Return On Net Assets definition

Return On Net Assets for a period shall mean net income less preferred stock dividends divided by the difference of average total assets less average non-debt liabilities, with average defined as the sum of assets or liabilities at the beginning and ending of the period divided by two.

Return On Net Assets means, for any fiscal year, the quotient obtained by dividing (i) EBIT for such fiscal year, by (ii) the difference between (a) the sum of (w) Accounts Receivable plus (x) Inventory, plus (y) Prepaid Current Assets plus (z) Net Plant, Property and Equipment, and (b) the sum of (x) Accounts Payable, plus (y) Accrued Expenses. The terms “Accounts Receivable,” “Inventory,” “Prepaid Current Assets,” “Net Plant, Property and Equipment,” “Accounts Payable” and “Accrued Expenses” shall refer to the Company’s consolidated Accounts Receivable, Inventory, Prepaid Current Assets, Net Plant, Property and Equipment, Accounts Payable and Accrued Expenses as of the end of such fiscal year, as determined in accordance with GAAP from the Company’s audited consolidated financial statements for such fiscal year certified by the Company’s chief financial officer.

Return On Net Assets means as to any Performance Period, the percentage equal to the Company’s or a business unit’s EBIT before incentive compensation, divided by the Company’s or business unit’s average net assets, determined in accordance with generally accepted accounting principles.

Examples of Return On Net Assets in a sentence

• Average Annual Return On Net Assets Employed shall be equal to the sum of the Return On Net Assets Employed (“XXXXX”) for each fiscal year of the Company during the Measurement Period divided by three.

• Example: Year 1 EPS $[____] Year 2 EPS $[____] Year 3 EPS $[____] Cumulative EPS $[____] Cumulative EPS = $[_____] Exhibit B Average Annual Return On Net Assets Employed shall be equal to the sum of the Return On Net Assets Employed (“XXXXX”) for each fiscal year of the Company during the Measurement Period divided by three.

• The amount of funds available for awards through MVCP is based upon Company performance versus its Return On Net Assets (RONA) goal.

• These shares are awarded subject to the following three performance conditions:Headline Earnings Per Share (‘HEPS’) growth; Return On Net Assets (‘RONA’); andTotal Shareholder Return (‘TSR’).The fair value (excluding attrition) is calculated as the share price at grant date, multiplied by the number of shares granted.

• The number of Performance Shares that will vest at the end of the Performance Period shall be equal to (i) your Maximum Award multiplied by (ii) the corresponding percentage listed under each of the highest performance goals achieved for Revenue, New Business and Return On Net Assets (RONA), respectively, as set forth on Exhibit A attached hereto.

More Definitions of Return On Net Assets

Return On Net Assets means the Company’s Earnings Before Taxes (excluding minority interest) divided by Average Net Assets, as more particularly described on attached Exhibit D.

Return On Net Assets means (i) Operating Income, less income taxes at the applicable effective rate, divided by (ii) total assets less cash and cash equivalents, investments in securities and non-interest bearing liabilities as reported or included in the Company's year-end audited financial statements for the Plan year, including footnotes.

Return On Net Assets means Earnings for the Performance Period expressed as a percentage of the average balance of selected assets over the Performance Period.

Return On Net Assets for a period shall mean net income less preferred stock dividends divided by the difference of average total assets less

Return On Net Assets means the Company's Earnings Before Taxes (excluding minority interest) divided by Average Net Assets, as more particularly described on attached Exhibit D.

Return On Net Assets means the return on average assets employed, net of average liabilities outstanding, by and of the applicable business unit or units of the Corporation as determined by the internal accounting records of the Corporation prepared in the ordinary course of its business.

Return On Net Assets means the Company’s or a division’s Earnings for the Fiscal Period expressed as a percentage of the Company’s or a division’s average assets over the Fiscal Period.