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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Citizens Community Bancorp's annualized Net Income for the quarter that ended in Dec. 2023 was $14.77 Mil. Citizens Community Bancorp's average total tangible assets for the quarter that ended in Dec. 2023 was $1,804.05 Mil. Therefore, Citizens Community Bancorp's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 0.82%.
The historical rank and industry rank for Citizens Community Bancorp's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Citizens Community Bancorp's highest Return-on-Tangible-Asset was 1.29%. The lowest was 0.31%. And the median was 0.61%.
The historical data trend for Citizens Community Bancorp's Return-on-Tangible-Asset can be seen below:
* 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.
Citizens Community Bancorp Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 0.77 | 0.82 | 1.29 | 1.02 | 0.73 |
Citizens Community Bancorp Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 1.07 | 0.81 | 0.71 | 0.56 | 0.82 |
For the Banks - Regional subindustry, Citizens Community Bancorp's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
For the Banks industry and Financial Services sector, Citizens Community Bancorp's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Citizens Community Bancorp's Return-on-Tangible-Asset falls into.
Citizens Community Bancorp's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 13.059 | / | ( (1778.177 | + | 1814.334) | / 2 ) | |
= | 13.059 | / | 1796.2555 | ||||
= | 0.73 % |
Citizens Community Bancorp's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 14.772 | / | ( (1793.772 | + | 1814.334) | / 2 ) | |
= | 14.772 | / | 1804.053 | ||||
= | 0.82 % |
* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Dec. 2023) net income data.
Citizens Community Bancorp (NAS:CZWI) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Thank you for viewing the detailed overview of Citizens Community Bancorp's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen M Bianchi | officer: CEO and President | 225 S. MAIN AVENUE, SIOUX FALLS SD 57104 |
Kristina M Bourget | director | 1703 PINE PARK DRIVE, EAU CLAIRE WI 54701 |
Kathleen Skarvan | other: Director of Subsidiary | 40 WEST HIGHLAND PARK DR NE, HUTCHINSON MN 55350 |
James S Broucek | officer: Chief Financial Officer | |
Timothy L Olson | director | 2727 PINE VIEW ROAD, EAU CLAIRE WI 54703 |
James D Moll | director | 400 9TH AVE SW, WELLS MN 56097 |
Francis E Felber | director | 754 OAK ST, BARRON WI 54812 |
William Glen Bertrand | other: Director of Subsidiary | E3420 N PINECREEK ROAD, ELEVA WI 54738 |
Richard Mchugh | director, other: Chairman | C/O CITIZENS COMMUNITY BANCORP, 2174 EASTRIDGE CENTER, EAU CLAIRE WI 54701 |
Nicholas William Amundsen | other: Director of Subsidiary | S4443 RYGG ROAD, EAU CLAIRE WI 54701 |
Martin S. Friedman | 10 percent owner | 7901 JONES BRANCH DR. SUITE 210, MCLEAN VA 22102 |
James R Lang | director | 2194 EASTRIDGE CENTER, EAU CLAIRE WI 54701 |
Michael R Conner | other: Director of Subsidiary | 1124 CUMMINGS COURT, EAU CLAIRE WI 54701 |
Brian R Schilling | director | C/O CITIZENS COMMUNITY BANCORP, 2174 EASTRIDGE CENTER, EAU CLAIRE WI 54701 |
Michael L Swenson | director | 1414 WEST HAMILTON AVE., STE 3, EAU CLAIRE WI 54701 |
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