Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. KDM Shipping's annualizedNet Income for the quarter that ended in Jun. 2018 was zł22.0 Mil. KDM Shipping's average total tangible assets for the quarter that ended in Jun. 2018 was zł134.9 Mil. Therefore, KDM Shipping's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2018 was 16.33%.
The historical rank and industry rank for KDM Shipping's Return-on-Tangible-Asset or its related term are showing as below:
WAR:KDM's Return-on-Tangible-Asset is not ranked *
in the Transportation industry.
Industry Median: 3.78 * 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.
KDM Shipping Return-on-Tangible-Asset Related Terms
KDM Shipping Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for KDM Shipping'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.
WAR:KDM vs ESEA, GLBS, SHIP: Return-on-Tangible-Asset Comparison
For the Marine Shipping subindustry, KDM Shipping'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.
KDM Shipping Return-on-Tangible-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, KDM Shipping's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where KDM Shipping'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 (Jun. 2018) net income data.
What does a Return-on-Tangible-Asset of 16.33% mean?
KDM Shipping (WAR:KDM) has a Return-on-Tangible-Asset of 16.33% as of Jun. 2018. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on KDM Shipping and its competitors.
Is KDM Shipping's Return-on-Tangible-Asset too high?
KDM Shipping's current Return-on-Tangible-Asset is 16.33%. The Transportation industry median Return-on-Tangible-Asset is 3.78. KDM Shipping's value of 16.33% is 332% above this industry median.
How does KDM Shipping's Return-on-Tangible-Asset compare to ESEA and GLBS?
KDM Shipping's Return-on-Tangible-Asset of 16.33% can be compared against companies in the Transportation industry. The industry median Return-on-Tangible-Asset is 3.78. KDM Shipping's value of 16.33% is 332% above this benchmark. 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.78, based on 1,009 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. KDM Shipping's current Return-on-Tangible-Asset of 16.33% is 332% above the industry median. 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 KDM Shipping and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KDM Shipping's current Return-on-Tangible-Asset is 16.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KDM Shipping stock overvalued right now?
KDM Shipping (WAR:KDM) has a current Return-on-Tangible-Asset of 16.33%. The current Return-on-Tangible-Asset is 16.33% and 332% above the Transportation industry median of 3.78. 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 KDM Shipping (WAR:KDM), the current Return-on-Tangible-Asset is 16.33% as of Jun. 2018. 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.
KDM Shipping PLC is engaged in the shipping industry. It mainly focuses on the bulk river-sea freight in the Black, Azov and Mediterranean Sea regions. In addition, it is engaged in cargo freight, ship repair, and trading in grain, corn, oil and barley. The principal cargo of the company includes Grain, Metal Scrap, Sunflower seed meal, Bran, Fertilizers, and Cement.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WAR:KDM has been successfully added to your 
