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Close The Loop (FRA:GI5) Return-on-Tangible-Asset : -0.96% (As of Dec. 2024)


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What is Close The Loop 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. Close The Loop's annualized Net Income for the quarter that ended in Dec. 2024 was €-0.9 Mil. Close The Loop's average total tangible assets for the quarter that ended in Dec. 2024 was €96.1 Mil. Therefore, Close The Loop's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -0.96%.

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

FRA:GI5' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.35   Med: 7.44   Max: 11.96
Current: 3.35

During the past 3 years, Close The Loop's highest Return-on-Tangible-Asset was 11.96%. The lowest was 3.35%. And the median was 7.44%.

FRA:GI5's Return-on-Tangible-Asset is ranked better than
59.45% of 254 companies
in the Waste Management industry
Industry Median: 1.775 vs FRA:GI5: 3.35

Close The Loop Return-on-Tangible-Asset Historical Data

The historical data trend for Close The Loop'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.

Close The Loop Return-on-Tangible-Asset Chart

Close The Loop Annual Data
Trend Jun22 Jun23 Jun24
Return-on-Tangible-Asset
7.39 11.70 7.43

Close The Loop Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial 11.63 14.92 6.61 7.77 -0.96

Competitive Comparison of Close The Loop's Return-on-Tangible-Asset

For the Waste Management subindustry, Close The Loop'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.


Close The Loop's Return-on-Tangible-Asset Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Close The Loop's Return-on-Tangible-Asset distribution charts can be found below:

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


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Close The Loop Return-on-Tangible-Asset Calculation

Close The Loop's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=6.756/( (86.793+95.114)/ 2 )
=6.756/90.9535
=7.43 %

Close The Loop'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 )
=-0.926/( (95.114+97.159)/ 2 )
=-0.926/96.1365
=-0.96 %

* 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.


Close The Loop  (FRA:GI5) 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.


Close The Loop Return-on-Tangible-Asset Related Terms

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Close The Loop Business Description

Traded in Other Exchanges
Address
43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167
Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

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