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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. Atlas Air Worldwide Holdings's annualized Net Income for the quarter that ended in Dec. 2022 was $504 Mil. Atlas Air Worldwide Holdings's average total tangible assets for the quarter that ended in Dec. 2022 was $6,410 Mil. Therefore, Atlas Air Worldwide Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2022 was 7.86%.
The historical rank and industry rank for Atlas Air Worldwide Holdings's Return-on-Tangible-Asset or its related term are showing as below:
The historical data trend for Atlas Air Worldwide Holdings'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.
Atlas Air Worldwide Holdings Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 5.26 | -5.46 | 6.40 | 8.00 | 5.47 |
Atlas Air Worldwide Holdings Quarterly Data | ||||||||||||||||||||
Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 11.24 | 5.16 | 5.65 | 3.87 | 7.86 |
For the Airports & Air Services subindustry, Atlas Air Worldwide Holdings'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.
For the Transportation industry and Industrials sector, Atlas Air Worldwide Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Atlas Air Worldwide Holdings's Return-on-Tangible-Asset falls into.
Atlas Air Worldwide Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | 355.88 | / | ( (6378.447 | + | 6637.55) | / 2 ) | |
= | 355.88 | / | 6507.9985 | ||||
= | 5.47 % |
Atlas Air Worldwide Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2022 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2022 ) | (Q: Sep. 2022 ) | (Q: Dec. 2022 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2022 ) | (Q: Sep. 2022 ) | (Q: Dec. 2022 ) | |||||
= | 504.044 | / | ( (6182.457 | + | 6637.55) | / 2 ) | |
= | 504.044 | / | 6410.0035 | ||||
= | 7.86 % |
* 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 four times the quarterly (Dec. 2022) net income data.
Atlas Air Worldwide Holdings (NAS:AAWW) 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 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.
Thank you for viewing the detailed overview of Atlas Air Worldwide Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
John W Dietrich | officer: SVP/Gen Cnsl/Secretary, other: Chf. HR Off | |
Walter G Borst | director | 2701 NAVISTAR DRIVE, LISLE IL 60532 |
Raymond L. Conner | director | ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188 |
George Willis | director | 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328 |
Adam Richard Kokas | officer: Sr. V.P., Gen. Counsel & Secy. | C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
Michael Steen | officer: SVP & Chief Marketing Officer | 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
John K Wulff | director | C/O HERCULES INC, 1313 NORTH MARKET STREET, WILMINGTON DE 19894-0001 |
Keith H. Mayer | officer: Vice President & Controller | ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
Duncan J. Mcnabb | director | C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
Sheila A Stamps | director | C/O CIT GROUP, 1 CIT DRIVE, ATTN: GENERAL COUNSEL, LIVINGSTON NJ 07039 |
James Anthony Forbes | officer: EVP & COO | C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
Carol J Zierhoffer | director | 100 NORTH POINT CENTER EAST, SUITE 200, ALPHARETTA GA 30022 |
Beverly K. Goulet, | director | 10990 ROE AVENUE, OVERLAND PARK KS 66211 |
William J Flynn | director, officer: Pres. & CEO | C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
Spencer Schwartz | officer: Vice President & Controller | C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
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