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. Entegris's annualizedNet Income for the quarter that ended in Jun. 2023 was $791 Mil. Entegris's average total tangible assets for the quarter that ended in Jun. 2023 was $4,299 Mil. Therefore, Entegris's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was 18.39%.
The historical rank and industry rank for Entegris's Return-on-Tangible-Asset or its related term are showing as below:
ENTG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.82 Med: 9.16 Max: 21.01
Current: 2.22
During the past 13 years, Entegris's highest Return-on-Tangible-Asset was 21.01%. The lowest was 0.82%. And the median was 9.16%.
ENTG's Return-on-Tangible-Asset is ranked worse than 57.87% of 966
companies
in the Semiconductors industry
Industry Median: 3.74
vs ENTG: 2.22
Entegris Return-on-Tangible-Asset Historical Data
The historical data trend for Entegris'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.
Entegris Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Return-on-Tangible-Asset
16.57
17.23
17.77
21.01
7.02
Entegris Quarterly Data
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Return-on-Tangible-Asset
11.49
-6.92
6.01
-8.85
18.39
Competitive Comparison
For the Semiconductor Equipment & Materials subindustry, Entegris'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.
Entegris Return-on-Tangible-Asset Distribution
For the Semiconductors industry and Technology sector, Entegris's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Entegris'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.
Entegris Return-on-Tangible-Asset Calculation
Entegris's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 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 (Jun. 2023) net income data.
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.
Entegris Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Entegris's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Entegris Inc is a supplier of Advanced materials and process solutions for the semiconductor and other high-technology industries. The company's reportable segments include Specialty Chemicals & Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH). The SCEM segment provides high-performance & high-purity process chemistries, gases, & materials, and safe & efficient delivery systems. The Microcontamination Control (MC) segment includes solutions to purify critical liquid chemistries and process gases used in semiconductor manufacturing processes and other high-technology industries. Its geographical segments are Taiwan, North America, South Korea, Japan, China, Europe, and Southeast.
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