What is United States Cellular 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. United States Cellular's annualizedNet Income for the quarter that ended in Dec. 2023 was $56 Mil. United States Cellular's average total tangible assets for the quarter that ended in Dec. 2023 was $6,058 Mil. Therefore, United States Cellular's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 0.92%.
The historical rank and industry rank for United States Cellular's Return-on-Tangible-Asset or its related term are showing as below:
USM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.92 Med: 1.66 Max: 5.07
Current: 0.89
During the past 13 years, United States Cellular's highest Return-on-Tangible-Asset was 5.07%. The lowest was -0.92%. And the median was 1.66%.
USM's Return-on-Tangible-Asset is ranked worse than 62.47% of 389
companies
in the Telecommunication Services industry
Industry Median: 3.01
vs USM: 0.89
United States Cellular Return-on-Tangible-Asset Historical Data
The historical data trend for United States Cellular'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.
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United States Cellular Return-on-Tangible-Asset Chart
Competitive Comparison of United States Cellular's Return-on-Tangible-Asset
For the Telecom Services subindustry, United States Cellular'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.
United States Cellular's Return-on-Tangible-Asset Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, United States Cellular's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where United States Cellular's Return-on-Tangible-Asset falls into.
United States Cellular Return-on-Tangible-Asset Calculation
United States Cellular's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
United States Cellular (NYSE:USM) 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.
United States Cellular Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of United States Cellular's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
United States Cellular (United States Cellular) Business Description
U.S. Cellular is a regional wireless carrier that serves about 5 million customers spread across four major geographic clusters: the Midwest, mid-Atlantic, New England, and the Pacific Northwest. These service territories encompass a total population of about 32 million people. The vast majority of the markets the firm serves are rural or second/third-tier cities, with only the greater Milwaukee and Oklahoma City regions boasting populations greater than 1 million. U.S. Cellular also owns a 5.5% stake in Verizon Wireless' Los Angeles operations and, unlike its wireless carrier peers, owns most of its own towers.
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