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Izolacja-Jarocin (WAR:IZO) Return-on-Tangible-Asset : 5.74% (As of Jun. 2023)


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What is Izolacja-Jarocin 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. Izolacja-Jarocin's annualized Net Income for the quarter that ended in Jun. 2023 was zł1.32 Mil. Izolacja-Jarocin's average total tangible assets for the quarter that ended in Jun. 2023 was zł22.99 Mil. Therefore, Izolacja-Jarocin's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was 5.74%.

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

WAR:IZO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.66   Med: 5.57   Max: 9.49
Current: 5.89

During the past 13 years, Izolacja-Jarocin's highest Return-on-Tangible-Asset was 9.49%. The lowest was 0.66%. And the median was 5.57%.

WAR:IZO's Return-on-Tangible-Asset is ranked better than
67.6% of 392 companies
in the Building Materials industry
Industry Median: 3.365 vs WAR:IZO: 5.89

Izolacja-Jarocin Return-on-Tangible-Asset Historical Data

The historical data trend for Izolacja-Jarocin'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.

Izolacja-Jarocin Return-on-Tangible-Asset Chart

Izolacja-Jarocin Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec19 Dec20 Dec21 Dec22
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.41 4.05 9.49 6.46 9.02

Izolacja-Jarocin Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 12.31 0.33 10.59 6.25 5.74

Competitive Comparison of Izolacja-Jarocin's Return-on-Tangible-Asset

For the Building Materials subindustry, Izolacja-Jarocin'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.


Izolacja-Jarocin's Return-on-Tangible-Asset Distribution in the Building Materials Industry

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

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



Izolacja-Jarocin Return-on-Tangible-Asset Calculation

Izolacja-Jarocin's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=1.912/( (20.593+21.815)/ 2 )
=1.912/21.204
=9.02 %

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=1.32/( (21.815+24.157)/ 2 )
=1.32/22.986
=5.74 %

* 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 two times the semi-annual (Jun. 2023) net income data.


Izolacja-Jarocin  (WAR:IZO) 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.


Izolacja-Jarocin Return-on-Tangible-Asset Related Terms

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


Izolacja-Jarocin (WAR:IZO) Business Description

Traded in Other Exchanges
N/A
Address
ul. Poznanska 24-26, Jarocin, POL, 63-200
Izolacja-Jarocin SA produces and distributes building materials. It offers waterproofing and sealing products for the construction industry. The products include tarmac asphalt, bulks and bituminous binders, shingles, construction knives and putty, roofing membranes, styrofoam boards taped with tar paper, and products for road engineering.

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