The historical rank and industry rank for New England Realty Associates LP's Return-on-Tangible-Asset or its related term are showing as below:
NEN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.83 Med: 1.88 Max: 3.32
Current: 2.19
During the past 13 years, New England Realty Associates LP's highest Return-on-Tangible-Asset was 3.32%. The lowest was -0.83%. And the median was 1.88%.
NEN's Return-on-Tangible-Asset is ranked better than 60.07% of 1828
companies
in the Real Estate industry
Industry Median: 1.2
vs NEN: 2.19
New England Realty Associates LP Return-on-Tangible-Asset Historical Data
* 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.
New England Realty Associates LP Return-on-Tangible-Asset Chart
Competitive Comparison of New England Realty Associates LP's Return-on-Tangible-Asset
For the Real Estate Services subindustry, New England Realty Associates LP'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.
New England Realty Associates LP's Return-on-Tangible-Asset Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, New England Realty Associates LP's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where New England Realty Associates LP's Return-on-Tangible-Asset falls into.
New England Realty Associates LP Return-on-Tangible-Asset Calculation
New England Realty Associates LP's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* 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 (Dec. 2023) net income data.
New England Realty Associates LP (AMEX:NEN) 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.
New England Realty Associates LP Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of New England Realty Associates LP's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
New England Realty Associates LP (New England Realty Associates LP) Business Description
New England Realty Associates LP is engaged in the business of acquiring, developing, holding for investment, operating and selling real estate. The Partnership owns and operates various residential apartments, condominium units and commercial properties located in Massachusetts and New Hampshire. The company generates revenue from rental income from residential and commercial properties recognized over the term of the related lease. The long-term goals of the Partnership are to manage, rent and improve its properties and to acquire additional properties with income and capital appreciation potential as suitable opportunities arise.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NEN has been successfully added to your 