GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Low & Bonar PLC (LSE:BD90.PFD) » Definitions » Return-on-Tangible-Asset

Low & Bonar (LSE:BD90.PFD) Return-on-Tangible-Asset : -10.39% (As of Nov. 2019)


View and export this data going back to 1947. Start your Free Trial

What is Low & Bonar 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. Low & Bonar's annualized Net Income for the quarter that ended in Nov. 2019 was £-30.20 Mil. Low & Bonar's average total tangible assets for the quarter that ended in Nov. 2019 was £290.65 Mil. Therefore, Low & Bonar's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2019 was -10.39%.

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

LSE:BD90.PFD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -19.14   Med: 2.07   Max: 7.69
Current: -18.8

During the past 13 years, Low & Bonar's highest Return-on-Tangible-Asset was 7.69%. The lowest was -19.14%. And the median was 2.07%.

LSE:BD90.PFD's Return-on-Tangible-Asset is not ranked
in the Building Materials industry.
Industry Median: 2.87 vs LSE:BD90.PFD: -18.80

Low & Bonar Return-on-Tangible-Asset Historical Data

The historical data trend for Low & Bonar'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.

Low & Bonar Return-on-Tangible-Asset Chart

Low & Bonar Annual Data
Trend Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.75 4.03 -5.14 -12.99 -19.14

Low & Bonar Semi-Annual Data
May10 Nov10 May11 Nov11 May12 Nov12 May13 Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19
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 -13.00 -7.15 -18.23 -25.48 -10.39

Competitive Comparison of Low & Bonar's Return-on-Tangible-Asset

For the Building Materials subindustry, Low & Bonar'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.


Low & Bonar's Return-on-Tangible-Asset Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Low & Bonar's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Low & Bonar's Return-on-Tangible-Asset falls into.


;
;

Low & Bonar Return-on-Tangible-Asset Calculation

Low & Bonar's annualized Return-on-Tangible-Asset for the fiscal year that ended in Nov. 2019 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Nov. 2019 )  (A: Nov. 2018 )(A: Nov. 2019 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Nov. 2019 )  (A: Nov. 2018 )(A: Nov. 2019 )
=-59.7/( (371.4+252.5)/ 2 )
=-59.7/311.95
=-19.14 %

Low & Bonar's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2019 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Nov. 2019 )  (Q: May. 2019 )(Q: Nov. 2019 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Nov. 2019 )  (Q: May. 2019 )(Q: Nov. 2019 )
=-30.2/( (328.8+252.5)/ 2 )
=-30.2/290.65
=-10.39 %

* 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 (Nov. 2019) net income data.


Low & Bonar  (LSE:BD90.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 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.


Low & Bonar Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Low & Bonar's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Low & Bonar Business Description

Traded in Other Exchanges
N/A
Address
One Connaught Place, London, GBR, W2 2ET
Low & Bonar PLC manufactures and supplies performance materials to create yarns, fibers, industrial and coated fabrics, and composite materials. Its reportable segments include the Colbond segment, selling products to the building, flooring, industrial and automotive industries, and comprising the Group's Colback and Enka technologies, along with the woven product produced in China. This segment comprises three business segments, organized regionally, being EMEA, APAC and the Americas. The Coated Technical Textiles segment producing coated fabrics. The majority of the revenue is derived from Colbond segment.

Low & Bonar Headlines

No Headlines