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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. FirstCash Holdings's annualized Net Income for the quarter that ended in Mar. 2024 was $245 Mil. FirstCash Holdings's average total tangible assets for the quarter that ended in Mar. 2024 was $2,268 Mil. Therefore, FirstCash Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 10.82%.
The historical rank and industry rank for FirstCash Holdings's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, FirstCash Holdings's highest Return-on-Tangible-Asset was 20.10%. The lowest was 7.24%. And the median was 12.62%.
The historical data trend for FirstCash Holdings'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.
FirstCash Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 13.13 | 7.85 | 7.75 | 12.98 | 10.25 |
FirstCash Holdings 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 | 9.59 | 9.00 | 10.82 | 12.50 | 10.82 |
For the Credit Services subindustry, FirstCash Holdings'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 Credit Services industry and Financial Services sector, FirstCash Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where FirstCash Holdings's Return-on-Tangible-Asset falls into.
FirstCash Holdings'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 ) | |||||
= | 219.301 | / | ( (1993.148 | + | 2284.539) | / 2 ) | |
= | 219.301 | / | 2138.8435 | ||||
= | 10.25 % |
FirstCash Holdings'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 ) | |||||
= | 245.472 | / | ( (2284.539 | + | 2251.915) | / 2 ) | |
= | 245.472 | / | 2268.227 | ||||
= | 10.82 % |
* 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.
FirstCash Holdings (NAS:FCFS) 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 FirstCash Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
R Douglas Orr | officer: EVP & Chief Financial Officer | 1600 WEST 7TH STREET, FORT WORTH TX 76102 |
Douglas Richard Rippel | director, 10 percent owner | 8425 MYSTIC LAKES, MAIZE KS 67101 |
Randel G Owen | director | C/O EMERGENCY MEDICAL SERVICES CORP, 6200 SOUTH SYRACUSE WAY, GREENWOOD VILLAGE CO 80111 |
Howard F Hambleton | officer: AFF President | 1660 WEST 7TH ST., FORT WORTH TX 76102 |
Raul Ramos | officer: SVP Latin American Operations | 1600 WEST 7TH STREET, FORT WORTH TX 76102 |
James H Graves | director | ERWIN GRAVES & ASSOCIATES, 2100 MCKINNEY AVE STE 900, DALLAS TX 75205 |
Marthea Davis | director | 1600 WEST 7TH ST., FORT WORTH TX 76102 |
Douglas R. Rippel Revocable Trust | 10 percent owner | 7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205 |
Aff Services, Inc. | 10 percent owner | 7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205 |
Paula K Garrett | director | 1600 WEST 7TH ST, FORT WORTH TX 76102 |
Mikel D Faulkner | director | 180 STATE STREET 200, SOUTHLAKE TX 76092 |
Daniel R Feehan | director | CASH AMERICA INTL INC, 1600 W &TH ST, FORT WORTH TX 76102 |
Thomas Brent Stuart | officer: President and COO | 1600 W. 7TH STREET, FORT WORTH TX 76102 |
Anna M Alvarado | officer: General Counsel | 1600 WEST 7TH STREET, FORT WORTH TX 76102 |
Daniel E Berce | director | 801 CHERRY STREET, SUITE 3900, C/O GM FINANCIAL COMPANY, INC., FORT WORTH TX 76102 |
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