What is The Kraft Heinz Co 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. The Kraft Heinz Co's annualizedNet Income for the quarter that ended in Mar. 2024 was $3,204 Mil. The Kraft Heinz Co's average total tangible assets for the quarter that ended in Mar. 2024 was $17,528 Mil. Therefore, The Kraft Heinz Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 18.28%.
The historical rank and industry rank for The Kraft Heinz Co's Return-on-Tangible-Asset or its related term are showing as below:
KHC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -61.17 Med: 11.14 Max: 66.52
Current: 16.25
During the past 13 years, The Kraft Heinz Co's highest Return-on-Tangible-Asset was 66.52%. The lowest was -61.17%. And the median was 11.14%.
KHC's Return-on-Tangible-Asset is ranked better than 92.43% of 1902
companies
in the Consumer Packaged Goods industry
Industry Median: 3.21
vs KHC: 16.25
The Kraft Heinz Co Return-on-Tangible-Asset Historical Data
The historical data trend for The Kraft Heinz Co'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 The Kraft Heinz Co's Return-on-Tangible-Asset
For the Packaged Foods subindustry, The Kraft Heinz Co'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.
The Kraft Heinz Co's Return-on-Tangible-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The Kraft Heinz Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where The Kraft Heinz Co's Return-on-Tangible-Asset falls into.
The Kraft Heinz Co Return-on-Tangible-Asset Calculation
The Kraft Heinz Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* 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 (Mar. 2024) net income data.
The Kraft Heinz Co (NAS:KHC) 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.
The Kraft Heinz Co Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of The Kraft Heinz Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
The Kraft Heinz Co (The Kraft Heinz Co) Business Description
In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm operates a growing presence in the foodservice arena. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives 20%-25% of its consolidated sales base, as its products are sold in more than 190 countries and territories.
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