What is Chesapeake Lodging Trust 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. Chesapeake Lodging Trust's annualizedNet Income for the quarter that ended in Jun. 2019 was $72.96 Mil. Chesapeake Lodging Trust's average total tangible assets for the quarter that ended in Jun. 2019 was $1,920.08 Mil. Therefore, Chesapeake Lodging Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2019 was 3.80%.
The historical rank and industry rank for Chesapeake Lodging Trust's Return-on-Tangible-Asset or its related term are showing as below:
CHSPPRACL.PFD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.17 Med: 3.62 Max: 5.08
Current: 4.88
During the past 9 years, Chesapeake Lodging Trust's highest Return-on-Tangible-Asset was 5.08%. The lowest was -0.17%. And the median was 3.62%.
CHSPPRACL.PFD's Return-on-Tangible-Asset is not ranked
in the REITs industry.
Industry Median: 2.37
vs CHSPPRACL.PFD: 4.88
Chesapeake Lodging Trust Return-on-Tangible-Asset Historical Data
The historical data trend for Chesapeake Lodging Trust'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 Chesapeake Lodging Trust's Return-on-Tangible-Asset
For the REIT - Hotel & Motel subindustry, Chesapeake Lodging Trust'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.
Chesapeake Lodging Trust's Return-on-Tangible-Asset Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Chesapeake Lodging Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chesapeake Lodging Trust'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 four times the quarterly (Jun. 2019) 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.
Chesapeake Lodging Trust Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Chesapeake Lodging Trust's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Chesapeake Lodging Trust (Chesapeake Lodging Trust) Business Description
Chesapeake Lodging Trust is a real estate investment trust that invests in upper-upscale hotels in business and convention markets and, selectively, premium select-service hotels in urban settings and other locations in the United States. The company operates through its hotel ownership segment. The firm's operations include management agreements, which includes partnering with third parties to manage its hotels; franchise agreements; and TRS lease agreements, which are intercompany agreements between Chesapeake's property-owning subsidiaries and its TRS lessees. The company's revenue streams include room, food and beverage, and other, of which the room segment contributes the vast majority of total revenue.
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