What is Premium Brands Holdings 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. Premium Brands Holdings's annualizedNet Income for the quarter that ended in Sep. 2024 was €68 Mil. Premium Brands Holdings's average total tangible assets for the quarter that ended in Sep. 2024 was €2,486 Mil. Therefore, Premium Brands Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 2.72%.
The historical rank and industry rank for Premium Brands Holdings's Return-on-Tangible-Asset or its related term are showing as below:
FRA:5P7'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.21 Med: 5.17 Max: 11.31
Current: 2.73
During the past 13 years, Premium Brands Holdings's highest Return-on-Tangible-Asset was 11.31%. The lowest was 2.21%. And the median was 5.17%.
FRA:5P7's Return-on-Tangible-Asset is ranked worse than 56.15% of 1920
companies
in the Consumer Packaged Goods industry
Industry Median: 3.595
vs FRA:5P7: 2.73
Premium Brands Holdings Return-on-Tangible-Asset Historical Data
The historical data trend for Premium Brands Holdings'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.
Competitive Comparison of Premium Brands Holdings's Return-on-Tangible-Asset
For the Packaged Foods subindustry, Premium Brands Holdings'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.
Premium Brands Holdings's Return-on-Tangible-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Premium Brands Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Premium Brands Holdings'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 (Sep. 2024) net income data.
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.
Premium Brands Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Premium Brands Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company's business segments include Specialty Foods, Premium Food Distribution, and Corporate. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company's distribution and wholesale businesses; the Corporate segment includes the company's head office activities along with its finance and information systems. Its geographical segments are the United States and Canada.
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