MOCON (MOCO) Return-on-Tangible-Asset : -0.31% (As of Mar. 2017)

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What is MOCON 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. MOCON's annualized Net Income for the quarter that ended in Mar. 2017 was $-0.11 Mil. MOCON's average total tangible assets for the quarter that ended in Mar. 2017 was $35.08 Mil. Therefore, MOCON's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2017 was -0.31%.

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

MOCO's Return-on-Tangible-Asset is not ranked ^*
in the Hardware industry.
Industry Median: 2.37
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

MOCON Return-on-Tangible-Asset Historical Data

The historical data trend for MOCON'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.

MOCON Return-on-Tangible-Asset Chart

MOCON Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Return-on-Tangible-Asset

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5.58

9.47

4.36

9.21

15.52

MOCON Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Return-on-Tangible-Asset	Get a 7-Day Free Trial															6.21	9.83	24.67	21.71	-0.31

Competitive Comparison of MOCON's Return-on-Tangible-Asset

For the Scientific & Technical Instruments subindustry, MOCON'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.

MOCON's Return-on-Tangible-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MOCON's Return-on-Tangible-Asset distribution charts can be found below:

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

MOCON Return-on-Tangible-Asset Calculation

MOCON's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2016 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	5	/	( (30.996	+	33.437)	/ 2 )
	=	5	/	32.2165
	=	15.52 %

MOCON's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2017 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Mar. 2017 )		(Q: Dec. 2016 )		(Q: Mar. 2017 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Mar. 2017 )		(Q: Dec. 2016 )		(Q: Mar. 2017 )
	=	-0.108	/	( (33.437	+	36.716)	/ 2 )
	=	-0.108	/	35.0765
	=	-0.31 %

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. 2017) net income data.

MOCON (NAS:MOCO) 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.

MOCON Return-on-Tangible-Asset Related Terms

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MOCON (MOCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MOCON Inc (NAS:MOCO) » Definitions » Return-on-Tangible-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.mocon.com

MOCON Inc was incorporated as a Minnesota corporation in February 1966. The Company designs, manufactures, markets and services products, and provides consulting services, in the test and measurement, analytical instrument and services markets. Its products includes instruments that detects, measures and monitors gases and other chemical compounds which help its customers improves the quality of their products, as well as develops new products. Its gas and vapor permeation instruments were first used in the food packaging industry, starting in the 1970s, to measure small amounts of moisture which can adversely affect dry cereals and other food packaging. The Company's products serve markets such as foods, beverages, pharmaceuticals and consumer products, oil and gas exploration and industrial and environmental safety. It develops, manufactures, markets and services test and measurement, analytical and monitoring instruments and systems used to detect, measure and analyze gases and other chemical compounds, as well as providing related consulting services. The market for these products consists of manufacturers of packaging materials, including manufacturers of papers, plastic films, coatings and containers and the users of such packaging materials, such as companies in the food, beverage, pharmaceutical and consumer product industries. Its other customers include manufacturers of flat panel displays, solar panels, electronics, and many other sophisticated materials. The Company has four operating segments which are combined into three reporting segments as follows; Permeation Products and Services, Package Testing Products and Services, and Industrial Analyzer Products and Services and Other. Its permeation products consist of systems and services that measure the rate at which various gases and vapors transmit through a variety of materials. These products perform measurements under precise temperature, pressure and relative humidity conditions. It manufactures and sells three products in this group; headspace analyzers, leak detection equipment and gas mixers. Its headspace analyzer products are used to analyze the amount and type of gas present in the headspace of flexible and rigid packages, as applied to gas flushing in modified or controlled atmosphere packaging. It manufactures and distributes gas analysis and monitoring instrumentation used in applications such as oil and gas exploration, process gas analysis, industrial hygiene and safety, environmental air monitoring and indoor air quality. Its microbial detection products are designed to rapidly detect microbial growth in food and beverage samples. The Company manufactures and sells three products in this group; headspace analyzers, leak detection equipment and gas mixers. Its trademarks and service marks include the following; MOCON, APCHECK, AQUATRACE, AQUATRAN, AROMATRAN, AROMATRAX, BASELINE, BEVALERT, CALCARD, CAL-SMART, CheckPoint, CMV-2, COULOX, FLO SMART, GREENL

Executives

Bradley D Goskowicz	director
Kathleen P Iverson	director	5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Robert F Gallagher	director	C/O RESISTANCE TECHNOLOGY INC 1260 RED FOX ROAD ARDEN HILLS MN 55112
Robert L Demorest	director, officer: Chairman, President and CEO	2235 VALE CREST, MINNEAPOLIS MN 55422
Paul R Zeller	director	C/O IMATION CORP, 1 IMATION PL, OAKDALE MN 55128
Darrell B Lee	officer: VP, CFO, Treasurer & Secretary	C/O MOCON, INC., 7500 BOONE AVENUE NORTH, MINNEAPOLIS MN 55428