GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Club de Polo y Equitacion SA POLO (XSGO:POLO) » Definitions » Return-on-Tangible-Asset

Club de Polo y Equitacion POLO (XSGO:POLO) Return-on-Tangible-Asset : -2.60% (As of Dec. 2023)


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What is Club de Polo y Equitacion POLO 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. Club de Polo y Equitacion POLO's annualized Net Income for the quarter that ended in Dec. 2023 was CLP-166.21 Mil. Club de Polo y Equitacion POLO's average total tangible assets for the quarter that ended in Dec. 2023 was CLP6,388.61 Mil. Therefore, Club de Polo y Equitacion POLO's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -2.60%.

The historical rank and industry rank for Club de Polo y Equitacion POLO's Return-on-Tangible-Asset or its related term are showing as below:

XSGO:POLO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.53   Med: -2.28   Max: 0.81
Current: -2.6

During the past 11 years, Club de Polo y Equitacion POLO's highest Return-on-Tangible-Asset was 0.81%. The lowest was -17.53%. And the median was -2.28%.

XSGO:POLO's Return-on-Tangible-Asset is ranked worse than
59.94% of 1056 companies
in the Media - Diversified industry
Industry Median: 0.395 vs XSGO:POLO: -2.60

Club de Polo y Equitacion POLO Return-on-Tangible-Asset Historical Data

The historical data trend for Club de Polo y Equitacion POLO'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.

Club de Polo y Equitacion POLO Return-on-Tangible-Asset Chart

Club de Polo y Equitacion POLO Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.31 -7.91 -8.54 -17.53 -2.60

Club de Polo y Equitacion POLO Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec22 Dec23
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -5.31 -7.91 -8.54 -17.53 -2.60

Competitive Comparison of Club de Polo y Equitacion POLO's Return-on-Tangible-Asset

For the Entertainment subindustry, Club de Polo y Equitacion POLO'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.


Club de Polo y Equitacion POLO's Return-on-Tangible-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Club de Polo y Equitacion POLO's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Club de Polo y Equitacion POLO's Return-on-Tangible-Asset falls into.


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Club de Polo y Equitacion POLO Return-on-Tangible-Asset Calculation

Club de Polo y Equitacion POLO'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 )
=-166.207/( (3604.642+9172.579)/ 2 )
=-166.207/6388.6105
=-2.60 %

Club de Polo y Equitacion POLO'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: Dec. 2022 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Dec. 2022 )(Q: Dec. 2023 )
=-166.207/( (3604.642+9172.579)/ 2 )
=-166.207/6388.6105
=-2.60 %

* 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 one times the annual (Dec. 2023) net income data.


Club de Polo y Equitacion POLO  (XSGO:POLO) 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.


Club de Polo y Equitacion POLO Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Club de Polo y Equitacion POLO's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Club de Polo y Equitacion POLO Business Description

Traded in Other Exchanges
N/A
Address
Monsenor Escriva de Balaguer 5501, Vitacura, Santiago, CHL
Club de Polo y Equitacion SA POLO is engaged in the operation and management of the sports club, focusing mainly on polo, golf, tennis, horseback riding and soccer. Its activities are restricted for their members and guests. Its objective is to acquire real estate for sports activities, to build and install in them especially polo fields, diving courts, riding schools, stables, courtsof golf, tennis courts.

Club de Polo y Equitacion POLO Headlines

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