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. De'Longhi SPA's annualizedNet Income for the quarter that ended in Mar. 2024 was €205 Mil. De'Longhi SPA's average total tangible assets for the quarter that ended in Mar. 2024 was €2,867 Mil. Therefore, De'Longhi SPA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 7.16%.
The historical rank and industry rank for De'Longhi SPA's Return-on-Tangible-Asset or its related term are showing as below:
MIL:DLG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.2 Med: 10.07 Max: 11.79
Current: 9.62
During the past 13 years, De'Longhi SPA's highest Return-on-Tangible-Asset was 11.79%. The lowest was 6.20%. And the median was 10.07%.
MIL:DLG's Return-on-Tangible-Asset is ranked better than 80.94% of 425
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 3.51
vs MIL:DLG: 9.62
De'Longhi SPA Return-on-Tangible-Asset Historical Data
The historical data trend for De'Longhi SPA'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 De'Longhi SPA's Return-on-Tangible-Asset
For the Furnishings, Fixtures & Appliances subindustry, De'Longhi SPA'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.
De'Longhi SPA's Return-on-Tangible-Asset Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, De'Longhi SPA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where De'Longhi SPA'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 (Mar. 2024) 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.
De'Longhi SPA Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of De'Longhi SPA's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
De'Longhi SPA is an Italy-based company that is principally engaged in designing, producing, and selling small domestic appliances. The company's products consist of coffeemakers, cooking and food products, ironing products, floor-care products, air conditioners and air treatment products, heating products, and others. The company generates the majority of its revenue from coffeemakers and cooking and food preparation products. It offers products under four brands: De'Longhi, Kenwood, Nutribullet, Magic Bullet,Braun, and Ariete. Products under the De'Longhi brand contribute over half of total revenue. The company has a business presence across the world, including Europe, America, Australia and New Zealand, Asia, and elsewhere, with Europe its largest market.
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