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Tobin Properties AB (OSTO:TOBIN PREF.PFD) Return-on-Tangible-Asset : -9.85% (As of Mar. 2019)


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What is Tobin Properties AB 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. Tobin Properties AB's annualized Net Income for the quarter that ended in Mar. 2019 was kr-178.12 Mil. Tobin Properties AB's average total tangible assets for the quarter that ended in Mar. 2019 was kr1,808.03 Mil. Therefore, Tobin Properties AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2019 was -9.85%.

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

OSTO:TOBIN PREF.PFD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.53   Med: -0.64   Max: 33.75
Current: -4.78

During the past 8 years, Tobin Properties AB's highest Return-on-Tangible-Asset was 33.75%. The lowest was -15.53%. And the median was -0.64%.

OSTO:TOBIN PREF.PFD's Return-on-Tangible-Asset is not ranked
in the Real Estate industry.
Industry Median: 1.41 vs OSTO:TOBIN PREF.PFD: -4.78

Tobin Properties AB Return-on-Tangible-Asset Historical Data

The historical data trend for Tobin Properties AB'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.

Tobin Properties AB Return-on-Tangible-Asset Chart

Tobin Properties AB Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Return-on-Tangible-Asset
Get a 7-Day Free Trial 3.47 -3.84 6.37 1.80 -3.07

Tobin Properties AB Quarterly Data
Sep13 Dec13 Sep14 Dec14 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 -0.78 -0.63 -2.00 -7.35 -9.85

Competitive Comparison of Tobin Properties AB's Return-on-Tangible-Asset

For the Real Estate - Development subindustry, Tobin Properties AB'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.


Tobin Properties AB's Return-on-Tangible-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tobin Properties AB's Return-on-Tangible-Asset distribution charts can be found below:

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


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Tobin Properties AB Return-on-Tangible-Asset Calculation

Tobin Properties AB's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2018 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2018 )  (A: Dec. 2017 )(A: Dec. 2018 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2018 )  (A: Dec. 2017 )(A: Dec. 2018 )
=-55.397/( (1795.949+1807.614)/ 2 )
=-55.397/1801.7815
=-3.07 %

Tobin Properties AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2019 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2019 )  (Q: Dec. 2018 )(Q: Mar. 2019 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2019 )  (Q: Dec. 2018 )(Q: Mar. 2019 )
=-178.124/( (1807.614+1808.438)/ 2 )
=-178.124/1808.026
=-9.85 %

* 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. 2019) net income data.


Tobin Properties AB  (OSTO:TOBIN PREF.PFD) 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.


Tobin Properties AB Return-on-Tangible-Asset Related Terms

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Tobin Properties AB Business Description

Traded in Other Exchanges
N/A
Address
Humlegardsgatan 19A, Stockholm, SWE, 114 46
Tobin Properties AB is a real estate development company. Its project portfolio comprises a total of about 1664 apartments with 109,400 square meters of floor space.

Tobin Properties AB Headlines

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