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Aena SME (XMAD:AENA) Return-on-Tangible-Asset : 12.57% (As of Dec. 2023)


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What is Aena SME 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. Aena SME's annualized Net Income for the quarter that ended in Dec. 2023 was €1,967 Mil. Aena SME's average total tangible assets for the quarter that ended in Dec. 2023 was €15,652 Mil. Therefore, Aena SME's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 12.57%.

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

XMAD:AENA' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.15   Med: 6.69   Max: 10.64
Current: 10.64

During the past 13 years, Aena SME's highest Return-on-Tangible-Asset was 10.64%. The lowest was -3.15%. And the median was 6.69%.

XMAD:AENA's Return-on-Tangible-Asset is ranked better than
84.66% of 978 companies
in the Transportation industry
Industry Median: 3.895 vs XMAD:AENA: 10.64

Aena SME Return-on-Tangible-Asset Historical Data

The historical data trend for Aena SME'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.

Aena SME Return-on-Tangible-Asset Chart

Aena SME 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 10.20 -0.88 -3.15 5.95 10.56

Aena SME Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 6.24 3.50 12.51 14.04 12.57

Competitive Comparison of Aena SME's Return-on-Tangible-Asset

For the Airports & Air Services subindustry, Aena SME'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.


Aena SME's Return-on-Tangible-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aena SME's Return-on-Tangible-Asset distribution charts can be found below:

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



Aena SME Return-on-Tangible-Asset Calculation

Aena SME'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 )
=1630.814/( (15042.511+15833.1)/ 2 )
=1630.814/15437.8055
=10.56 %

Aena SME's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=1966.836/( (15471.06+15833.1)/ 2 )
=1966.836/15652.08
=12.57 %

* 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. 2023) net income data.


Aena SME  (XMAD:AENA) 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.


Aena SME Return-on-Tangible-Asset Related Terms

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


Aena SME (XMAD:AENA) Business Description

Address
Calle Peonias, 12, Madrid, ESP, 28042
Aena is a Spanish airport operator with 46 airports in Spain, including Madrid and Barcelona, and has stakes in 23 international airports. The group generates regulated and nonregulated revenue. Regulated revenue includes fees collected from takeoff and landing, passenger fees and security, whereas nonregulated revenue stems from commercial activities such as retail, food and beverage and advertising sales. In 2019, before the onset of the pandemic, the group catered to 275 million passengers through its Spanish airport network. The group was semiprivatized in 2015, with a listing on the Madrid exchange.

Aena SME (XMAD:AENA) Headlines

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