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. Galileo Japan Trust's annualizedNet Income for the quarter that ended in Jun. 2016 was $51.40 Mil. Galileo Japan Trust's average total tangible assets for the quarter that ended in Jun. 2016 was $211.78 Mil. Therefore, Galileo Japan Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2016 was 24.27%.
The historical rank and industry rank for Galileo Japan Trust's Return-on-Tangible-Asset or its related term are showing as below:
GLLOF's Return-on-Tangible-Asset is not ranked *
in the REITs industry.
Industry Median: 3.265 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Galileo Japan Trust (GREY:GLLOF) 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.
Galileo Japan Trust Return-on-Tangible-Asset Related Terms
Galileo Japan Trust Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Galileo Japan Trust'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.
Galileo Japan Trust Return-on-Tangible-Asset Chart
GLLOF vs CLPR: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Galileo Japan Trust'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.
Galileo Japan Trust Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Galileo Japan Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Galileo Japan Trust'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 two times the semi-annual (Jun. 2016) net income data.
What does a Return-on-Tangible-Asset of 24.27% mean?
Galileo Japan Trust (GLLOF) has a Return-on-Tangible-Asset of 24.27% as of Jun. 2016. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Galileo Japan Trust and its competitors.
Is Galileo Japan Trust's Return-on-Tangible-Asset too high?
Galileo Japan Trust's current Return-on-Tangible-Asset is 24.27%. The REITs industry median Return-on-Tangible-Asset is 3.27. Galileo Japan Trust's value of 24.27% is 643.3% above this industry median.
How does Galileo Japan Trust's Return-on-Tangible-Asset compare to CLPR?
Galileo Japan Trust's Return-on-Tangible-Asset of 24.27% can be compared against companies in the REITs industry. The industry median Return-on-Tangible-Asset is 3.27. Galileo Japan Trust's value of 24.27% is 643.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Galileo Japan Trust's current Return-on-Tangible-Asset of 24.27% is 643.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Galileo Japan Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Galileo Japan Trust's current Return-on-Tangible-Asset is 24.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galileo Japan Trust stock overvalued right now?
Galileo Japan Trust (GLLOF) has a current Return-on-Tangible-Asset of 24.27%. The current Return-on-Tangible-Asset is 24.27% and 643.3% above the REITs industry median of 3.27. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Galileo Japan Trust (GLLOF), the current Return-on-Tangible-Asset is 24.27% as of Jun. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Galileo Japan Trust is a property trust which indirectly invests in a diverse portfolio of real estate assets in Japan. Galileo Japan Funds Management Limited is the responsible entity of the Trust.
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