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Donnelley Financial Solutions (Donnelley Financial Solutions) Return-on-Tangible-Asset : 38.88% (As of Mar. 2024)


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What is Donnelley Financial Solutions 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. Donnelley Financial Solutions's annualized Net Income for the quarter that ended in Mar. 2024 was $133.2 Mil. Donnelley Financial Solutions's average total tangible assets for the quarter that ended in Mar. 2024 was $342.6 Mil. Therefore, Donnelley Financial Solutions's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 38.88%.

The historical rank and industry rank for Donnelley Financial Solutions's Return-on-Tangible-Asset or its related term are showing as below:

DFIN' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.87   Med: 19.04   Max: 36.68
Current: 27.52

During the past 11 years, Donnelley Financial Solutions's highest Return-on-Tangible-Asset was 36.68%. The lowest was -6.87%. And the median was 19.04%.

DFIN's Return-on-Tangible-Asset is ranked better than
95.4% of 805 companies
in the Capital Markets industry
Industry Median: 1.46 vs DFIN: 27.52

Donnelley Financial Solutions Return-on-Tangible-Asset Historical Data

The historical data trend for Donnelley Financial Solutions'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.

Donnelley Financial Solutions Return-on-Tangible-Asset Chart

Donnelley Financial Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.85 -6.87 36.68 27.70 25.19

Donnelley Financial Solutions Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 17.62 38.41 19.35 12.95 38.88

Competitive Comparison of Donnelley Financial Solutions's Return-on-Tangible-Asset

For the Capital Markets subindustry, Donnelley Financial Solutions'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.


Donnelley Financial Solutions's Return-on-Tangible-Asset Distribution in the Capital Markets Industry

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

* The bar in red indicates where Donnelley Financial Solutions's Return-on-Tangible-Asset falls into.



Donnelley Financial Solutions Return-on-Tangible-Asset Calculation

Donnelley Financial Solutions's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=82.2/( (339.1+313.5)/ 2 )
=82.2/326.3
=25.19 %

Donnelley Financial Solutions's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=133.2/( (313.5+371.6)/ 2 )
=133.2/342.55
=38.88 %

* 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 (Mar. 2024) net income data.


Donnelley Financial Solutions  (NYSE:DFIN) 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.


Donnelley Financial Solutions Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Donnelley Financial Solutions's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Donnelley Financial Solutions (Donnelley Financial Solutions) Business Description

Traded in Other Exchanges
Address
35 West Wacker Drive, Chicago, IL, USA, 60601
Donnelley Financial Solutions Inc is a global risk and compliance solutions company. The company provides regulatory filing and deal solutions via its software-as-a-service, technology-enabled services, and print and distribution solutions to public and private companies, mutual funds, and other regulated investment firms. The company operates in four segments: Capital Markets - Software Solutions, Capital Markets - Compliance and Communications Management, Investment Companies - Software Solutions and Investment Companies - Compliance and Communications Management. Its geographical segments are the United States( US), Europe, Asia, Canada, and others, of which the US accounts for the vast majority of its total revenue.
Executives
Jeffrey Jacobowitz director, 10 percent owner C/O ROBOTTI & COMPANY, 52 VANDERBILT AVENUE, 4TH FLOOR, NEW YORK NY 10017
Kami Turner officer: See Remarks C/O DONNELLEY FINANCIAL SOLUTIONS, 35 W. WACKER DR, CHICAGO IL 60601
Eric J Johnson officer: President, GIC C/O DONNELLEY FINANCIAL SOLUTIONS, 35 WEST WACKER DRIVE, CHICAGO IL 60601
Daniel Leib director, officer: Chief Executive Officer C/O RR DONNELLEY & SONS COMPANY, 111 SOUTH WACKER DRIVE, CHICAGO IL 60606
Simcoe Capital Management, Llc 10 percent owner 540 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Craig Clay officer: President, GCM C/O DONNELLEY FINANCIAL SOLUTIONS, 35 WEST WACKER DRIVE, CHICAGO IL 60601
Leah Marie Trzcinski officer: General Counsel C/O DONNELLEY FINANCIAL SOLUTIONS, 35 W WACKER DRIVE, CHICAGO IL 60601
Robert Kirk Williams officer: Chief People & Admin Officer C/O DONNELLEY FINANCIAL SOLUTIONS, 35 W WACKER DRIVE, CHICAGO IL 60601
Jennifer B Reiners officer: General Counsel C/O DONNELLEY FINANCIAL SOLUTIONS, 35 W. WACKER DR, CHICAGO IL 60601
Juliet S Ellis director C/O DONNELLEY FINANCIAL SOLUTIONS, 35 WEST WACKER DRIVE, CHICAGO IL 60601
Chandar Pattabhiram director C/O DONNELLEY FINANCIAL SOLUTIONS, 35 W. WACKER DR., CHICAGO IL 60601
David A Gardella officer: Chief Financial Officer C/O DONNELLEY FINANCIAL SOLUTIONS, 35 W. WACKER DR, CHICAGO IL 60601
Gary G Greenfield director AVID, 75 NETWORK DRIVE, BURLINGTON MA 01803
Richard L Crandall director 800 DELAWARE AVE, COMPUTER TASK GROUP INC, BUFFALO NY 14209
Lois M Martin director PO BOX 1101, ADC TELCOMMUNICATIONS INC, MINNEAPOLIS MN 55440-1104