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. Cornerstone Building Brands's annualizedNet Income for the quarter that ended in Mar. 2022 was $409 Mil. Cornerstone Building Brands's average total tangible assets for the quarter that ended in Mar. 2022 was $3,072 Mil. Therefore, Cornerstone Building Brands's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2022 was 13.32%.
The historical rank and industry rank for Cornerstone Building Brands's Return-on-Tangible-Asset or its related term are showing as below:
CNR's Return-on-Tangible-Asset is not ranked *
in the Construction industry.
Industry Median: 2.67 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Cornerstone Building Brands Return-on-Tangible-Asset Historical Data
The historical data trend for Cornerstone Building Brands'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.
Cornerstone Building Brands Annual Data
Trend
Oct12
Oct13
Oct14
Oct15
Oct16
Oct17
Oct18
Dec19
Dec20
Dec21
Return-on-Tangible-Asset
7.32
7.99
-1.03
-19.90
23.60
Cornerstone Building Brands Quarterly Data
Apr17
Jul17
Oct17
Jan18
Apr18
Jul18
Oct18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Return-on-Tangible-Asset
-0.24
1.31
88.26
5.15
13.32
Competitive Comparison
For the Building Products & Equipment subindustry, Cornerstone Building Brands'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.
Cornerstone Building Brands Return-on-Tangible-Asset Distribution
For the Construction industry and Industrials sector, Cornerstone Building Brands's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Cornerstone Building Brands's Return-on-Tangible-Asset falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Asset's extreme value range as defined by GuruFocus.
Cornerstone Building Brands Return-on-Tangible-Asset Calculation
Cornerstone Building Brands's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2021 is calculated as:
* 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. 2022) net income data.
Cornerstone Building Brands (NYSE:CNR) 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.
Cornerstone Building Brands Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Cornerstone Building Brands's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Cornerstone Building Brands (NYSE:CNR) Business Description
Cornerstone Building Brands Inc constructs and sells building materials for the commercial, residential, and repair industries in North America. The company operates in three segments: commercial, which provides metal products and coil coating services for commercial construction; siding, which offers vinyl and steel siding, aluminum coil and gutters, roofing accessories, moldings, window and door trim, rain removal systems, vents, fences, and railings; and windows, which includes vinyl, aluminum, and wooden windows as well as steel, wood, and fiberglass doors. All three segments contribute sizably to total revenue.
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