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Firma Oponiarska Debica (FRA:FD8) Return-on-Tangible-Asset : 1.40% (As of Sep. 2024)


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What is Firma Oponiarska Debica 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. Firma Oponiarska Debica's annualized Net Income for the quarter that ended in Sep. 2024 was €8.1 Mil. Firma Oponiarska Debica's average total tangible assets for the quarter that ended in Sep. 2024 was €579.3 Mil. Therefore, Firma Oponiarska Debica's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 1.40%.

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

FRA:FD8' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.25   Med: 5.48   Max: 12.28
Current: 6.27

During the past 13 years, Firma Oponiarska Debica's highest Return-on-Tangible-Asset was 12.28%. The lowest was 2.25%. And the median was 5.48%.

FRA:FD8's Return-on-Tangible-Asset is ranked better than
73.16% of 1315 companies
in the Vehicles & Parts industry
Industry Median: 3.21 vs FRA:FD8: 6.27

Firma Oponiarska Debica Return-on-Tangible-Asset Historical Data

The historical data trend for Firma Oponiarska Debica'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.

Firma Oponiarska Debica Return-on-Tangible-Asset Chart

Firma Oponiarska Debica Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.55 3.83 2.25 3.47 12.28

Firma Oponiarska Debica Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -2.99 14.10 -11.07 20.68 1.40

Competitive Comparison of Firma Oponiarska Debica's Return-on-Tangible-Asset

For the Auto Parts subindustry, Firma Oponiarska Debica'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.


Firma Oponiarska Debica's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Firma Oponiarska Debica's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Firma Oponiarska Debica's Return-on-Tangible-Asset falls into.



Firma Oponiarska Debica Return-on-Tangible-Asset Calculation

Firma Oponiarska Debica's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=65.96/( (512.111+561.855)/ 2 )
=65.96/536.983
=12.28 %

Firma Oponiarska Debica's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=8.096/( (579.328+579.23)/ 2 )
=8.096/579.279
=1.40 %

* 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.


Firma Oponiarska Debica  (FRA:FD8) 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.


Firma Oponiarska Debica Return-on-Tangible-Asset Related Terms

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


Firma Oponiarska Debica Business Description

Traded in Other Exchanges
Address
ulica 1 Maja, Debica, POL, 39-200
Firma Oponiarska Debica SA is a Poland-based company manufactures tires for cars, trucks, tractors, bicycles, and motorcycles. It offers a wide range of consumer and commercial tires under the brand names Debica, Goodyear, Dunlop, Fulda, and Sava, as well as under private labels. Group's products are exported to markets of Germany, Slovenia, France, Italy, Romania, Turkey, Spain and the United Kingdom (UK) and Russia.

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