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 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, 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.

Examples of Return On Net Assets in a sentence

• The Vesting Percentage is based upon the Company’s Return On Net Assets Employed (“Average Annual XXXXX”) during the Measurement Period, as determined in accordance with the following table: When the Average Annual XXXXX results during the Measurement Period fall between the table values, straight-line mathematical interpolation will be used to determine the Vesting Percentage calculated to the nearest hundredth of a percentage.

• 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.

• 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 Vesting Percentage is based upon the Company’s Return On Net Assets Employed (“Average Annual XXXXX”) during the Measurement Period, as determined in accordance with the following table: 2 When the Average Annual XXXXX results during the Measurement Period fall between the table values, straight-line mathematical interpolation will be used to determine the Vesting Percentage calculated to the nearest hundredth of a percentage.

• The Performance Criteria that will be used to establish such Performance Goal(s) shall be limited to the following: Return On Net Assets ("RONA"), return on shareholders' equity, return on assets, return on capital, shareholder returns, profit margin, earnings per share, net earnings, operating earnings, Common Stock price per share, and sales or market share.

More Definitions of Return On Net Assets

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.

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 for a fiscal year the consolidated EBIT (at the end of such fiscal year) divided by consolidated average total assets less consolidated non-interest bearing liabilities (the average calculated using the balances at the beginning and end of such fiscal year).

Return On Net Assets for a period shall mean net income less preferred

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.Any Performance Goal based on one or more of the foregoing Performance Criteria may, in the Committee’s discretion, be expressed in absolute amounts, relative to one or more other Performance Criteria, as a growth rate or change from preceding periods, or as a comparison to the performance of specified companies or a published or special index (including stock market indices) or other external measures.