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RFG Holdings (JSE:RFG) Return-on-Tangible-Asset : 8.23% (As of Mar. 2025)


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What is RFG Holdings 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. RFG Holdings's annualized Net Income for the quarter that ended in Mar. 2025 was R463 Mil. RFG Holdings's average total tangible assets for the quarter that ended in Mar. 2025 was R5,633 Mil. Therefore, RFG Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 8.23%.

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

JSE:RFG' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.18   Med: 7.69   Max: 11.95
Current: 9.49

During the past 11 years, RFG Holdings's highest Return-on-Tangible-Asset was 11.95%. The lowest was 4.18%. And the median was 7.69%.

JSE:RFG's Return-on-Tangible-Asset is ranked better than
80.35% of 1934 companies
in the Consumer Packaged Goods industry
Industry Median: 3.62 vs JSE:RFG: 9.49

RFG Holdings Return-on-Tangible-Asset Historical Data

The historical data trend for RFG Holdings'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.

* Premium members only.

RFG Holdings Return-on-Tangible-Asset Chart

RFG Holdings Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.21 4.96 7.79 9.79 10.90

RFG Holdings Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 8.50 9.98 9.83 10.96 8.23

Competitive Comparison of RFG Holdings's Return-on-Tangible-Asset

For the Packaged Foods subindustry, RFG 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.


RFG Holdings's Return-on-Tangible-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, RFG Holdings's Return-on-Tangible-Asset distribution charts can be found below:

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


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RFG Holdings Return-on-Tangible-Asset Calculation

RFG Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2024 )  (A: Sep. 2023 )(A: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2024 )  (A: Sep. 2023 )(A: Sep. 2024 )
=565.691/( (4948.112+5435.3)/ 2 )
=565.691/5191.706
=10.90 %

RFG Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Sep. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Sep. 2024 )(Q: Mar. 2025 )
=463.394/( (5435.3+5830.853)/ 2 )
=463.394/5633.0765
=8.23 %

* 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 (Mar. 2025) net income data.


RFG Holdings  (JSE:RFG) 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.


RFG Holdings Return-on-Tangible-Asset Related Terms

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RFG Holdings Business Description

Traded in Other Exchanges
N/A
Address
Pniel Road, Groot Drakenstein, Paarl, Cape Town, WC, ZAF, 7680
RFG Holdings Ltd is a South Africa-based company engaged in supplying fresh, frozen, and convenient meal solutions. The product range offered by the company includes canned fruit, jam, vegetable and meat products, bottled salads, fruit juices and purees, fresh ready meals, pies, pastries, bakery, and dairy products. The business operates under two divisions namely, Long life foods and Fresh products. Long life foods division, which includes canned fruits and vegetables, jams, bottled salads, fruit juice, fruit purees, baby food, and canned meat, contributes majorly to the group's revenue. The company's reportable segments include Regional which is the key revenue-generating segment, and International.

RFG Holdings Headlines