What is Auckland International Airport Return-on-Tangible-Equity?
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Auckland International Airport's annualized net income for the quarter that ended in Dec. 2023 was NZ$237.4 Mil. Auckland International Airport's average shareholder tangible equity for the quarter that ended in Dec. 2023 was NZ$8,410.2 Mil. Therefore, Auckland International Airport's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 2.82%.
The historical rank and industry rank for Auckland International Airport's Return-on-Tangible-Equity or its related term are showing as below:
NZSE:AIA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.52 Med: 7.54 Max: 13.39
Current: 1.89
During the past 13 years, Auckland International Airport's highest Return-on-Tangible-Equity was 13.39%. The lowest was 0.52%. And the median was 7.54%.
NZSE:AIA's Return-on-Tangible-Equity is ranked worse than 81.5% of 935
companies
in the Transportation industry
Industry Median: 9.66
vs NZSE:AIA: 1.89
Auckland International Airport Return-on-Tangible-Equity 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-Equity Chart
Competitive Comparison of Auckland International Airport's Return-on-Tangible-Equity
For the Airports & Air Services subindustry, Auckland International Airport's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Auckland International Airport's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Auckland International Airport's Return-on-Tangible-Equity falls into.
Auckland International Airport Return-on-Tangible-Equity Calculation
Auckland International Airport's annualized Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Auckland International Airport (NZSE:AIA) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Auckland International Airport Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Auckland International Airport's Return-on-Tangible-Equity 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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