In times of increased volatility, investors may look for stocks exhibiting better fundamentals around return on equity, earnings variability or
cash return on assets.
They first have to get
some cash return on the assets.
Cash Return on Assets measures how efficiently the company's assets are being utilized to create cash returns.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses
on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect
on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions
on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact
on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact
on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16)
returns on pension plan
assets and the impact of future discount rate changes
on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco
on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted
on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence
on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments
on defense; 25) the possibility that our
cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest
on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Traditionally, most elect the target - date investment fund, which is a mutual fund that will
return your various
assets (stocks, bonds, and
cash) at a fixed retirement date — depending
on how well the market performs over time.
The performance goals upon which the payment or vesting of any Incentive Award (other than Options and stock appreciation rights) that is intended to qualify as Performance - Based Compensation depends shall relate to one or more of the following Performance Measures: market price of Capital Stock, earnings per share of Capital Stock, income, net income or profit (before or after taxes), economic profit, operating income, operating margin, profit margin, gross margins,
return on equity or stockholder equity, total shareholder
return, market capitalization, enterprise value,
cash flow (including but not limited to operating
cash flow and free
cash flow),
cash position,
return on assets or net
assets,
return on capital,
return on invested
Cash Flow Return on Invested Capital (CFROIC) is defined as consolidated cash flow from operating activities minus capital expenditures, the difference of which is divided by the difference between total assets and non-interest bearing current liabilit
Cash Flow
Return on Invested Capital (CFROIC) is defined as consolidated
cash flow from operating activities minus capital expenditures, the difference of which is divided by the difference between total assets and non-interest bearing current liabilit
cash flow from operating activities minus capital expenditures, the difference of which is divided by the difference between total
assets and non-interest bearing current liabilities.
Under the Bonus Plan, our compensation committee, in its sole discretion, determines the performance goals applicable to awards, which goals may include, without limitation: attainment of research and development milestones, sales bookings, business divestitures and acquisitions,
cash flow,
cash position, earnings (which may include any calculation of earnings, including but not limited to earnings before interest and taxes, earnings before taxes, earnings before interest, taxes, depreciation and amortization and net earnings), earnings per share, net income, net profit, net sales, operating
cash flow, operating expenses, operating income, operating margin, overhead or other expense reduction, product defect measures, product release timelines, productivity, profit,
return on assets,
return on capital,
return on equity,
return on investment,
return on sales, revenue, revenue growth, sales results, sales growth, stock price, time to market, total stockholder
return, working capital, and individual objectives such as MBOs, peer reviews, or other subjective or objective criteria.
Operating Earnings Yield (ttm): 7.2 (11/15 points) Net Income (ttm): $ 293 M Gross Profit (ttm): $ 868 M Total
Assets: $ 3518 M Gross Profitability Ratio = Gross Profit / Total
Assets: 25 % (8/18 points)
Cash Return On Invested Capital (CROIC)(ttm): 12 % Return on Invested Capital (ROIC): 13
On Invested Capital (CROIC)(ttm): 12 %
Return on Invested Capital (ROIC): 13
on Invested Capital (ROIC): 13 %
Every pension fund he studied is a monthly net seller of
assets in order to fund beneficiary payouts — i.e. the
cash contributions from current payees into the fund plus investment
returns on capital is not enough to fund current beneficiary payouts.
You are seeing your
return on investment
on the
cash flow and no matter what is happening in the economy you are not in danger of losing the
asset or your initial investment.
For calculations of
cash and other investable
assets, a hybrid
return based
on holdings in
cash, government bonds, equities and commodities is applied.
for sure its not ideal, and negative real
returns on fixed income
assets /
cash are not the norm so hopefully it will get better / revert to mean
A: Our model evaluates five indicators of shareholder wealth and business performance: total shareholder
return, earnings per share growth, change in operating
cash flow,
return on equity and
return on assets.
Their Colorado
assets are among the most productive in U.S. onshore drilling, showing some of the best full cycle
cash -
on -
cash returns in the E&P industry.
Among the variables he examined:
return on assets, current ratio,
cash flow from operations, change in gross margin, and change in
asset turnover.
Hedge fund activists tend to target companies that are typically «value» firms, with low market value relative to book value, although they are profitable with sound operating
cash flows and
return on assets.
This sort of loan is an excellent option if the financial
asset you are pledging has a higher expected rate of
return than the interest rate
on the mortgage, or when the
assets you are pledging could cause you capital gains income tax grief if you were to convert them to
cash.
Tobias found that gross profit to
asset ratio was superior to Joel Greenblatt's
return on invested capital since it avoided picking up small companies with large
cash holdings relative to their size.
You can likely maintain higher
asset turnover and higher
returns on capital by getting more
cash up front and moving that money more quickly into new inventory than waiting 3 - 4 years for modest upside from interest payments.
That imbalance of eagerness between buyers and sellers has clearly affected prices of risky
assets, but it does not generate new
cash flows - it simply raises the valuation that the market places
on existing streams of future
cash flows, and thereby lowers the subsequent rate of
return on holding those securities.
It is not as if they are to the point where they have no
assets in the plans and must make benefit payments out of
cash flow, but the plans are distinctly underfunded
on any basis that assumes fair investment
returns over the next 30 years, which would be 5 % per year, and not 7 - 9 % per year.
To be able to make good
on that practice, an index mutual fund must hold some of its
assets in
cash rather than investing them, which may reduce
return somewhat.
Implementation of alternative strategies in «40 Act» formats requires higher balances of
cash and liquid
assets — particularly for the pari passu offerings — which is a drag
on returns.
They lost their home to foreclosure but had gotten a
cash return on their income tax, which caused them to be an
asset case.
His variables capture profitability (positive earnings, positive
cash flows from operations, increasing
return on assets and negative accruals), operating efficiency (increasing gross margins and
asset turnover) and liquidity (decreasing debt, increasing current ratio, and no equity issuance).
Operating Earnings Yield (ttm): 5.2 % (5/15 points) Net Income (ttm): $ -4169 M Gross Profit (ttm): $ 12348 M Total
Assets: $ 64351 M Gross Profitability Ratio = GP / Total
Assets: 19 % (6/18 points)
Cash Return On Invested Capital (CROIC)(tttm): 9 % Return on Invested Capital (ROIC): -9
On Invested Capital (CROIC)(tttm): 9 %
Return on Invested Capital (ROIC): -9
on Invested Capital (ROIC): -9 %
Operating Earnings Yield (ttm): 5.0 % (5/15 points) Net Income (ttm): $ 5309 M Gross Profit (ttm): $ 21176 M Total
Assets: $ 70786 M Gross Profitability Ratio = Gross Profit / Total
Assets: 30 % (8/18 points)
Cash Return On Invested Capital (CROIC)(tttm): 22 % Return on Invested Capital (ROIC): 12
On Invested Capital (CROIC)(tttm): 22 %
Return on Invested Capital (ROIC): 12
on Invested Capital (ROIC): 12 %
It has a more stable outlook for future
cash flows than Cliffs and a deleveraged balance sheet following the sale of Eagle Ford
assets that allow it to focus
on investments with higher
returns.
On the other hand, corporate
asset values are valuable only insofar as they can be used in order to enhance future corporate
cash flows and economic earnings, both qualitatively and quantitatively, or to enhance
returns to corporate securities holders.
You can take rates negative... you can make the
return on cash negative... and you can eke out a bit more in the
return spread between risk - free and risky
assets... but eventually that spread gets bid tight and looks something like this:
Alternative
Asset Opportunities (TLI: LN)-- happy accidents deaths are now accelerating, it trades
on a nice NAV discount, net
cash is now over 10 % of its market cap, the directors have proposed a (first)
return of capital, and it's still a marvelous non-correlated investment.
However, considering current metrics, I consider the short term
return / attraction of a buyback is fairly even balanced against the potentially higher
returns on offer from a (gradual) investment of their
cash into distressed
assets.
Forward P / E > 0 Price /
Cash < 3 Price / Free
Cash Flow < 15 Debt / Equity <.4 Price / Book < 1 Current Ratio > 3
Return on Assets > 0 %
Return on Equity > 0 % Annual EPS Growth Next 5 Years > 0
It's the formula for your unleveraged
cash return on the value of your
asset.
Returning most of the monies back to shareholders further cements my favorable view of management and I think this is a much better use of the
cash than going out and spending
on overvalued
assets.
As a practical matter,
cash -
on - hand was
returned to shareholders and the remainder of the fund's
assets were placed in a trust.
Performance of the manager accounts associated with each portfolio has been calculated by IB
Asset Management
on a daily time - weighted basis, including
cash, reinvested dividends and earnings, and reflects the deduction of simulated IB
Asset Management advisory fees and broker commissions to present
returns net of fees.
Of course, the usual temptation here is to rely primarily
on quantitative analysis — let the numbers do the talking — focusing
on the consistency & sustainability of strong free
cash flow (as a % of net income), high net margins, high
return on equity (though not dependent
on excessive debt), and good
return on assets (in excess of WACC).
Presuming that, management should now place an increasing emphasis
on capital allocation: i) Surplus
cash continues to build (the company has minimal debt), and ii) unless we see a dramatic turn - around, the stagnant revenue & collapsing margins of the Electronic division (Grosvenor Technology) are worth more sold off, with the proceeds
returned to shareholders (or reinvested in
Asset Protection).
In the Total
Return Swap, in exchange for providing the total return of the Index, the counterparty receives any interest earned on the portfolio cash and, in some cases, an additional swap fee depending on the asset
Return Swap, in exchange for providing the total
return of the Index, the counterparty receives any interest earned on the portfolio cash and, in some cases, an additional swap fee depending on the asset
return of the Index, the counterparty receives any interest earned
on the portfolio
cash and, in some cases, an additional swap fee depending
on the
asset class.
Under the total
return swap, BetaPro will invest HXS
assets in
cash and swap the
returns on its
cash position for the total
returns of the S&P 500 (C$ hedged) index with a counterparty.
There are no capital
returns on cash, and the income is much less than the total
returns from other
asset classes
You are seeing your
return on investment
on the
cash flow and no matter what is happening in the economy you are not in danger of losing the
asset or your initial investment.
I agree
cash does affect
return on equity indirectly because that
cash could have been used to invest in additional
assets or RD to improve sales or net income.
Since the
return on short - term
cash investments is generally much less than that of riskier
asset classes like equities, holding these higher
cash levels can end up reducing an active manager's
returns.
Operating Earnings Yield (ttm): 5.9 % (7/15 points) Net Income (ttm): $ 1601 M Gross Profit (ttm): $ 6660 M Total
Assets: $ 19858 M Gross Profitability Ratio = GP / Total
Assets: 34 % (11/18 points)
Cash Return On Invested Capital (CROIC)(tttm): 13 % Return on Invested Capital (ROIC): 12
On Invested Capital (CROIC)(tttm): 13 %
Return on Invested Capital (ROIC): 12
on Invested Capital (ROIC): 12 %
The fund may loan portfolio securities to qualified broker - dealers or other institutional investors provided: (1) the loan is secured continuously by collateral consisting of U.S. government securities, letters of credit,
cash or
cash equivalents or other appropriate instruments maintained
on a daily marked - to - market basis in an amount at least equal to the current market value of the securities loaned; (2) the fund may at any time call the loan and obtain the
return of the securities loaned; (3) the fund will receive any interest or dividends paid
on the loaned securities; and (4) the aggregate market value of securities loaned will not at any time exceed one - third of the total
assets of the fund, including collateral received from the loan (at market value computed at the time of the loan).
Further, when using whole life for infinite banking the
returns on your money can be astronomical, as you use your policy's
cash value to purchase other income producing
assets or to recapture interest that would otherwise go to a financial institution.
The discount rate required by an investor is based
on the perceived risks and uncertainties associated with the policy
cash flows as well as
returns in the marketplace for investing in other
assets.