What is Steel Partners Holdings LP Return-on-Tangible-Asset?
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. Steel Partners Holdings LP's annualizedNet Income for the quarter that ended in Dec. 2023 was $165 Mil. Steel Partners Holdings LP's average total tangible assets for the quarter that ended in Dec. 2023 was $3,706 Mil. Therefore, Steel Partners Holdings LP's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 4.45%.
The historical rank and industry rank for Steel Partners Holdings LP's Return-on-Tangible-Asset or its related term are showing as below:
SPLP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.72 Med: 2.56 Max: 9.87
Current: 4.37
During the past 13 years, Steel Partners Holdings LP's highest Return-on-Tangible-Asset was 9.87%. The lowest was -1.72%. And the median was 2.56%.
SPLP's Return-on-Tangible-Asset is ranked better than 67.61% of 528
companies
in the Conglomerates industry
Industry Median: 2.555
vs SPLP: 4.37
Steel Partners Holdings LP Return-on-Tangible-Asset Historical Data
* 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 Steel Partners Holdings LP's Return-on-Tangible-Asset
For the Conglomerates subindustry, Steel Partners Holdings LP'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.
Steel Partners Holdings LP's Return-on-Tangible-Asset Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Steel Partners Holdings LP'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.
Steel Partners Holdings LP Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Steel Partners Holdings LP's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Steel Partners Holdings LP (Steel Partners Holdings LP) Business Description
Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. It operates in various segments including the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, including joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services, and metallized films and packaging businesses; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in a full range of banking activities.
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