What is United Plantation Berhad 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. United Plantation Berhad's annualizedNet Income for the quarter that ended in Mar. 2024 was RM531 Mil. United Plantation Berhad's average total tangible assets for the quarter that ended in Mar. 2024 was RM2,939 Mil. Therefore, United Plantation Berhad's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 18.08%.
The historical rank and industry rank for United Plantation Berhad's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:2089'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.6 Med: 13.75 Max: 24.48
Current: 24.48
During the past 13 years, United Plantation Berhad's highest Return-on-Tangible-Asset was 24.48%. The lowest was 10.60%. And the median was 13.75%.
XKLS:2089's Return-on-Tangible-Asset is ranked better than 96.59% of 1905
companies
in the Consumer Packaged Goods industry
Industry Median: 3.22
vs XKLS:2089: 24.48
United Plantation Berhad Return-on-Tangible-Asset Historical Data
The historical data trend for United Plantation Berhad'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.
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United Plantation Berhad Return-on-Tangible-Asset Chart
Competitive Comparison of United Plantation Berhad's Return-on-Tangible-Asset
For the Farm Products subindustry, United Plantation Berhad'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.
United Plantation Berhad's Return-on-Tangible-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, United Plantation Berhad's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where United Plantation Berhad's Return-on-Tangible-Asset falls into.
United Plantation Berhad Return-on-Tangible-Asset Calculation
United Plantation Berhad'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.
United Plantation Berhad (XKLS:2089) 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.
United Plantation Berhad Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of United Plantation Berhad's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
United Plantation Berhad (XKLS:2089) Business Description
United Plantation Berhad cultivates and processes palm oil, coconuts, and other plantation crops. Its subsidiaries process and manufacture palm oil until it is ready to be packaged and distributed to customers worldwide. It owns light railway to transport products from palm trees to a handful of mills located on its property. Coconuts can be sold at a young age for drinking purposes, or as mature nuts to help produce milk, powders, and other products. End products produced by the company include cooking oils, ready-to-eat oils, soaps, and specialty fats. The remaining waste water and discharge from mill operations are used to produce fertilizers or shipped to ponds where it can be purified and released to rivers and waterways.
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