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Currency Exchange International (Currency Exchange International) Return-on-Tangible-Asset : 2.68% (As of Jan. 2024)


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What is Currency Exchange International 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. Currency Exchange International's annualized Net Income for the quarter that ended in Jan. 2024 was $3.40 Mil. Currency Exchange International's average total tangible assets for the quarter that ended in Jan. 2024 was $127.10 Mil. Therefore, Currency Exchange International's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 was 2.68%.

The historical rank and industry rank for Currency Exchange International's Return-on-Tangible-Asset or its related term are showing as below:

CURN' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.99   Med: 6.48   Max: 12.66
Current: 7.46

During the past 13 years, Currency Exchange International's highest Return-on-Tangible-Asset was 12.66%. The lowest was -10.99%. And the median was 6.48%.

CURN's Return-on-Tangible-Asset is ranked better than
78.81% of 807 companies
in the Capital Markets industry
Industry Median: 1.46 vs CURN: 7.46

Currency Exchange International Return-on-Tangible-Asset Historical Data

The historical data trend for Currency Exchange International'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.

* Premium members only.

Currency Exchange International Return-on-Tangible-Asset Chart

Currency Exchange International Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.92 -10.99 -1.31 10.99 8.31

Currency Exchange International Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.17 7.03 12.86 7.38 2.68

Competitive Comparison of Currency Exchange International's Return-on-Tangible-Asset

For the Capital Markets subindustry, Currency Exchange International'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.


Currency Exchange International's Return-on-Tangible-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Currency Exchange International's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Currency Exchange International's Return-on-Tangible-Asset falls into.



Currency Exchange International Return-on-Tangible-Asset Calculation

Currency Exchange International's annualized Return-on-Tangible-Asset for the fiscal year that ended in Oct. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Oct. 2023 )  (A: Oct. 2022 )(A: Oct. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Oct. 2023 )  (A: Oct. 2022 )(A: Oct. 2023 )
=10.194/( (119.059+126.208)/ 2 )
=10.194/122.6335
=8.31 %

Currency Exchange International's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jan. 2024 )  (Q: Oct. 2023 )(Q: Jan. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jan. 2024 )  (Q: Oct. 2023 )(Q: Jan. 2024 )
=3.4/( (126.208+127.99)/ 2 )
=3.4/127.099
=2.68 %

* 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 (Jan. 2024) net income data.


Currency Exchange International  (OTCPK:CURN) 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 company’s 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 company’s 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.


Currency Exchange International Return-on-Tangible-Asset Related Terms

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Currency Exchange International (Currency Exchange International) Business Description

Traded in Other Exchanges
Address
6675 Westwood Boulevard, Suite 300, Orlando, FL, USA, 32821
Currency Exchange International Corp operates as a money service and payments business and provides currency exchange, wire transfer, and cheque cashing services at its locations in the United States and Canada. The company earns maximum revenue from the United States of America. The company earns revenue in the form of Commission and Fee income.

Currency Exchange International (Currency Exchange International) Headlines

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