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Minoan Group (LSE:MIN) Return-on-Tangible-Asset : -2.48% (As of Apr. 2024)


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What is Minoan Group 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. Minoan Group's annualized Net Income for the quarter that ended in Apr. 2024 was £-1.20 Mil. Minoan Group's average total tangible assets for the quarter that ended in Apr. 2024 was £48.41 Mil. Therefore, Minoan Group's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2024 was -2.48%.

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

LSE:MIN' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.21   Med: -3.12   Max: -1.1
Current: -1.75

During the past 13 years, Minoan Group's highest Return-on-Tangible-Asset was -1.10%. The lowest was -6.21%. And the median was -3.12%.

LSE:MIN's Return-on-Tangible-Asset is ranked worse than
74.05% of 840 companies
in the Travel & Leisure industry
Industry Median: 2.25 vs LSE:MIN: -1.75

Minoan Group Return-on-Tangible-Asset Historical Data

The historical data trend for Minoan Group'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.

Minoan Group Return-on-Tangible-Asset Chart

Minoan Group Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.51 -1.88 -1.60 -2.24 -1.10

Minoan Group Semi-Annual Data
Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
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 -2.30 -2.20 -1.19 -1.01 -2.48

Competitive Comparison of Minoan Group's Return-on-Tangible-Asset

For the Resorts & Casinos subindustry, Minoan Group'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.


Minoan Group's Return-on-Tangible-Asset Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Minoan Group's Return-on-Tangible-Asset distribution charts can be found below:

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


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Minoan Group Return-on-Tangible-Asset Calculation

Minoan Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Oct. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Oct. 2023 )  (A: Oct. 2022 )(A: Oct. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Oct. 2023 )  (A: Oct. 2022 )(A: Oct. 2023 )
=-0.529/( (47.842+48.286)/ 2 )
=-0.529/48.064
=-1.10 %

Minoan Group's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Apr. 2024 )  (Q: Oct. 2023 )(Q: Apr. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Apr. 2024 )  (Q: Oct. 2023 )(Q: Apr. 2024 )
=-1.202/( (48.286+48.526)/ 2 )
=-1.202/48.406
=-2.48 %

* 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 (Apr. 2024) net income data.


Minoan Group  (LSE:MIN) 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.


Minoan Group Return-on-Tangible-Asset Related Terms

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Minoan Group Business Description

Traded in Other Exchanges
N/A
Address
Dingwall Road, 3rd Floor, AMP House, Croydon, Surrey, GBR, CR0 2LX
Minoan Group PLC is a holding and management company. Through its subsidiaries, it engages in the design, creation, development, and management of hotels and resorts, and in the operation of independent travel businesses, through which the company acts as an agent in providing a range of services, including transportation, hotel, and other accommodation and leisure services.

Minoan Group Headlines

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