What is Oil-Dri of America 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. Oil-Dri of America's annualizedNet Income for the quarter that ended in Apr. 2025 was $46.6 Mil. Oil-Dri of America's average total tangible assets for the quarter that ended in Apr. 2025 was $320.0 Mil. Therefore, Oil-Dri of America's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2025 was 14.56%.
The historical rank and industry rank for Oil-Dri of America's Return-on-Tangible-Asset or its related term are showing as below:
ODC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.46 Med: 6.68 Max: 15.71
Current: 15.71
During the past 13 years, Oil-Dri of America's highest Return-on-Tangible-Asset was 15.71%. The lowest was 2.46%. And the median was 6.68%.
ODC's Return-on-Tangible-Asset is ranked better than 96.13% of 1577
companies
in the Chemicals industry
Industry Median: 2.85
vs ODC: 15.71
Oil-Dri of America Return-on-Tangible-Asset Historical Data
The historical data trend for Oil-Dri of America'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 Oil-Dri of America's Return-on-Tangible-Asset
For the Specialty Chemicals subindustry, Oil-Dri of America'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.
Oil-Dri of America's Return-on-Tangible-Asset Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Oil-Dri of America's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Oil-Dri of America'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 four times the quarterly (Apr. 2025) net income data.
Oil-Dri of America (NYSE:ODC) 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.
Oil-Dri of America Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Oil-Dri of America's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Oil-Dri Corp of America develops, manufactures, and markets sorbent products made predominantly from clay. Its absorbent offerings, which draw liquid up, include cat litter, floor products, toxin control substances for livestock, and agricultural chemical carriers. The company has two segments based on the different characteristics of two primary customer groups namely Retail and Wholesale Products Group and Business to Business Products Group. The company's products are sold under various brands such as Cat's Pride, Jonny Cat, Amlan, Agsorb, Verge, Pure-Flo, and Ultra-Clear.
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