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thyssenkrupp AG (MIL:1TKA) Return-on-Tangible-Asset : -15.17% (As of Sep. 2024)


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What is thyssenkrupp AG 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. thyssenkrupp AG's annualized Net Income for the quarter that ended in Sep. 2024 was €-4,240 Mil. thyssenkrupp AG's average total tangible assets for the quarter that ended in Sep. 2024 was €27,955 Mil. Therefore, thyssenkrupp AG's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -15.17%.

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

MIL:1TKA' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.32   Med: -0.27   Max: 29.12
Current: -5.16

During the past 13 years, thyssenkrupp AG's highest Return-on-Tangible-Asset was 29.12%. The lowest was -6.32%. And the median was -0.27%.

MIL:1TKA's Return-on-Tangible-Asset is ranked worse than
85.1% of 3013 companies
in the Industrial Products industry
Industry Median: 3.52 vs MIL:1TKA: -5.16

thyssenkrupp AG Return-on-Tangible-Asset Historical Data

The historical data trend for thyssenkrupp AG'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.

thyssenkrupp AG Return-on-Tangible-Asset Chart

thyssenkrupp AG 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 29.12 -0.33 3.26 -6.32 -5.17

thyssenkrupp AG Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -25.15 -4.12 -1.05 -0.75 -15.17

Competitive Comparison of thyssenkrupp AG's Return-on-Tangible-Asset

For the Metal Fabrication subindustry, thyssenkrupp AG'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.


thyssenkrupp AG's Return-on-Tangible-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, thyssenkrupp AG's Return-on-Tangible-Asset distribution charts can be found below:

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



thyssenkrupp AG Return-on-Tangible-Asset Calculation

thyssenkrupp AG'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 )
=-1506/( (30752+27528)/ 2 )
=-1506/29140
=-5.17 %

thyssenkrupp AG's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=-4240/( (28382+27528)/ 2 )
=-4240/27955
=-15.17 %

* 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 four times the quarterly (Sep. 2024) net income data.


thyssenkrupp AG  (MIL:1TKA) 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.


thyssenkrupp AG Return-on-Tangible-Asset Related Terms

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thyssenkrupp AG Business Description

Address
ThyssenKrupp Allee 1, Essen, NW, DEU, 45143
thyssenkrupp AG is a diversified industrial group with steel operations and capital goods and services businesses. Its segment includes Materials Services, Decarbon Technologies, Automative Technology, Steel Europe, Marine System. Automotive Technology is one of the German supplier and engineering partners to the international automotive industry. Decarbon Technologies covers the businesses of Rothe Erde, Uhde, Polysius and the majority investment thyssenkrupp nucera. Material Services includes distribution of mill-independent materials distributors and service. Steel Europe concentrates on the market for high-quality flat carbon steel. Marine Systems is a supplier for submarine and surface vessel construction. Revenue from Materials Services.

thyssenkrupp AG Headlines

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