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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. World Acceptance's annualized Net Income for the quarter that ended in Dec. 2023 was $66.7 Mil. World Acceptance's average total tangible assets for the quarter that ended in Dec. 2023 was $1,092.6 Mil. Therefore, World Acceptance's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 6.10%.
The historical rank and industry rank for World Acceptance's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, World Acceptance's highest Return-on-Tangible-Asset was 13.06%. The lowest was 1.86%. And the median was 7.92%.
The historical data trend for World Acceptance'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.
For the Credit Services subindustry, World Acceptance'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 Credit Services industry and Financial Services sector, World Acceptance's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where World Acceptance's Return-on-Tangible-Asset falls into.
World Acceptance's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Mar. 2023 ) | (A: Mar. 2022 ) | (A: Mar. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Mar. 2023 ) | (A: Mar. 2022 ) | (A: Mar. 2023 ) | |||||
= | 21.232 | / | ( (1191.17 | + | 1094.658) | / 2 ) | |
= | 21.232 | / | 1142.914 | ||||
= | 1.86 % |
World Acceptance's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 66.66 | / | ( (1085.172 | + | 1100.061) | / 2 ) | |
= | 66.66 | / | 1092.6165 | ||||
= | 6.10 % |
* 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.
World Acceptance (NAS:WRLD) 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 World Acceptance's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Calmes John L Jr | officer: VP, CFO and Treasurer | C/O WORLD ACCEPTANCE CORPORATION, 108 FREDERICK STREET, GREENVILLE SC 29607 |
Jason E. Childers | officer: SVP, IT Strategic Solutions | 108 FREDERICK STREET, GREENVILLE SC 29607 |
Scott Mcintyre | officer: SVP, Accounting | 108 FREDERICK STREET, GREENVILLE SC 29607 |
Clifford Sosin | 10 percent owner | 8 WRIGHT STREET, 1ST FL, WESTPORT CT 06880 |
Thomas W Smith | 10 percent owner, other: Member of Section 13(d) Group | 2200 BUTTS ROAD, SUITE 320, BOCA RATON FL 33431 |
Luke J. Umstetter | officer: SVP, General Counsel | 104 SOUTH MAIN STREET, SUITE 400, GREENVILLE SC 29601 |
Darrell E Whitaker | director | 14 BATSON ORCHARD CT., TAYLORS SC 29687 |
R Chad Prashad | officer: See remarks | 108 FREDERICK STREET, GREENVILLE SC 29607 |
Alice Lindsay Caulder | officer: SVP, Human Resources | 108 FREDERICK STREET, GREENVILLE SC 29607 |
Daniel Clinton Dyer | officer: SVP, CENTRAL DIVISION | 230 4TH AVENUE NORTH SUITE 500, NASHVILLE TN 37219 |
Charles D Way | director | |
Elizabeth R. Neuhoff | director | 146 SOTA DRIVE, JUPITER FL 33458 |
Robinson Benjamin E Iii | director | 325 CORPORATE DRIVE, PORTSMOUTH NH 03885 |
Bramlett Ken R Jr | director | 2709 WATER RIDGE PARKWAY, 2ND FLOOR, CHARLOTTE NC 28217 |
Alison N Labruyere | officer: SVP and General Counsel | 108 FREDERICK STREET, GREENVILLE SC 29607 |
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