The historical rank and industry rank for Online Vacation Center Holdings's Return-on-Tangible-Asset or its related term are showing as below:
ONVC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.88 Med: 7.18 Max: 21.76
Current: 4.04
During the past 13 years, Online Vacation Center Holdings's highest Return-on-Tangible-Asset was 21.76%. The lowest was -12.88%. And the median was 7.18%.
ONVC's Return-on-Tangible-Asset is ranked better than 59.21% of 836
companies
in the Travel & Leisure industry
Industry Median: 2.555
vs ONVC: 4.04
Online Vacation Center Holdings 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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Online Vacation Center Holdings Return-on-Tangible-Asset Chart
Competitive Comparison of Online Vacation Center Holdings's Return-on-Tangible-Asset
For the Travel Services subindustry, Online Vacation Center 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.
Online Vacation Center Holdings's Return-on-Tangible-Asset Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Online Vacation Center Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Online Vacation Center Holdings's Return-on-Tangible-Asset falls into.
Online Vacation Center Holdings Return-on-Tangible-Asset Calculation
Online Vacation Center Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 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 (Sep. 2023) net income data.
Online Vacation Center Holdings (OTCPK:ONVC) 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.
Online Vacation Center Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Online Vacation Center Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Online Vacation Center Holdings (Online Vacation Center Holdings) Business Description
Online Vacation Center Holdings Corp is a Florida holding company. It is engaged in the provision of vacation travel and marketing services through its wholly-owned subsidiaries. The company offers vacation services for affluent retiree markets; and river, ocean, and land vacation packages, as well as operates a franchise that focused on travel sales through mobile agents. The company also publishes three travel newsletters, such as Top Travel Deals, Spotlight, and TravelFlash; and operates a website that connects travellers with websites to purchase hotel, resort, and vacation packages.
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