What is International Shipholding 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. International Shipholding's annualizedNet Income for the quarter that ended in Mar. 2016 was $-33.82 Mil. International Shipholding's average total tangible assets for the quarter that ended in Mar. 2016 was $325.69 Mil. Therefore, International Shipholding's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2016 was -10.38%.
The historical rank and industry rank for International Shipholding's Return-on-Tangible-Asset or its related term are showing as below:
ISHBQ.PFD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -40.1 Med: 3.7 Max: 9.08
Current: -40.1
During the past 13 years, International Shipholding's highest Return-on-Tangible-Asset was 9.08%. The lowest was -40.10%. And the median was 3.70%.
ISHBQ.PFD's Return-on-Tangible-Asset is not ranked
in the Transportation industry.
Industry Median: 4.115
vs ISHBQ.PFD: -40.10
International Shipholding Return-on-Tangible-Asset Historical Data
The historical data trend for International Shipholding'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.
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International Shipholding Return-on-Tangible-Asset Chart
Competitive Comparison of International Shipholding's Return-on-Tangible-Asset
For the Marine Shipping subindustry, International Shipholding'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.
International Shipholding's Return-on-Tangible-Asset Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, International Shipholding's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where International Shipholding'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 (Mar. 2016) net income data.
International Shipholding (OTCPK:ISHBQ.PFD) 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.
International Shipholding Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of International Shipholding's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
International Shipholding Corp was originally founded as Central Gulf Steamship Corporation in 1947. Central Gulf was privately held until 1971 when it merged with Trans Union Corporation ("Trans Union"). In 1978, International Shipholding Corporation was formed to act as a holding company for Central Gulf, LCI, and certain other affiliated companies in connection with the 1979 spin off by Trans Union of its common stock to Trans Union's stockholders. Through its subsidiaries, it operates a fleet of U.S. and International Flag vessels that provide international and domestic maritime transportation services to commercial and governmental customers under medium to long-term time charters or contracts of affreightment. As of December 31, 2014 it owned or operated 54 ocean-going vessels. Its segments include Jones Act, Pure Car Truck Carriers, Dry Bulk Carriers, Rail-Ferry, Specialty Contracts, and Other. Its Rail-Ferry segment faces competition from companies who transport cargo over land rather than water including railroads and trucking companies that cross land borders. The Company's operations between the United States and foreign countries are subject to the Shipping Act of 1984, which is administered by the Federal Maritime Commission, and certain provisions of the Federal Water Pollution Control Act, the Oil Pollution Act of 1990, the Act to Prevent Pollution from Ships, and the Comprehensive Environmental Response Compensation and Liability Act, all of which are administered by the U.S. Coast Guard and other federal agencies, and certain other international, federal, state, and local laws and regulations, including international conventions and laws and regulations of the flag nations of its vessels.
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