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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. Scheid Vineyards's annualizedNet Income for the quarter that ended in Aug. 2023 was $-9.69 Mil. Scheid Vineyards's average total tangible assets for the quarter that ended in Aug. 2023 was $183.57 Mil. Therefore, Scheid Vineyards's annualized Return-on-Tangible-Asset for the quarter that ended in Aug. 2023 was -5.28%.
The historical rank and industry rank for Scheid Vineyards's Return-on-Tangible-Asset or its related term are showing as below:
SVIN's Return-on-Tangible-Asset is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 3.11 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
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.
Scheid Vineyards Return-on-Tangible-Asset Related Terms
Scheid Vineyards Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Scheid Vineyards'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.
SVIN vs LQR, EAST, SRSG: Return-on-Tangible-Asset Comparison
For the Beverages - Wineries & Distilleries subindustry, Scheid Vineyards'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.
Scheid Vineyards Return-on-Tangible-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Scheid Vineyards's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Scheid Vineyards'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 two times the semi-annual (Aug. 2023) net income data.
What does a Return-on-Tangible-Asset of -5.28% mean?
Scheid Vineyards (SVIN) has a Return-on-Tangible-Asset of -5.28% as of Aug. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Scheid Vineyards and its competitors.
Is Scheid Vineyards' Return-on-Tangible-Asset too high?
Scheid Vineyards' current Return-on-Tangible-Asset is -5.28%. Overall, Scheid Vineyards has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Scheid Vineyards' Return-on-Tangible-Asset compare to LQR and EAST?
Scheid Vineyards' Return-on-Tangible-Asset of -5.28% can be compared against companies in the Beverages - Alcoholic industry. The industry median Return-on-Tangible-Asset is 3.11. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Beverages - Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Alcoholic companies is 3.11, based on 211 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Scheid Vineyards and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Asset is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scheid Vineyards's current Return-on-Tangible-Asset is -5.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scheid Vineyards stock overvalued right now?
Scheid Vineyards (SVIN) has a current Return-on-Tangible-Asset of -5.28%. The current Return-on-Tangible-Asset is -5.28%. Scheid Vineyards' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Scheid Vineyards (SVIN), the current Return-on-Tangible-Asset is -5.28% as of Aug. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Scheid Vineyards Inc is engaged in the production of premium varietal wine grapes and wine, the operation of a custom crush winery facility, and the sale of bottled wine through wholesalers and directly to consumers. The Company operates premium wine grape vineyards in Monterey County, California. Its segments are Finished Goods Sales, which generate maximum revenue and consist of wholesale transactions of finished packaged wine products sold mainly through distributors; Production Sales, which consist of bulk wine and grape sales and winery custom crush and storage services; and Direct Sales, which represent transactions directly to consumers, including tasting room, wine club and online sales.
12GF Score
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