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DTCK (Davis Commodities) Return-on-Tangible-Asset : -40.19% (As of Dec. 2024)


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What is Davis Commodities 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. Davis Commodities's annualized Net Income for the quarter that ended in Dec. 2024 was $-9.7 Mil. Davis Commodities's average total tangible assets for the quarter that ended in Dec. 2024 was $24.2 Mil. Therefore, Davis Commodities's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -40.19%.

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

DTCK' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.24   Med: 4.55   Max: 25.19
Current: -13.53

During the past 5 years, Davis Commodities's highest Return-on-Tangible-Asset was 25.19%. The lowest was -14.24%. And the median was 4.55%.

DTCK's Return-on-Tangible-Asset is ranked worse than
90.28% of 1934 companies
in the Consumer Packaged Goods industry
Industry Median: 3.625 vs DTCK: -13.53

Davis Commodities Return-on-Tangible-Asset Historical Data

The historical data trend for Davis Commodities'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.

Davis Commodities Return-on-Tangible-Asset Chart

Davis Commodities Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
3.61 25.19 21.69 4.55 -14.24

Davis Commodities Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only 36.24 15.41 -5.53 9.11 -40.19

Competitive Comparison of Davis Commodities's Return-on-Tangible-Asset

For the Farm Products subindustry, Davis Commodities'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.


Davis Commodities's Return-on-Tangible-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Davis Commodities's Return-on-Tangible-Asset distribution charts can be found below:

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


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Davis Commodities Return-on-Tangible-Asset Calculation

Davis Commodities'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 )
=-3.529/( (29.878+19.688)/ 2 )
=-3.529/24.783
=-14.24 %

Davis Commodities'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 )
=-9.726/( (28.708+19.688)/ 2 )
=-9.726/24.198
=-40.19 %

* 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.


Davis Commodities  (NAS:DTCK) 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.


Davis Commodities Return-on-Tangible-Asset Related Terms

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


Davis Commodities Business Description

Traded in Other Exchanges
N/A
Address
10 Bukit Batok Crescent, No. 10-01, The Spire, Singapore, SGP, 658079
Davis Commodities Ltd is an agricultural commodity trading company based in Singapore, which specializes in the trading of three main categories of agricultural commodities, namely sugar, rice, and oil and fat products. It distributes agricultural commodities to various markets, including Asia, Africa, and the Middle East. The company also provides customers of commodity offerings with complementary, ancillary services such as warehouse handling and storage, and logistics services. The Company operates across four main segments: the sale of sugar, rice, oil, and fat products, and others. Among these, the sale of sugar stands out as the primary revenue generator, contributing significantly to the company's overall income.