Sopaf (MIL:SPF) Return-on-Tangible-Asset: -10.44% (As of Mar. 2012)


What is Sopaf Return-on-Tangible-Asset?

Sopaf MIL:SPF Return-on-Tangible-Asset is -10.44% as of Mar. 2012.

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. Sopaf's annualized Net Income for the quarter that ended in Mar. 2012 was €-12.18 Mil. Sopaf's average total tangible assets for the quarter that ended in Mar. 2012 was €116.66 Mil. Therefore, Sopaf's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2012 was -10.44%.

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

MIL:SPF's Return-on-Tangible-Asset is not ranked *
in the industry.
Industry Median:
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Sopaf  (MIL:SPF) 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.

Sopaf Return-on-Tangible-Asset Related Terms

Sopaf Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Sopaf'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.

Sopaf Return-on-Tangible-Asset Chart

Sopaf Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Return-on-Tangible-Asset
Get a 7-Day Free Trial 9.54 0.88 -12.87 -4.37 -40.88

Sopaf Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only 2.72 -37.03 -6.92 -148.02 -10.44

Sopaf Return-on-Tangible-Asset Competitor Comparison

For the subindustry, Sopaf'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.

Sopaf Return-on-Tangible-Asset vs Industry

For the industry and sector, Sopaf's Return-on-Tangible-Asset distribution charts can be found below:

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


Sopaf Return-on-Tangible-Asset Calculation

Sopaf's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2011 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2011 )  (A: Dec. 2010 )(A: Dec. 2011 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2011 )  (A: Dec. 2010 )(A: Dec. 2011 )
=-76.923/( (255.865+120.485)/ 2 )
=-76.923/188.175
=-40.88 %

Sopaf's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2012 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2012 )  (Q: Dec. 2011 )(Q: Mar. 2012 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2012 )  (Q: Dec. 2011 )(Q: Mar. 2012 )
=-12.184/( (120.485+112.837)/ 2 )
=-12.184/116.661
=-10.44 %

* 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 (Mar. 2012) net income data.

What does a Return-on-Tangible-Asset of -10.44% mean?
Sopaf (MIL:SPF) has a Return-on-Tangible-Asset of -10.44% as of Mar. 2012. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Sopaf and its competitors.
Is Sopaf's Return-on-Tangible-Asset too high?
Sopaf's current Return-on-Tangible-Asset is -10.44%.
How does Sopaf's Return-on-Tangible-Asset compare to competitors?
Sopaf's Return-on-Tangible-Asset is -10.44%. 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 a company?
A good Return-on-Tangible-Asset depends on the industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Sopaf and its competitors. Sopaf's current Return-on-Tangible-Asset is -10.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sopaf stock overvalued right now?
Sopaf (MIL:SPF) has a current Return-on-Tangible-Asset of -10.44%. The current Return-on-Tangible-Asset is -10.44%. 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 Sopaf (MIL:SPF), the current Return-on-Tangible-Asset is -10.44% as of Mar. 2012. 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.

Sopaf Business Description

Industry
Comparable Companies MIL:DIGMIL:815134MIL:INDB