The historical rank and industry rank for Life Healthcare Group Holdings's Return-on-Tangible-Asset or its related term are showing as below:
JSE:LHC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.41 Med: 7.31 Max: 31.92
Current: 0.84
During the past 13 years, Life Healthcare Group Holdings's highest Return-on-Tangible-Asset was 31.92%. The lowest was -0.41%. And the median was 7.31%.
JSE:LHC's Return-on-Tangible-Asset is ranked worse than 53.19% of 673
companies
in the Healthcare Providers & Services industry
Industry Median: 1.53
vs JSE:LHC: 0.84
Life Healthcare Group Holdings Return-on-Tangible-Asset Historical Data
* 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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Life Healthcare Group Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of Life Healthcare Group Holdings's Return-on-Tangible-Asset
For the Medical Care Facilities subindustry, Life Healthcare Group Holdings'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.
Life Healthcare Group Holdings's Return-on-Tangible-Asset Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Life Healthcare Group Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Life Healthcare Group Holdings's Return-on-Tangible-Asset falls into.
Life Healthcare Group Holdings Return-on-Tangible-Asset Calculation
Life Healthcare Group Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 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 (Sep. 2023) net income data.
Life Healthcare Group Holdings (JSE:LHC) 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.
Life Healthcare Group Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Life Healthcare Group Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Life Healthcare Group Holdings (JSE:LHC) Business Description
Life Healthcare Group Holdings Ltd is an international and diversified healthcare organization based in South Africa. The firm's segments include hospitals and complementary services, healthcare services, and Radiopharmaceutical products. The hospitals and complementary services segment generates majority of the revenue. Its services include mental healthcare, acute rehabilitation, renal dialysis, and oncology. The smaller growth initiatives segment focuses on clinical quality products, and outpatient business in South Africa.
Life Healthcare Group Holdings (JSE:LHC) Headlines
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