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. La SIA SpA's annualizedNet Income for the quarter that ended in Dec. 2024 was €1.80 Mil. La SIA SpA's average total tangible assets for the quarter that ended in Dec. 2024 was €16.44 Mil. Therefore, La SIA SpA's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 10.93%.
The historical rank and industry rank for La SIA SpA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:LASIA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6 Med: 16.21 Max: 20.91
Current: 6.11
During the past 4 years, La SIA SpA's highest Return-on-Tangible-Asset was 20.91%. The lowest was 6.00%. And the median was 16.21%.
MIL:LASIA's Return-on-Tangible-Asset is ranked better than 65.33% of 2838
companies
in the Software industry
Industry Median: 1.89
vs MIL:LASIA: 6.11
La SIA SpA Return-on-Tangible-Asset Historical Data
The historical data trend for La SIA SpA'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.
Competitive Comparison of La SIA SpA's Return-on-Tangible-Asset
For the Software - Infrastructure subindustry, La SIA SpA'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.
La SIA SpA's Return-on-Tangible-Asset Distribution in the Software Industry
For the Software industry and Technology sector, La SIA SpA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where La SIA SpA'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.
La SIA SpA (MIL:LASIA) 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.
La SIA SpA Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of La SIA SpA's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
La SIA SpA is an Italian payment institution part of the Nexi group. It is the Principal Member of the main national and international payment circuits which are Bancomat, VISA, Mastercard, Union Pay and JCB. The company offers the citizens the possibility of paying postal bills through distribution channels which are both physical and virtual which is managed by banks or by the large organised distribution network. It also offers the development, marketing (sale and/or rental) and management/maintenance of IT products and services relating to payment instruments and, more generally, to connection to electronic circuits.
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