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Trinidad Cement (TRN:TCL) Return-on-Tangible-Asset : 9.18% (As of Mar. 2024)


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What is Trinidad Cement 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. Trinidad Cement's annualized Net Income for the quarter that ended in Mar. 2024 was TTD228 Mil. Trinidad Cement's average total tangible assets for the quarter that ended in Mar. 2024 was TTD2,486 Mil. Therefore, Trinidad Cement's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 9.18%.

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

TRN:TCL' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.55   Med: -0.5   Max: 13.41
Current: 6.93

During the past 13 years, Trinidad Cement's highest Return-on-Tangible-Asset was 13.41%. The lowest was -9.55%. And the median was -0.50%.

TRN:TCL's Return-on-Tangible-Asset is ranked better than
73.45% of 388 companies
in the Building Materials industry
Industry Median: 3.375 vs TRN:TCL: 6.93

Trinidad Cement Return-on-Tangible-Asset Historical Data

The historical data trend for Trinidad Cement'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.

Trinidad Cement Return-on-Tangible-Asset Chart

Trinidad Cement Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.40 -0.98 5.97 -0.60 4.48

Trinidad Cement Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.86 13.55 7.29 -2.07 9.18

Competitive Comparison of Trinidad Cement's Return-on-Tangible-Asset

For the Building Materials subindustry, Trinidad Cement'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.


Trinidad Cement's Return-on-Tangible-Asset Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Trinidad Cement's Return-on-Tangible-Asset distribution charts can be found below:

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



Trinidad Cement Return-on-Tangible-Asset Calculation

Trinidad Cement'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 )
=107.095/( (2357.299+2424.706)/ 2 )
=107.095/2391.0025
=4.48 %

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=228.184/( (2424.706+2547.641)/ 2 )
=228.184/2486.1735
=9.18 %

* 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. 2024) net income data.


Trinidad Cement  (TRN:TCL) 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.


Trinidad Cement Return-on-Tangible-Asset Related Terms

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Trinidad Cement (TRN:TCL) Business Description

Traded in Other Exchanges
N/A
Address
Southern Main Road, Claxton Bay, Trinidad, TTO
Trinidad Cement Ltd is engaged in the manufacture and sale of cement, concrete, and aggregates. The company's operations are organized into three operating segments, Cement, Concrete, and Packaging. The firm offers Portland-pozzolan cement, ordinary Portland cement, and Class G high sulfate-resistant oilwell cement. The company has operations in Trinidad and Tobago, Jamaica, Barbados, and other countries. Geographically the company receives maximum revenue from Jamaica.

Trinidad Cement (TRN:TCL) Headlines

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