What is Liquidity Services Return-on-Tangible-Asset?
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. Liquidity Services's annualizedNet Income for the quarter that ended in Dec. 2023 was $7.6 Mil. Liquidity Services's average total tangible assets for the quarter that ended in Dec. 2023 was $182.2 Mil. Therefore, Liquidity Services's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 4.19%.
The historical rank and industry rank for Liquidity Services's Return-on-Tangible-Asset or its related term are showing as below:
LQDT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -49.29 Med: -5.31 Max: 31.42
Current: 10.65
During the past 13 years, Liquidity Services's highest Return-on-Tangible-Asset was 31.42%. The lowest was -49.29%. And the median was -5.31%.
LQDT's Return-on-Tangible-Asset is ranked better than 84.79% of 1118
companies
in the Retail - Cyclical industry
Industry Median: 2.3
vs LQDT: 10.65
Liquidity Services Return-on-Tangible-Asset Historical Data
The historical data trend for Liquidity Services'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.
Competitive Comparison of Liquidity Services's Return-on-Tangible-Asset
For the Internet Retail subindustry, Liquidity Services'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.
Liquidity Services's Return-on-Tangible-Asset Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Liquidity Services's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Liquidity Services's Return-on-Tangible-Asset falls into.
* 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.
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.
Liquidity Services Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Liquidity Services's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Liquidity Services (Liquidity Services) Business Description
Liquidity Services Inc is an online auction marketplace. It manages and sells inventory and equipment for business and government clients by operating a network of e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering across different product categories. The company has four reportable segments: GovDeals, Capital Assets Group (CAG), Retail Supply Chain Group (RSCG), and Machinio. It generates majority of its revenue from Retail Supply Chain Group (RSCG) segment which consists of marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. Geographically, a substantial portion the company's revenue is generated from its business in United States.
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