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Ringmetall SE (XTER:HP3A) Return-on-Tangible-Asset : 7.75% (As of Dec. 2024)


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What is Ringmetall SE 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. Ringmetall SE's annualized Net Income for the quarter that ended in Dec. 2024 was €8.7 Mil. Ringmetall SE's average total tangible assets for the quarter that ended in Dec. 2024 was €111.6 Mil. Therefore, Ringmetall SE's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 7.75%.

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

XTER:HP3A' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.7   Med: 9.41   Max: 18.56
Current: 10.16

During the past 13 years, Ringmetall SE's highest Return-on-Tangible-Asset was 18.56%. The lowest was -1.70%. And the median was 9.41%.

XTER:HP3A's Return-on-Tangible-Asset is ranked better than
85.42% of 3024 companies
in the Industrial Products industry
Industry Median: 3.29 vs XTER:HP3A: 10.16

Ringmetall SE Return-on-Tangible-Asset Historical Data

The historical data trend for Ringmetall SE'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.

Ringmetall SE Return-on-Tangible-Asset Chart

Ringmetall SE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.62 18.56 16.84 6.34 10.19

Ringmetall SE Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 10.30 2.54 9.82 12.87 7.75

Competitive Comparison of Ringmetall SE's Return-on-Tangible-Asset

For the Tools & Accessories subindustry, Ringmetall SE'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.


Ringmetall SE's Return-on-Tangible-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ringmetall SE's Return-on-Tangible-Asset distribution charts can be found below:

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


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Ringmetall SE Return-on-Tangible-Asset Calculation

Ringmetall SE's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=10.603/( (89.989+118.076)/ 2 )
=10.603/104.0325
=10.19 %

Ringmetall SE's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=8.652/( (105.167+118.076)/ 2 )
=8.652/111.6215
=7.75 %

* 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 (Dec. 2024) net income data.


Ringmetall SE  (XTER:HP3A) 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.


Ringmetall SE Return-on-Tangible-Asset Related Terms

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


Ringmetall SE Business Description

Traded in Other Exchanges
Address
Innere Wiener Street 9, Munich, BY, DEU, 81667
Ringmetall SE is a supplier in the packaging industry with a focus on packaging elements in the field of industrial drums. Its main activities are allocated to the Industrial Packaging and Industrial Handling business units. The majority of its revenue is generated from industrial packaging segment. The products offered by the group are Clamping rings and lids, Vehicle attachment parts, and other products, of which a majority of the revenue is generated from the sales of Clamping rings and lids. The Industrial packaging segment covers the production and sale of clamping rings and the associated closures, whereas the Industrial Handling segment includes the production and marketing of vehicle attachment parts for special vehicles in logistics and warehouse logistics as well as agriculture.
Executives
Christoph Petri Board of Directors

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