.


;
;

Capital Properties Return-on-Tangible-Asset Calculation

Capital Properties'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 )
=2.003/( (8.947+9.051)/ 2 )
=2.003/8.999
=22.26 %

Capital Properties'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: Sep. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=2.26/( (9.074+9.051)/ 2 )
=2.26/9.0625
=24.94 %

* 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 (Dec. 2024) net income data.


Capital Properties  (OTCPK:CPTP) 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.


Capital Properties Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Capital Properties's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Capital Properties Business Description

Traded in Other Exchanges
N/A
Address
5 Steeple Street, Unit 303, Providence, RI, USA, 02903
Capital Properties Inc is a real estate company. The company's business activities include the long-term leasing of certain real estate interests in downtown Providence, Rhode Island, the leasing of a portion of its building under short-term leasing arrangements, and the leasing of locations along interstate and primary highways in Rhode Island and Massachusetts. The properties of the company includes historic buildings in and adjacent to the Capital Center District in Providence, Rhode Island, as well as owns several locations on which billboard faces are constructed. Its only operating segment is Leasing.
Executives
Daniel T Noreck director 75 HAMMOND STREET, WORCESTER MA 01610
Linda Eder other: See Remarks 100 DEXTER ROAD, EAST PROVIDENCE RI 02914
Eder 2022 Community Property Trust 10 percent owner 220 SUNRISE AVENUE, SUITE 205, PALM BEACH FL 33480
Robert H Eder director, 10 percent owner, officer: CEO & President 5 STEEPLE STREET, #303, PROVIDENCE RI 02903
Susan R. Johnson officer: Treasurer 5 STEEPLE STREET, UNIT 303, PROVIDENCE RI 02903
Steven G Triedman director 25 POWER STREET, PROVIDENCE RI 02903
P Scott Conti officer: President 75 HAMMOND STREET, WORCESTER MA 01610
Craig M Scott director 75 HAMMOND STREET, WORCESTER MA 01610
Matthew C Baum director 152 IRVING AVENUE, PROVIDENCE RI 02906
Todd D Turcotte officer: Vice President 100 DEXTER ROAD, EAST PROVIDENCE RI 02914
Roy J Nirschel director 45 FERRY ROAD, BRISTOL RI 02809
Alfred J Corso director 6 LEWIS STREET, BARRINGTON RI 02806
Stephen J Carlotti 10 percent owner 1500 FLEET CENTER, PROVIDENCE RI 02903
Barbara J Dreyer officer: Treasurer
Harris N Rosen director