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. HanseYachts AG's annualizedNet Income for the quarter that ended in Dec. 2023 was €598 Mil. HanseYachts AG's average total tangible assets for the quarter that ended in Dec. 2023 was €97 Mil. Therefore, HanseYachts AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 616.96%.
The historical rank and industry rank for HanseYachts AG's Return-on-Tangible-Asset or its related term are showing as below:
FRA:H9Y'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -21.76 Med: -8.56 Max: 1001.28
Current: 1001.28
During the past 13 years, HanseYachts AG's highest Return-on-Tangible-Asset was 1001.28%. The lowest was -21.76%. And the median was -8.56%.
FRA:H9Y's Return-on-Tangible-Asset is ranked better than 99.92% of 1299
companies
in the Vehicles & Parts industry
Industry Median: 3.54
vs FRA:H9Y: 1001.28
HanseYachts AG Return-on-Tangible-Asset Historical Data
The historical data trend for HanseYachts AG'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 HanseYachts AG's Return-on-Tangible-Asset
For the Recreational Vehicles subindustry, HanseYachts AG'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.
HanseYachts AG's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, HanseYachts AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where HanseYachts AG's Return-on-Tangible-Asset falls into.
HanseYachts AG Return-on-Tangible-Asset Calculation
HanseYachts AG's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2023 is calculated as:
* 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. 2023) net income data.
HanseYachts AG (FRA:H9Y) 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 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.
HanseYachts AG Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of HanseYachts AG's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
HanseYachts AG is the manufacturer of seagoing sailing and motor yachts. The company's business segments include Sailing Yachts; Motor Yachts; Catamarans and others. The Sailing Yachts segment engages in the production and selling of sailing yachts. It offers cruising yachts under the HANSE brand, elegant deck salons or classically designed cruisers under the Moody brand, sporty cruiser racers under the delher brand, and the VA brand. The Motor Yachts segment manufactures motor yachts under brands such as Fjord and Sealine. It generates maximum revenue from the Sailing Yachts segment. Geographically, it operates in Germany, the United States, France, Turkey, the Netherlands, the United Kingdom, Other Europe and others.
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