GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Orora Ltd (OTCPK:ORRYY) » Definitions » Return-on-Tangible-Asset

Orora (ORRYY) Return-on-Tangible-Asset : 47.17% (As of Dec. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Orora 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. Orora's annualized Net Income for the quarter that ended in Dec. 2024 was $1,150 Mil. Orora's average total tangible assets for the quarter that ended in Dec. 2024 was $2,437 Mil. Therefore, Orora's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 47.17%.

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

ORRYY' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.02   Med: 6.54   Max: 26.6
Current: 26.6

During the past 11 years, Orora's highest Return-on-Tangible-Asset was 26.60%. The lowest was 5.02%. And the median was 6.54%.

ORRYY's Return-on-Tangible-Asset is ranked better than
97.77% of 404 companies
in the Packaging & Containers industry
Industry Median: 3.275 vs ORRYY: 26.60

Orora Return-on-Tangible-Asset Historical Data

The historical data trend for Orora'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.

* Premium members only.

Orora Return-on-Tangible-Asset Chart

Orora Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.90 7.19 8.39 7.71 5.57

Orora Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.09 6.51 4.24 5.60 47.17

Competitive Comparison of Orora's Return-on-Tangible-Asset

For the Packaging & Containers subindustry, Orora'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.


Orora's Return-on-Tangible-Asset Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Orora's Return-on-Tangible-Asset distribution charts can be found below:

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


;
;

Orora Return-on-Tangible-Asset Calculation

Orora's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=122.975/( (1585.034+2828.95)/ 2 )
=122.975/2206.992
=5.57 %

Orora's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=1149.588/( (2828.95+2045.282)/ 2 )
=1149.588/2437.116
=47.17 %

* 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.


Orora  (OTCPK:ORRYY) 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.


Orora Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Orora's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Orora Business Description

Traded in Other Exchanges
Address
109-133 Burwood Road, Hawthorn, Melbourne, VIC, AUS, 3122
Orora produces glass bottles and aluminum cans for the beverage industry. In Australia, it manufactures glass bottles for the wine industry, and aluminum cans for soft drink, alcohol, and specialty drink producers. It is the largest aluminum can manufacturer in Australia, producing about two-thirds of volumes. Orora's acquisition of Saverglass in fiscal 2024 has increased its global footprint. Here, it produces glass bottles, mainly for premium and ultrapremium spirit and wine brands in Europe, Mexico, and North America. It is one of four global players in this category. The company sold its more commoditized North American cardboard and plastic packaging segment for AUD 1.8 billion, with the sale of the business completing in late 2024.

Orora Headlines

From GuruFocus

Orora Ltd Annual Shareholders Meeting Transcript

By GuruFocus Research 03-06-2024

Half Year 2025 Orora Ltd Earnings Call Transcript

By GuruFocus News 02-13-2025

Half Year 2021 Orora Ltd Earnings Call Transcript

By GuruFocus Research 03-06-2024

Full Year 2020 Orora Ltd Earnings Call (Q&A) Transcript

By GuruFocus Research 03-06-2024

BGL Announces the Sale of Pollock to Orora Limited

By PRNewswire PRNewswire 01-08-2019

Full Year 2022 Orora Ltd Earnings Call Transcript

By GuruFocus Research 03-06-2024

Full Year 2019 Orora Ltd Earnings Call Transcript

By GuruFocus Research 03-06-2024

Half Year 2023 Orora Ltd Earnings Call Transcript

By GuruFocus Research 03-06-2024