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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. EMC's annualized Net Income for the quarter that ended in Jun. 2016 was $2,324 Mil. EMC's average total tangible assets for the quarter that ended in Jun. 2016 was $27,078 Mil. Therefore, EMC's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2016 was 8.58%.
The historical rank and industry rank for EMC's Return-on-Tangible-Asset or its related term are showing as below:
The historical data trend for EMC'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.
EMC Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 12.96 | 12.82 | 11.17 | 9.53 | 7.28 |
EMC Quarterly Data | ||||||||||||||||||||
Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 7.52 | 7.28 | 11.55 | 3.98 | 8.58 |
For the Computer Hardware subindustry, EMC'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 Hardware industry and Technology sector, EMC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where EMC's Return-on-Tangible-Asset falls into.
EMC's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2015 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2015 ) | (A: Dec. 2014 ) | (A: Dec. 2015 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2015 ) | (A: Dec. 2014 ) | (A: Dec. 2015 ) | |||||
= | 1990 | / | ( (27326 | + | 27373) | / 2 ) | |
= | 1990 | / | 27349.5 | ||||
= | 7.28 % |
EMC's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2016 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jun. 2016 ) | (Q: Mar. 2016 ) | (Q: Jun. 2016 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jun. 2016 ) | (Q: Mar. 2016 ) | (Q: Jun. 2016 ) | |||||
= | 2324 | / | ( (26545 | + | 27610) | / 2 ) | |
= | 2324 | / | 27077.5 | ||||
= | 8.58 % |
* 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. 2016) net income data.
EMC (NYSE:EMC) 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 EMC's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Laura Sen | director | ONE MERCER ROAD, P.O. BOX 9601, NATICK MA 01760-9601 |
John R Egan | director | 176 SOUTH ST., HOPKINTON MA 01748 |
Donald J Carty | director | C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244 |
Judith A Miscik | director | 300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265 |
William D Green | director | C/O ACCENTURE, 161 N CLARK STREET, CHICAGO IL 60601 |
William F Scannell | officer: President,Global Sales/Cust Op | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Randolph L Cowen | director | 176 SOUTH STREET HOPKINTON MA 01748 |
Howard D Elias | officer: President & COO, Glob Ent Srvs | C/O EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Paul T Dacier | officer: EVP & General Counsel | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Erin Mcsweeney | officer: EVP, Human Resources | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Teuber William J Jr | officer: Vice Chairman | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
James S Distasio | director | C/O EVERSOURCE ENERGY, 300 CADWELL DRIVE, BOSTON MA 01104 |
Paul Sagan | director | AKAMAI TECHNOLOGIES INC, 8 CAMBRIDGE CENTER, CAMBRIDGE MA 02142 |
Jeremy Burton | officer: President, Prod & Marketing | C/O SNOWFLAKE INC., 106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715 |
David I Goulden | officer: CEO, EMCII | 176 SOUTH STREET, HOPKINTON MA 01748 |
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