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Slovnaft ASLTS:0MZI 8 Return-on-Tangible-Asset is 1.80% as of Dec. 2019, which is 8% below its 10-year median of 1.95. GuruFocus rates LTS:0MZI with a GF Score™ of 8/100. The stock has 5 warning signs investors should review.
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. Slovnaft AS's annualizedNet Income for the quarter that ended in Dec. 2019 was €44.20 Mil. Slovnaft AS's average total tangible assets for the quarter that ended in Dec. 2019 was €2,461.02 Mil. Therefore, Slovnaft AS's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2019 was 1.80%.
The historical rank and industry rank for Slovnaft AS's Return-on-Tangible-Asset or its related term are showing as below:
LTS:0MZI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.43 Med: 1.95 Max: 9.62
Current: 1.39
During the past 13 years, Slovnaft AS's highest Return-on-Tangible-Asset was 9.62%. The lowest was -3.43%. And the median was 1.95%.
LTS:0MZI's Return-on-Tangible-Asset is not ranked
in the Oil & Gas industry.
Industry Median: 2.055
vs LTS:0MZI: 1.39
Slovnaft AS (LTS:0MZI) 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.
Slovnaft AS Return-on-Tangible-Asset Related Terms
Slovnaft AS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Slovnaft AS'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.
LTS:0MZI vs NGL, INT, SUN: Return-on-Tangible-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, Slovnaft AS'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.
Slovnaft AS Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Slovnaft AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Slovnaft AS's Return-on-Tangible-Asset falls into.
* 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. 2019) net income data.
What does a Return-on-Tangible-Asset of 1.80% mean?
Slovnaft AS (LTS:0MZI) has a Return-on-Tangible-Asset of 1.80% as of Dec. 2019. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Slovnaft AS and its competitors. This is near median its historical median of 1.95.
Is Slovnaft AS's Return-on-Tangible-Asset too high?
Slovnaft AS's current Return-on-Tangible-Asset of 1.80% is near median its 10-year median of 1.95. The Oil & Gas industry median Return-on-Tangible-Asset is 2.06. Slovnaft AS's value of 1.80% is 12.4% below this industry median. Overall, Slovnaft AS has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Slovnaft AS's Return-on-Tangible-Asset compare to NGL and INT?
Slovnaft AS's Return-on-Tangible-Asset of 1.80% can be compared against companies in the Oil & Gas industry. The industry median Return-on-Tangible-Asset is 2.06. Slovnaft AS's value of 1.80% is 12.4% below this benchmark. While the company's 10-year median is 1.95 vs. the industry median of 2.06, Slovnaft AS has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.06, based on 1,028 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Slovnaft AS's current Return-on-Tangible-Asset of 1.80% is 12.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Slovnaft AS and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Slovnaft AS's current Return-on-Tangible-Asset is 1.80%, which is near median its own 10-year median of 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Slovnaft AS stock overvalued right now?
Slovnaft AS (LTS:0MZI) has a current Return-on-Tangible-Asset of 1.80%. The current Return-on-Tangible-Asset is 1.80%, which is near median its 10-year median of 1.95 and 12.4% below the Oil & Gas industry median of 2.06. Slovnaft AS's overall GF Score™ is 8/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Slovnaft AS (LTS:0MZI), the current Return-on-Tangible-Asset is 1.80% as of Dec. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Slovnaft AS is engaged in processing crude oil and motor fuels, heating oils and other products, their distribution and sale to wholesale customers as well as to end-customers through its own network of service stations. The group manages its operations in the following segments: Refining and Marketing, Retail, and Other segments. Refining and Marketing segment processes crude oil and markets refinery products and plastics. The retail segment operates a network of petrol stations. It generates maximum revenue from the Refining and Marketing segment. Geographically, it derives a majority of revenue from the Slovak Republic and also has a presence in Czech Republic, Austria, Hungary, Poland, Germany, Italy, Croatia, Romania, The Netherlands, Serbia, and Other Countries.
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