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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. NB Aurora Sicaf-Raif's annualizedNet Income for the quarter that ended in Dec. 2024 was €18.03 Mil. NB Aurora Sicaf-Raif's average total tangible assets for the quarter that ended in Dec. 2024 was €335.87 Mil. Therefore, NB Aurora Sicaf-Raif's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 5.37%.
The historical rank and industry rank for NB Aurora Sicaf-Raif's Return-on-Tangible-Asset or its related term are showing as below:
MIL:AUR's Return-on-Tangible-Asset is not ranked *
in the Asset Management industry.
Industry Median: 4.3 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
NB Aurora Sicaf-Raif (MIL:AUR) 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.
NB Aurora Sicaf-Raif Return-on-Tangible-Asset Related Terms
NB Aurora Sicaf-Raif Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NB Aurora Sicaf-Raif'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.
NB Aurora Sicaf-Raif Return-on-Tangible-Asset Chart
MIL:AUR vs BLK, KKR, BX: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, NB Aurora Sicaf-Raif'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.
NB Aurora Sicaf-Raif Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, NB Aurora Sicaf-Raif's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NB Aurora Sicaf-Raif'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. 2024) net income data.
What does a Return-on-Tangible-Asset of 5.37% mean?
NB Aurora Sicaf-Raif (MIL:AUR) has a Return-on-Tangible-Asset of 5.37% as of Dec. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NB Aurora Sicaf-Raif and its competitors.
Is NB Aurora Sicaf-Raif's Return-on-Tangible-Asset too high?
NB Aurora Sicaf-Raif's current Return-on-Tangible-Asset is 5.37%. The Asset Management industry median Return-on-Tangible-Asset is 4.30. NB Aurora Sicaf-Raif's value of 5.37% is 24.9% above this industry median. Overall, NB Aurora Sicaf-Raif has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does NB Aurora Sicaf-Raif's Return-on-Tangible-Asset compare to BLK and KKR?
NB Aurora Sicaf-Raif's Return-on-Tangible-Asset of 5.37% can be compared against companies in the Asset Management industry. The industry median Return-on-Tangible-Asset is 4.30. NB Aurora Sicaf-Raif's value of 5.37% is 24.9% above this benchmark. 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 Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.30, based on 1,638 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. NB Aurora Sicaf-Raif's current Return-on-Tangible-Asset of 5.37% is 24.9% above 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 NB Aurora Sicaf-Raif and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NB Aurora Sicaf-Raif's current Return-on-Tangible-Asset is 5.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NB Aurora Sicaf-Raif stock overvalued right now?
NB Aurora Sicaf-Raif (MIL:AUR) has a current Return-on-Tangible-Asset of 5.37%. The current Return-on-Tangible-Asset is 5.37% and 24.9% above the Asset Management industry median of 4.30. NB Aurora Sicaf-Raif's overall GF Score™ is 43/100. 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 NB Aurora Sicaf-Raif (MIL:AUR), the current Return-on-Tangible-Asset is 5.37% as of Dec. 2024. 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.
NB Aurora SA Sicaf-Raif is a long-term Luxembourg investment company. Its investment objective is to achieve long-term capital appreciation through minority equity investments in a portfolio of small and medium-sized and unlisted Italian companies. The company conducts its operations under a single business segment.
43GF Score
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