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. Kulicke & Soffa Industries's annualizedNet Income for the quarter that ended in Dec. 2023 was $37.2 Mil. Kulicke & Soffa Industries's average total tangible assets for the quarter that ended in Dec. 2023 was $1,375.0 Mil. Therefore, Kulicke & Soffa Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 2.70%.
The historical rank and industry rank for Kulicke & Soffa Industries's Return-on-Tangible-Asset or its related term are showing as below:
KLIC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.13 Med: 6.12 Max: 30.02
Current: 3.72
During the past 13 years, Kulicke & Soffa Industries's highest Return-on-Tangible-Asset was 30.02%. The lowest was 1.13%. And the median was 6.12%.
KLIC's Return-on-Tangible-Asset is ranked better than 56.93% of 996
companies
in the Semiconductors industry
Industry Median: 2.56
vs KLIC: 3.72
Kulicke & Soffa Industries Return-on-Tangible-Asset Historical Data
The historical data trend for Kulicke & Soffa Industries'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.
Competitive Comparison of Kulicke & Soffa Industries's Return-on-Tangible-Asset
For the Semiconductor Equipment & Materials subindustry, Kulicke & Soffa Industries'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.
Kulicke & Soffa Industries Return-on-Tangible-Asset Distribution
For the Semiconductors industry and Technology sector, Kulicke & Soffa Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kulicke & Soffa Industries's Return-on-Tangible-Asset falls into.
* 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.
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.
Kulicke & Soffa Industries Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Kulicke & Soffa Industries's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Kulicke & Soffa Industries (Kulicke & Soffa Industries) Business Description
Kulicke & Soffa Industries Inc is a United States-based company that is principally engaged in designing, manufacturing, and selling capital equipment and expendable tools that are used for assembling semiconductor devices. The company has four reportable segments which includes Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services. Its Ball Bonding Equipment segment which generates the majority of the revenue for the company includes results of the company from the design, development, manufacture and sale of ball bonding equipment and wafer level bonding equipment. The majority of its customers are located in the Asia-pacific region.
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