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PTL (PTLE) Return-on-Tangible-Asset : 9.05% (As of Dec. 2023)


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What is PTL 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. PTL's annualized Net Income for the quarter that ended in Dec. 2023 was $0.9 Mil. PTL's average total tangible assets for the quarter that ended in Dec. 2023 was $10.3 Mil. Therefore, PTL's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 9.05%.

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

PTLE' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.06   Med: 6.56   Max: 9.05
Current: 9.05

During the past 2 years, PTL's highest Return-on-Tangible-Asset was 9.05%. The lowest was 4.06%. And the median was 6.56%.

PTLE's Return-on-Tangible-Asset is ranked better than
81.81% of 1116 companies
in the Retail - Cyclical industry
Industry Median: 2.56 vs PTLE: 9.05

PTL Return-on-Tangible-Asset Historical Data

The historical data trend for PTL'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.

PTL Return-on-Tangible-Asset Chart

PTL Annual Data
Trend Dec22 Dec23
Return-on-Tangible-Asset
4.06 9.05

PTL Semi-Annual Data
Dec22 Dec23
Return-on-Tangible-Asset 4.06 9.05

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

For the Specialty Retail subindustry, PTL'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.


PTL's Return-on-Tangible-Asset Distribution in the Retail - Cyclical Industry

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

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



PTL Return-on-Tangible-Asset Calculation

PTL's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=0.936/( (9.638+11.036)/ 2 )
=0.936/10.337
=9.05 %

PTL's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Dec. 2022 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Dec. 2022 )(Q: Dec. 2023 )
=0.936/( (9.638+11.036)/ 2 )
=0.936/10.337
=9.05 %

* 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 one times the annual (Dec. 2023) net income data.


PTL  (NAS:PTLE) 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.


PTL Return-on-Tangible-Asset Related Terms

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


PTL Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
111 North Bridge Road, No. 23-06A, Peninsula Plaza, Singapore, SGP, 179098
PTL Ltd is a holding company. Through its subsidiaries, it is an established bunkering facilitator providing marine fuel logistics services for vessel refuelling, primarily serving the Asia Pacific market. As a bunker facilitator, the Group's services mainly involve facilitating with its suppliers to supply fuel for the use by the customers' vessels at various ports along their voyages in the Asia Pacific region; arranging vessel refuelling activities at competitive pricing to the customers; offering trade credit to the customers for vessel refuelling; handling unforeseeable circumstances faced by the customers and providing contingency solutions to the customers in a timely manner; and handling disputes, mainly in relation to quality and quantity issues on marine fuel, if any.