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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. Education Management's annualized Net Income for the quarter that ended in Jun. 2014 was $-751 Mil. Education Management's average total tangible assets for the quarter that ended in Jun. 2014 was $1,337 Mil. Therefore, Education Management's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2014 was -56.19%.
The historical rank and industry rank for Education Management's Return-on-Tangible-Asset or its related term are showing as below:
The historical data trend for Education Management'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.
Education Management Annual Data | |||||||||||||||||||||
Trend | Jun05 | Jun06 | Jun07 | Jun08 | Jun09 | Jun10 | Jun11 | Jun12 | Jun13 | Jun14 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 12.48 | 15.41 | -93.73 | -16.91 | -49.01 |
Education Management Quarterly Data | ||||||||||||||||||||
Sep09 | Dec09 | Mar10 | Jun10 | Sep10 | Dec10 | Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -0.60 | -2.63 | 0.32 | -148.36 | -56.19 |
For the Education & Training Services subindustry, Education Management'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 Education industry and Consumer Defensive sector, Education Management's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Education Management's Return-on-Tangible-Asset falls into.
Education Management's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2014 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Jun. 2014 ) | (A: Jun. 2013 ) | (A: Jun. 2014 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Jun. 2014 ) | (A: Jun. 2013 ) | (A: Jun. 2014 ) | |||||
= | -663.917 | / | ( (1345.768 | + | 1363.807) | / 2 ) | |
= | -663.917 | / | 1354.7875 | ||||
= | -49.01 % |
Education Management's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2014 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jun. 2014 ) | (Q: Mar. 2014 ) | (Q: Jun. 2014 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jun. 2014 ) | (Q: Mar. 2014 ) | (Q: Jun. 2014 ) | |||||
= | -751.38 | / | ( (1310.662 | + | 1363.807) | / 2 ) | |
= | -751.38 | / | 1337.2345 | ||||
= | -56.19 % |
* 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 (Jun. 2014) net income data.
Education Management (OTCPK:EDMCQ) 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 Education Management's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Carol Dibattiste | officer: See Remarks | 1155 W FREDERICK SMALL RD, JUPITER FL 33458 |
Mick J Beekhuizen | officer: See Remarks | C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004 |
Edward H West | director, officer: See Remarks | 3250 BRIARPARK DR, SUITE 400, HOUSTON TX 77042 |
Citigroup Inc | 10 percent owner | 388 GREENWICH STREET, NEW YORK NY 10013 |
James Hobby | officer: See Remarks | 400 N ASHLEY DRIVE SUITE 2800 TAMPA FL 33602 |
John Robert Kline | officer: See Remarks | PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173 |
Jonathan M Nelson | 10 percent owner | C/O PROVIDENCE EQUITY PARTNERS, L.L.C., 50 KENNEDY PLAZA, 18TH FL, PROVIDENCE RI 02903 |
Robert G. Hrivnak | officer: See Remarks | C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE, SUITE 106, HOUSTON TX 77345 |
Jeffrey T Leeds | director | 660 MADISON AVE 15TH FL, NEW YORK NY 10021 |
Samuel C Cowley | director | 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043 |
Brian A. Napack | director | C/O JOHN WILEY & SONS, INC., 111 RIVER STREET, HOBOKEN NJ 07030 |
Providence Equity Gp Iv L.p. | 10 percent owner | 50 KENNEDY PLAZA, PROVIDENCE RI 02903 |
Providence Equity Partners Iv, L.l.c. | 10 percent owner | 50 KENNEDY PLAZA, PROVIDENCE RI 02903 |
Providence Equity Partners Iv Lp | 10 percent owner | |
William R Johnson | director | UNITED PARCEL SERVICE, INC., 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328 |
From GuruFocus
By gurufocus 10qk • 05-12-2010
By gurufocus 10qk • 02-11-2011
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