The historical rank and industry rank for Auckland International Airport's Return-on-Tangible-Asset or its related term are showing as below:
NZSE:AIA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.41 Med: 4.77 Max: 8.84
Current: 1.45
During the past 13 years, Auckland International Airport's highest Return-on-Tangible-Asset was 8.84%. The lowest was 0.41%. And the median was 4.77%.
NZSE:AIA's Return-on-Tangible-Asset is ranked worse than 72.32% of 979
companies
in the Transportation industry
Industry Median: 3.88
vs NZSE:AIA: 1.45
Auckland International Airport Return-on-Tangible-Asset Historical Data
* 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.
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Auckland International Airport Return-on-Tangible-Asset Chart
Competitive Comparison of Auckland International Airport's Return-on-Tangible-Asset
For the Airports & Air Services subindustry, Auckland International Airport'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.
Auckland International Airport's Return-on-Tangible-Asset Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Auckland International Airport's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Auckland International Airport's Return-on-Tangible-Asset falls into.
Auckland International Airport Return-on-Tangible-Asset Calculation
Auckland International Airport's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 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 two times the semi-annual (Dec. 2023) net income data.
Auckland International Airport (NZSE:AIA) 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.
Auckland International Airport Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Auckland International Airport's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Auckland International Airport (NZSE:AIA) Business Description
Auckland Airport is New Zealand's largest airport, handling 21 million passenger movements in fiscal 2019, approximately 70% of the country's international visitors. It owns 1,500 hectares of land, and hosts ancillary commercial services, including retail and duty-free, car parking, hotels, warehouses, and offices. Substantial development opportunities could bring its capacity up to near 28 million passenger movements per year by 2032, as well as adding capacity in the ancillary services offered. It also has a minority stake in the small but fast growing Queenstown airport on New Zealand's south island.
Auckland International Airport (NZSE:AIA) Headlines
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