The historical rank and industry rank for Diamond Estates Wines & Spirits's Return-on-Tangible-Asset or its related term are showing as below:
TSXV:DWS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.06 Med: -5.16 Max: 1.98
Current: -4.22
During the past 13 years, Diamond Estates Wines & Spirits's highest Return-on-Tangible-Asset was 1.98%. The lowest was -20.06%. And the median was -5.16%.
TSXV:DWS's Return-on-Tangible-Asset is ranked worse than 80.95% of 210
companies
in the Beverages - Alcoholic industry
Industry Median: 4.765
vs TSXV:DWS: -4.22
Diamond Estates Wines & Spirits Return-on-Tangible-Asset Historical Data
* 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.
Competitive Comparison of Diamond Estates Wines & Spirits's Return-on-Tangible-Asset
For the Beverages - Wineries & Distilleries subindustry, Diamond Estates Wines & Spirits'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.
Diamond Estates Wines & Spirits's Return-on-Tangible-Asset Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Diamond Estates Wines & Spirits's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Diamond Estates Wines & Spirits'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 four times the quarterly (Dec. 2024) net income data.
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.
Diamond Estates Wines & Spirits Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Diamond Estates Wines & Spirits's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Diamond Estates Wines & Spirits Business Description
Diamond Estates Wines & Spirits Inc is a Canada-based firm engaged in the production, marketing, and sale of wine and through its agency division, operating as Trajectory Beverage Partners, distribution and marketing activities for various beverage alcohol brands that it represents in Canada. Its operating segments are Distribution and sales of products represented in Canada under agency agreements with third parties, and sales of manufactured wines. It generates a majority of its revenue from the sale of wines. Some of the firm's products include rose wine, white wine, red wine and others.
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