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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. Kemet's annualized Net Income for the quarter that ended in Mar. 2020 was $-1 Mil. Kemet's average total tangible assets for the quarter that ended in Mar. 2020 was $1,308 Mil. Therefore, Kemet's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2020 was -0.09%.
The historical rank and industry rank for Kemet's Return-on-Tangible-Asset or its related term are showing as below:
The historical data trend for Kemet'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.
Kemet Annual Data | |||||||||||||||||||||
Trend | Mar11 | Mar12 | Mar13 | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -8.23 | 7.31 | 28.44 | 17.61 | 3.28 |
Kemet Quarterly Data | ||||||||||||||||||||
Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 31.67 | 12.80 | -4.69 | 5.07 | -0.09 |
For the Electronic Components subindustry, Kemet'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, Kemet's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kemet's Return-on-Tangible-Asset falls into.
Kemet's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2020 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Mar. 2020 ) | (A: Mar. 2019 ) | (A: Mar. 2020 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Mar. 2020 ) | (A: Mar. 2019 ) | (A: Mar. 2020 ) | |||||
= | 41.381 | / | ( (1224.052 | + | 1299.174) | / 2 ) | |
= | 41.381 | / | 1261.613 | ||||
= | 3.28 % |
Kemet's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2020 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2020 ) | (Q: Dec. 2019 ) | (Q: Mar. 2020 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2020 ) | (Q: Dec. 2019 ) | (Q: Mar. 2020 ) | |||||
= | -1.204 | / | ( (1316.921 | + | 1299.174) | / 2 ) | |
= | -1.204 | / | 1308.0475 | ||||
= | -0.09 % |
* 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 (Mar. 2020) net income data.
Kemet (NYSE:KEM) 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 Kemet's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Karen M Rogge | director | APPLIED MICRO CIRCUITS CORP, 4555 GREAT AMERICA PARKWAY, SUITE 601, SANTA CLARA CA 95054 |
Maddrey E Erwin Ii | director | 233 N MAIN STREET, SUITE 200, GREENVILLE SC 29601 |
Gurminder S Bedi | director | ONE CAMPUS MARTIUS, DETROIT MI 48226 |
Robert G Paul | director | 68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747 |
Gregory C Thompson | officer: Executive VP-CFO | 1000 ABERNATHY ROAD N.E., STE 1200, ATLANTA GA 30328 |
Jacob Kotzubei | director | 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
Lowe William M Jr | director, officer: CEO | P.O. BOX 5928, GREENVILLE SC 29606 |
Platinum Equity Llc | 10 percent owner, other: See Footnote (3)(4)(5) | 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
Tom Gores | 10 percent owner, other: See Footnote (3)(4)(5) | C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210 |
Platinum Equity Capital Partners Ii Lp | 10 percent owner, other: See Footnote (3)(4)(5) | 360 North Crescent Drive, Beverly Hills CA 90210 |
Joseph D Swann | director | C/O ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204 |
Jeffrey A Graves | director, officer: CEO | C/O C&D TECHNOLOGIES, INC., 1400 UNION MEETING RD, BLUE BELL PA 19422 |
William E Bachrach | officer: Vice President, Business Devel | 11 CABOT BOULEVARD MANSFIELD MA 02048 |
Citigroup Inc | director | 388 GREENWICH STREET, NEW YORK NY 10013 |
Iticorp | director | 399 PARK AVENUE, NEW YORK NY 10043 |
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