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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. IEC Electronics's annualized Net Income for the quarter that ended in Jun. 2021 was $4.1 Mil. IEC Electronics's average total tangible assets for the quarter that ended in Jun. 2021 was $158.5 Mil. Therefore, IEC Electronics's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2021 was 2.59%.
The historical rank and industry rank for IEC Electronics's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, IEC Electronics's highest Return-on-Tangible-Asset was 14.57%. The lowest was -19.20%. And the median was 5.25%.
The historical data trend for IEC Electronics'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.
IEC Electronics Annual Data | |||||||||||||||||||||
Trend | Sep11 | Sep12 | Sep13 | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 8.08 | 0.16 | 14.57 | 4.72 | 5.78 |
IEC Electronics Quarterly Data | ||||||||||||||||||||
Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 7.40 | 6.42 | 4.45 | -0.89 | 2.59 |
For the Electronic Components subindustry, IEC Electronics'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 Hardware industry and Technology sector, IEC Electronics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where IEC Electronics's Return-on-Tangible-Asset falls into.
IEC Electronics's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2020 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Sep. 2020 ) | (A: Sep. 2019 ) | (A: Sep. 2020 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Sep. 2020 ) | (A: Sep. 2019 ) | (A: Sep. 2020 ) | |||||
= | 6.753 | / | ( (110.832 | + | 122.964) | / 2 ) | |
= | 6.753 | / | 116.898 | ||||
= | 5.78 % |
IEC Electronics's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2021 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jun. 2021 ) | (Q: Mar. 2021 ) | (Q: Jun. 2021 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jun. 2021 ) | (Q: Mar. 2021 ) | (Q: Jun. 2021 ) | |||||
= | 4.104 | / | ( (159.166 | + | 157.752) | / 2 ) | |
= | 4.104 | / | 158.459 | ||||
= | 2.59 % |
* 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. 2021) net income data.
IEC Electronics (NAS:IEC) 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 IEC Electronics's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeremy R Nowak | director | C/O API TECHNOLOGIES CORP ONE NORTH WACKER DRIVE SUITE 4400 CHICAGO IL 60606 |
Charles P Hadeed | director | 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624 |
Jeffrey T Schlarbaum | director, officer: President and CEO | 105 NORTON STREET, NEWARK NY 14513 |
Michael W Osborne | director | 105 NORTON STREET NEWARK NY 14513 |
Andrew M Laurence | director | C/O API TECHNOLOGIES CORP., ONE NORTH WACKER DRIVE SUITE 4400, CHICAGO IL 60606 |
Keith M Butler | director | 105 NORTON STREET NEWARK NY 14513 |
Thomas L Barbato | officer: CFO | 105 NORTON STREET, NEWARK NY 14513 |
Lynn J Hartrick | director | 105 NORTON STREET NEWARK NY 14513 |
Michael Thomas Williams | officer: VP, Finance and CFO | 54 BARCHAN DUNE RISE VICTOR NY 14564 |
Jens Hauvn | officer: SVP, Operations | C/O IEC ELECTRONICS CORP. 105 NORTON STREET NEWARK NY 14513 |
Eric Singer | director | 323 SUNNY ISLES BLVD., SUITE 700, SUNNY ISLES BEACH FL 33160 |
W Barry Gilbert | officer: CEO & Chairman of the Board | C/O IEC ELECTRONICS CORP. NEWARK NY 14513 |
Brett Eugene Mancini | officer: VP Bus Devel & Eng Serv | 12 SANDPIPER LANE PITTSFORD NY 14534 |
John Carlton Johnson | director | 24450 MEADOW ROAD PO BOX 1093 CLARK CO 80428 |
Florence Distefano Hudson | director | 1 WINSOR PLACE PURCHASE NY 10577 |
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