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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. Electro Rent's annualized Net Income for the quarter that ended in Feb. 2016 was $4.0 Mil. Electro Rent's average total tangible assets for the quarter that ended in Feb. 2016 was $282.4 Mil. Therefore, Electro Rent's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2016 was 1.43%.
The historical rank and industry rank for Electro Rent's Return-on-Tangible-Asset or its related term are showing as below:
The historical data trend for Electro Rent'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.
Electro Rent Annual Data | |||||||||||||||||||||
Trend | May06 | May07 | May08 | May09 | May10 | May11 | May12 | May13 | May14 | May15 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 8.29 | 8.22 | 7.11 | 6.66 | 5.19 |
Electro Rent Quarterly Data | ||||||||||||||||||||
May11 | Aug11 | Nov11 | Feb12 | May12 | Aug12 | Nov12 | Feb13 | May13 | Aug13 | Nov13 | Feb14 | May14 | Aug14 | Nov14 | Feb15 | May15 | Aug15 | Nov15 | Feb16 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 3.26 | 4.63 | 3.38 | 3.07 | 1.43 |
For the Rental & Leasing Services subindustry, Electro Rent'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 Business Services industry and Industrials sector, Electro Rent's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Electro Rent's Return-on-Tangible-Asset falls into.
Electro Rent's annualized Return-on-Tangible-Asset for the fiscal year that ended in May. 2015 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: May. 2015 ) | (A: May. 2014 ) | (A: May. 2015 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: May. 2015 ) | (A: May. 2014 ) | (A: May. 2015 ) | |||||
= | 15.432 | / | ( (298.076 | + | 296.461) | / 2 ) | |
= | 15.432 | / | 297.2685 | ||||
= | 5.19 % |
Electro Rent's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2016 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Feb. 2016 ) | (Q: Nov. 2015 ) | (Q: Feb. 2016 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Feb. 2016 ) | (Q: Nov. 2015 ) | (Q: Feb. 2016 ) | |||||
= | 4.036 | / | ( (281.391 | + | 283.404) | / 2 ) | |
= | 4.036 | / | 282.3975 | ||||
= | 1.43 % |
* 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 (Feb. 2016) net income data.
Electro Rent (NAS:ELRC) 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 Electro Rent's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
James S Pignatelli | director | 2300 E SLINGSHOT WAY, KAMAS UT 84036 |
Theodore E Guth | director | 6060 SEPULVEDA BOULEVARD, VAN NUYS CA 91411 |
Joseph J Kearns | director | C/O ELECTRO RENT CORP, 6060 SEPULVEDA BLVD, VAN NUYS CA 91411 |
Platinum Equity Llc | 10 percent owner | 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
Tom Gores | 10 percent owner | C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
Platinum Equity Investment Holdings Iii, Llc | 10 percent owner | C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
Platinum Equity Partners Iii, Llc | 10 percent owner | C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
S Lee Kling | director | 1401 S BRENTWOOD BLVD, ST LOUIS MO 63144 |
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