What is the Return on Assets (ROA) of Tennant this year?
The Return on Assets (ROA) of Tennant is 0.1 undefined this year.
Tennant ROA 2024
Tennant ROA
0.1
Ticker
TNC
ISIN
US8803451033
WKN
858055
In 2024, Tennant's return on assets (ROA) was 0.1, a 60.96% increase from the 0.06 ROA in the previous year.
Tennant Aktienanalyse
What does Tennant do?
Tennant Co. is a global leading manufacturer of cleaning equipment and technologies. The company was founded in 1870 by George H. Tennant and is headquartered in Minnesota, USA. History: Tennant Co. began as George H. Tennant purchased a mill in Minneapolis and later expanded it into a vacuum cleaner factory. In 1910, the company became known as Tennant Co. and started manufacturing floor cleaning equipment. Over the years, the company steadily expanded its product portfolio and developed innovative technologies such as the automatic scrubbing machine. Business Model: Tennant Co. is a globally operating company with a wide product portfolio and a focus on sustainability and environmental friendliness. The company offers solutions for cleaning various types of flooring and surfaces such as concrete, wood, tiles, textiles, and carpets. Tennant Co. provides products and services for both commercial and residential use. Divisions: The company has four main divisions: floor cleaning, surface cleaning, water treatment, and partnerships. The floor cleaning division offers a variety of equipment and technologies for floor cleaning, including sweepers, scrubbers, burnishers, and electric cleaning vehicles. In surface cleaning, Tennant Co. provides solutions for cleaning different surfaces such as airplanes, trains, ship decks, and roads. This includes high-pressure cleaners, sandblasting equipment, ultra-high-pressure cleaners, and sweepers. The water treatment division offers solutions for water treatment, such as removing dirt and chemical contaminants. This includes water filtration systems, adsorption systems, ozone filtration, and ultrafiltration systems. The partnership division aims to form partnerships with other companies to develop innovative solutions and explore new business opportunities. Products: Tennant Co. offers a wide range of products. In the floor cleaning segment, the company provides floor cleaning machines (sweepers, scrubbers, and burnishers), cleaning tools and accessories such as brushes and filters. In the surface cleaning segment, Tennant Co. offers high-pressure cleaners, sandblasting equipment, and sweepers. The company also offers more environmentally friendly solutions such as electric sweepers and battery-operated devices. In the water treatment segment, the company offers a wide range of systems for removing contaminants, such as adsorption and ultrafiltration systems. Conclusion: Tennant Co. is a company with a long history and a wide range of cleaning solutions and technologies. The company strives to offer environmentally friendly solutions and form partnerships with other companies to develop innovative solutions. Tennant's commitment to sustainability, innovation, and quality makes it one of the leading providers of cleaning equipment and technologies. Tennant ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROA Details
Understanding Tennant's Return on Assets (ROA)
Tennant's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.
Year-to-Year Comparison
Comparing Tennant's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.
Impact on Investments
Investors consider Tennant's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.
Interpreting ROA Fluctuations
Variations in Tennant’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.
Frequently Asked Questions about Tennant stock
What was the ROA of Tennant compared to the previous year?
The ROA of Tennant has increased by 60.96% compared to the previous year.
What consequences do high ROA have for investors of Tennant?
A high ROA is advantageous for investors of Tennant, as it indicates that the company efficiently utilizes its assets and generates good profits.
What are the consequences of low ROA for investors in Tennant?
A low ROA can be unfavorable for investors of Tennant as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.
How does an increase in the ROA of Tennant affect the company?
An increase in ROA of Tennant can be an indicator of improved efficiency in asset utilization and higher profitability.
How does a reduction in ROA of Tennant impact the company?
A reduction in the ROA of Tennant can be an indicator of lower asset efficiency and profitability.
What are some factors that can influence the ROA of Tennant?
Some factors that can influence the ROA of Tennant include revenue, operating costs, asset structure, and industry average.
Why is the ROA of Tennant important for investors?
The ROA of Tennant is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.
What strategic measures can Tennant take to improve ROA?
To improve ROA, Tennant can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.
How much dividend does Tennant pay?
Over the past 12 months, Tennant paid a dividend of 1.08 USD . This corresponds to a dividend yield of about 1.08 %. For the coming 12 months, Tennant is expected to pay a dividend of 1.18 USD.
What is the dividend yield of Tennant?
The current dividend yield of Tennant is 1.08 %.
When does Tennant pay dividends?
Tennant pays a quarterly dividend. This is distributed in the months of September, December, March, June.
How secure is the dividend of Tennant?
Tennant paid dividends every year for the past 79 years.
What is the dividend of Tennant?
For the upcoming 12 months, dividends amounting to 1.18 USD are expected. This corresponds to a dividend yield of 1.19 %.
In which sector is Tennant located?
Tennant is assigned to the 'Industry' sector.
Wann musste ich die Aktien von Tennant kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Tennant from 6/14/2024 amounting to 0.28 USD, you needed to have the stock in your portfolio before the ex-date on 5/31/2024.
When did Tennant pay the last dividend?
The last dividend was paid out on 6/14/2024.
What was the dividend of Tennant in the year 2023?
In the year 2023, Tennant distributed 1.015 USD as dividends.
In which currency does Tennant pay out the dividend?
The dividends of Tennant are distributed in USD.
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Our stock analysis for Tennant Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Tennant Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
