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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. Beasley Broadcast Group's annualized Net Income for the quarter that ended in Dec. 2023 was $25.5 Mil. Beasley Broadcast Group's average total tangible assets for the quarter that ended in Dec. 2023 was $183.9 Mil. Therefore, Beasley Broadcast Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 13.88%.
The historical rank and industry rank for Beasley Broadcast Group's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Beasley Broadcast Group's highest Return-on-Tangible-Asset was 49.00%. The lowest was -39.14%. And the median was 6.46%.
The historical data trend for Beasley Broadcast Group'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.
Beasley Broadcast Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 8.39 | -9.86 | -0.74 | -20.59 | -39.14 |
Beasley Broadcast Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -48.68 | -7.15 | -21.41 | -138.38 | 13.88 |
For the Broadcasting subindustry, Beasley Broadcast Group'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 Media - Diversified industry and Communication Services sector, Beasley Broadcast Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Beasley Broadcast Group's Return-on-Tangible-Asset falls into.
Beasley Broadcast Group'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 ) | |||||
= | -75.12 | / | ( (206.208 | + | 177.617) | / 2 ) | |
= | -75.12 | / | 191.9125 | ||||
= | -39.14 % |
Beasley Broadcast Group'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 ) | |||||
= | 25.536 | / | ( (190.228 | + | 177.617) | / 2 ) | |
= | 25.536 | / | 183.9225 | ||||
= | 13.88 % |
* 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 (Dec. 2023) net income data.
Beasley Broadcast Group (NAS:BBGI) 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 Beasley Broadcast Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Caroline Beasley | director, 10 percent owner, officer: CFO | |
Bruce G Beasley | director, 10 percent owner, officer: President | 3033 RIVIERA DRIVE, SUITE 200, NAPLES FL 34103 |
Bradley C Beasley | 10 percent owner | 3033 RIVERA DRIVE, SUITE 200, NAPLES FL 34103 |
Brian E Beasley | director, officer: Vice President of Operations | 3033 RIVERA DRIVE, SUITE 200, NAPLES FL 34103 |
Gordon H Smith | director | 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 21771 |
Christopher D. Ornelas | officer: General Counsel | C/O BEASLEY BROADCAST GROUP, INC., 3033 RIVIERA DRIVE, SUITE 200, NAPLES FL 34103 |
Warfield Charles M. Jr. | director | C/O BEASLEY BROADCAST GROUP, INC., 3033 RIVIERA DRIVE, SUITE 200, NAPLES FL 34103 |
George G Beasley | director, 10 percent owner, officer: CEO | |
Leslie V Godridge | director | |
Mark S Fowler | director | C/O TALK AMERICA HOLDINGS, INC., 12020 SUNRISE VALLEY DR, STE. 250, RESTON VA 20191 |
Cristina Bordes 2009 Gift Trust | other: See Remarks | C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005 |
Stephanie L. Bordes | other: See Remarks | C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005 |
Stephen M. Bordes | other: See Remarks | C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005 |
Cristina Bordes | 10 percent owner | C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005 |
Bordes 2015 Grat #7 Lee | other: See Remarks | C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005 |
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