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Proeduca Altus (XMAD:PRO) Return-on-Tangible-Asset : 24.34% (As of Feb. 2024)


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What is Proeduca Altus 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. Proeduca Altus's annualized Net Income for the quarter that ended in Feb. 2024 was €56.6 Mil. Proeduca Altus's average total tangible assets for the quarter that ended in Feb. 2024 was €232.4 Mil. Therefore, Proeduca Altus's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2024 was 24.34%.

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

XMAD:PRO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.12   Med: 16.79   Max: 17.96
Current: 15.13

During the past 7 years, Proeduca Altus's highest Return-on-Tangible-Asset was 17.96%. The lowest was 7.12%. And the median was 16.79%.

XMAD:PRO's Return-on-Tangible-Asset is ranked better than
88.1% of 269 companies
in the Education industry
Industry Median: 2.52 vs XMAD:PRO: 15.13

Proeduca Altus Return-on-Tangible-Asset Historical Data

The historical data trend for Proeduca Altus'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.

Proeduca Altus Return-on-Tangible-Asset Chart

Proeduca Altus Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Return-on-Tangible-Asset
Get a 7-Day Free Trial 15.38 16.79 17.96 17.86 16.86

Proeduca Altus Semi-Annual Data
Aug17 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 29.23 6.75 28.03 5.61 24.34

Competitive Comparison of Proeduca Altus's Return-on-Tangible-Asset

For the Education & Training Services subindustry, Proeduca Altus'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.


Proeduca Altus's Return-on-Tangible-Asset Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Proeduca Altus's Return-on-Tangible-Asset distribution charts can be found below:

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



Proeduca Altus Return-on-Tangible-Asset Calculation

Proeduca Altus's annualized Return-on-Tangible-Asset for the fiscal year that ended in Aug. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Aug. 2023 )  (A: Aug. 2022 )(A: Aug. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Aug. 2023 )  (A: Aug. 2022 )(A: Aug. 2023 )
=34.921/( (191.68+222.534)/ 2 )
=34.921/207.107
=16.86 %

Proeduca Altus's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Feb. 2024 )  (Q: Aug. 2023 )(Q: Feb. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Feb. 2024 )  (Q: Aug. 2023 )(Q: Feb. 2024 )
=56.554/( (222.534+242.223)/ 2 )
=56.554/232.3785
=24.34 %

* 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 (Feb. 2024) net income data.


Proeduca Altus  (XMAD:PRO) 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.


Proeduca Altus Return-on-Tangible-Asset Related Terms

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Proeduca Altus Business Description

Traded in Other Exchanges
N/A
Address
Avenue De La Paz 137, Logrono, ESP, 26006
Proeduca Altus SA is engaged in the business of providing online education. The business has its presence in Spain, Ecuador, Colombia, Mexico, Peru, Argentina, Bolivia and the USA.