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Delta (XZIM:DLTA.ZW) Return-on-Tangible-Asset : 36.42% (As of Mar. 2025)


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What is Delta 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. Delta's annualized Net Income for the quarter that ended in Mar. 2025 was ZWG3,985 Mil. Delta's average total tangible assets for the quarter that ended in Mar. 2025 was ZWG10,940 Mil. Therefore, Delta's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 36.42%.

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

XZIM:DLTA.ZW' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.87   Med: 13.87   Max: 29.8
Current: 29.8

During the past 13 years, Delta's highest Return-on-Tangible-Asset was 29.80%. The lowest was 7.87%. And the median was 13.87%.

XZIM:DLTA.ZW's Return-on-Tangible-Asset is ranked better than
96.7% of 212 companies
in the Beverages - Alcoholic industry
Industry Median: 4.59 vs XZIM:DLTA.ZW: 29.80

Delta Return-on-Tangible-Asset Historical Data

The historical data trend for Delta'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.

Delta Return-on-Tangible-Asset Chart

Delta Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar23 Mar24 Mar25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.68 13.35 7.87 26.80 29.49

Delta Semi-Annual Data
Mar11 Mar12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Mar23 Sep23 Mar24 Sep24 Mar25
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 - 11.60 41.83 23.13 36.42

Competitive Comparison of Delta's Return-on-Tangible-Asset

For the Beverages - Brewers subindustry, Delta'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.


Delta's Return-on-Tangible-Asset Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Delta's Return-on-Tangible-Asset distribution charts can be found below:

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


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Delta Return-on-Tangible-Asset Calculation

Delta's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=3189.609/( (10226.509+11403.279)/ 2 )
=3189.609/10814.894
=29.49 %

Delta's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Sep. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Sep. 2024 )(Q: Mar. 2025 )
=3984.726/( (10476.448+11403.279)/ 2 )
=3984.726/10939.8635
=36.42 %

* 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 (Mar. 2025) net income data.


Delta  (XZIM:DLTA.ZW) 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.


Delta Return-on-Tangible-Asset Related Terms

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Delta Business Description

Traded in Other Exchanges
N/A
Address
Sable House, Northridge Park, P.O. Box: BW 294, Northridge Close, Borrowdale, Harare, ZWE
Delta Corp Ltd is principally an integrated beverage company. The firm manufactures and distributes beverages in Zimbabwe. The company operates through Lager Beer, Sparkling Beverages, Wines and Spirits, and Sorghum Beer segments. The Lager Beer segment manufactures and distributes lager beer (malt and sorghum-based clear beers). Sparkling Beverages segment trades in carbonated soft drinks and alternative non-alcoholic beverages, Wines and Spirits manufactures and distributes wines and spirits and the Sorghum Beer segment manufactures and sells sorghum-based opaque beer. The company generates the majority of its revenue from the Lager Beer segment.

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