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Choppies Enterprises (JSE:CHP) Return-on-Tangible-Asset : 5.99% (As of Dec. 2024)


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What is Choppies Enterprises 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. Choppies Enterprises's annualized Net Income for the quarter that ended in Dec. 2024 was R225 Mil. Choppies Enterprises's average total tangible assets for the quarter that ended in Dec. 2024 was R3,750 Mil. Therefore, Choppies Enterprises's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 5.99%.

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

JSE:CHP' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.05   Med: 4.59   Max: 12.52
Current: 4.79

During the past 13 years, Choppies Enterprises's highest Return-on-Tangible-Asset was 12.52%. The lowest was -17.05%. And the median was 4.59%.

JSE:CHP's Return-on-Tangible-Asset is ranked better than
55.27% of 313 companies
in the Retail - Defensive industry
Industry Median: 4.26 vs JSE:CHP: 4.79

Choppies Enterprises Return-on-Tangible-Asset Historical Data

The historical data trend for Choppies Enterprises'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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Choppies Enterprises Return-on-Tangible-Asset Chart

Choppies Enterprises Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.05 4.04 8.06 7.38 5.67

Choppies Enterprises Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 7.35 7.27 7.47 3.57 5.99

Competitive Comparison of Choppies Enterprises's Return-on-Tangible-Asset

For the Grocery Stores subindustry, Choppies Enterprises'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.


Choppies Enterprises's Return-on-Tangible-Asset Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Choppies Enterprises's Return-on-Tangible-Asset distribution charts can be found below:

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


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Choppies Enterprises Return-on-Tangible-Asset Calculation

Choppies Enterprises'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 )
=186.895/( (2914.473+3672.886)/ 2 )
=186.895/3293.6795
=5.67 %

Choppies Enterprises'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 )
=224.816/( (3672.886+3827.277)/ 2 )
=224.816/3750.0815
=5.99 %

* 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.


Choppies Enterprises  (JSE:CHP) 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.


Choppies Enterprises Return-on-Tangible-Asset Related Terms

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Choppies Enterprises Business Description

Traded in Other Exchanges
Address
Plot 169, Gaborone International Commerce Park, Gaborone, BWA, 00278
Choppies Enterprises Ltd operates a supermarket chain store in Botswana. The company's supermarket store offers international food brands, fast-moving consumer goods products, and Choppies' private brand products. Its product offerings include groceries, fresh fruit and vegetables, bakery, butchery, takeaways, and value added/ financial services. The company segments consist of Botswana, Zambia, Zimbabwe, Kamoso Liquor, Rest of Kamoso and Namibia. Majority of the revenue is derived from Botswana.

Choppies Enterprises Headlines

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