GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Controladora Vuela Compania de Aviacion SAB de CV (NYSE:VLRS) » Definitions » Return-on-Tangible-Asset

Controladora Vuela Compania de AviacionB de CV (Controladora Vuela Compania de AviacionB de CV) Return-on-Tangible-Asset : 0.74% (As of Jun. 2024)


View and export this data going back to 2013. Start your Free Trial

What is Controladora Vuela Compania de AviacionB de CV 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. Controladora Vuela Compania de AviacionB de CV's annualized Net Income for the quarter that ended in Jun. 2024 was $40 Mil. Controladora Vuela Compania de AviacionB de CV's average total tangible assets for the quarter that ended in Jun. 2024 was $5,380 Mil. Therefore, Controladora Vuela Compania de AviacionB de CV's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 0.74%.

The historical rank and industry rank for Controladora Vuela Compania de AviacionB de CV's Return-on-Tangible-Asset or its related term are showing as below:

VLRS' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.81   Med: 1.87   Max: 19.76
Current: 2.23

During the past 13 years, Controladora Vuela Compania de AviacionB de CV's highest Return-on-Tangible-Asset was 19.76%. The lowest was -5.81%. And the median was 1.87%.

VLRS's Return-on-Tangible-Asset is ranked worse than
65.6% of 971 companies
in the Transportation industry
Industry Median: 4.09 vs VLRS: 2.23

Controladora Vuela Compania de AviacionB de CV Return-on-Tangible-Asset Historical Data

The historical data trend for Controladora Vuela Compania de AviacionB de CV'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.

Controladora Vuela Compania de AviacionB de CV Return-on-Tangible-Asset Chart

Controladora Vuela Compania de AviacionB de CV 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 4.49 -5.69 2.88 -1.90 0.16

Controladora Vuela Compania de AviacionB de CV Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.51 -3.19 8.84 2.52 0.74

Competitive Comparison of Controladora Vuela Compania de AviacionB de CV's Return-on-Tangible-Asset

For the Airlines subindustry, Controladora Vuela Compania de AviacionB de CV'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.


Controladora Vuela Compania de AviacionB de CV's Return-on-Tangible-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Controladora Vuela Compania de AviacionB de CV's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Controladora Vuela Compania de AviacionB de CV's Return-on-Tangible-Asset falls into.



Controladora Vuela Compania de AviacionB de CV Return-on-Tangible-Asset Calculation

Controladora Vuela Compania de AviacionB de CV'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 )
=7.819/( (4454.928+5129.753)/ 2 )
=7.819/4792.3405
=0.16 %

Controladora Vuela Compania de AviacionB de CV's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=40/( (5363+5397)/ 2 )
=40/5380
=0.74 %

* 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 (Jun. 2024) net income data.


Controladora Vuela Compania de AviacionB de CV  (NYSE:VLRS) 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.


Controladora Vuela Compania de AviacionB de CV Return-on-Tangible-Asset Related Terms

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


Controladora Vuela Compania de AviacionB de CV (Controladora Vuela Compania de AviacionB de CV) Business Description

Traded in Other Exchanges
Address
Av. Antonio Dovali Jaime Number 70, 13th Floor, Tower B, Colonia Zedec Santa Fe, Mexico, DF, MEX, 01210
Controladora Vuela Compania de Aviacion SAB de CV is a low-cost airline flying to Mexico, the United States, Central and South America. It currently operates up to 500 average daily flight segments on routes that connect 44 cities in Mexico as well as 22 cities in the United States, four in Central America and two in South America. It uses promotional fares to stimulate demand and the base fares are priced to compete with long-distance bus fares in Mexico. Revenues from the air transportation of passengers are recognized earlier when the service is provided or when the non-refundable ticket expires at the date of the scheduled travel. Non-passenger revenues include revenues generated from other non-passenger revenues and cargo services.