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. Remy Cointreau's annualizedNet Income for the quarter that ended in Sep. 2024 was €184 Mil. Remy Cointreau's average total tangible assets for the quarter that ended in Sep. 2024 was €2,868 Mil. Therefore, Remy Cointreau's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 6.42%.
The historical rank and industry rank for Remy Cointreau's Return-on-Tangible-Asset or its related term are showing as below:
XPAR:RCO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.08 Med: 7.09 Max: 11.42
Current: 5.6
During the past 13 years, Remy Cointreau's highest Return-on-Tangible-Asset was 11.42%. The lowest was 5.08%. And the median was 7.09%.
XPAR:RCO's Return-on-Tangible-Asset is ranked better than 59.35% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 3.965
vs XPAR:RCO: 5.60
Remy Cointreau Return-on-Tangible-Asset Historical Data
The historical data trend for Remy Cointreau'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.
Competitive Comparison of Remy Cointreau's Return-on-Tangible-Asset
For the Beverages - Wineries & Distilleries subindustry, Remy Cointreau'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.
Remy Cointreau's Return-on-Tangible-Asset Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Remy Cointreau's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Remy Cointreau'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 (Sep. 2024) net income data.
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.
Remy Cointreau Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Remy Cointreau's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Remy Cointreau is the world's second-largest distiller of cognac by volume, with a 15.8% global volume share in 2022, according to Euromonitor. Cognac represented 72% of Remy's sales and 90% of EBIT in the same year. The remainder of Remy's portfolio is made up of much smaller group-owned brands, including Cointreau orange liqueur, Metaxa Greek spirit, Mount Gay rum, Bruichladdich single malt scotch, The Botanist gin, Hautes Glaces French whiskey, and Westland American whiskey. The company also distributes third-party brands and, in 2023, entered the fragrance business. Remy is controlled by the Andromede family, which owns 41% equity interest and consolidates the business in the Andromede Group. The Cointreau family owns a further 27%, and 41% of the equity is free float.
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