Lexmark International (Lexmark International) Return-on-Tangible-Asset : 3.89% (As of Sep. 2016)

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What is Lexmark International 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. Lexmark International's annualized Net Income for the quarter that ended in Sep. 2016 was $73 Mil. Lexmark International's average total tangible assets for the quarter that ended in Sep. 2016 was $1,881 Mil. Therefore, Lexmark International's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2016 was 3.89%.

The historical rank and industry rank for Lexmark International's Return-on-Tangible-Asset or its related term are showing as below:

LXK's Return-on-Tangible-Asset is not ranked ^*
in the Hardware industry.
Industry Median: 2.525
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Lexmark International Return-on-Tangible-Asset Historical Data

The historical data trend for Lexmark International'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.

Lexmark International Return-on-Tangible-Asset Chart

Lexmark International Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Return-on-Tangible-Asset

Get a 7-Day Free Trial

9.67

3.44

9.00

2.79

-1.68

Lexmark International Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Return-on-Tangible-Asset	Get a 7-Day Free Trial															-2.94	-2.08	-7.79	-7.32	3.89

Competitive Comparison of Lexmark International's Return-on-Tangible-Asset

For the Computer Hardware subindustry, Lexmark International'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.

Lexmark International's Return-on-Tangible-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lexmark International's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Lexmark International's Return-on-Tangible-Asset falls into.

Lexmark International Return-on-Tangible-Asset Calculation

Lexmark International's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2015 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	-40.4	/	( (2763	+	2054.8)	/ 2 )
	=	-40.4	/	2408.9
	=	-1.68 %

Lexmark International's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2016 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Sep. 2016 )		(Q: Jun. 2016 )		(Q: Sep. 2016 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Sep. 2016 )		(Q: Jun. 2016 )		(Q: Sep. 2016 )
	=	73.2	/	( (1880.2	+	1881.7)	/ 2 )
	=	73.2	/	1880.95
	=	3.89 %

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 (Sep. 2016) net income data.

Lexmark International (NYSE:LXK) 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.

Lexmark International Return-on-Tangible-Asset Related Terms

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Lexmark International (Lexmark International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lexmark International Inc (NYSE:LXK) » Definitions » Return-on-Tangible-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.lexmark.com

Lexmark International Inc is a Delaware corporation, formed in July 1990. On November 15, 1995, it completed its initial public offering of Class A Common Stock. The Company is a developer, manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow and, more recently, business process and content management solutions. The Company operates in the office printing and imaging, enterprise content management (ECM), business process management (BPM), document output management (DOM), intelligent data capture and search software markets. Its products include laser printers and multifunction devices, dot matrix printers and the associated supplies/solutions/services, as well as ECM, BPM, DOM, intelligent data capture, search and web-based document imaging and workflow software solutions and services. It develops and ownsof the technology for its printing and imaging products and its software related to MPS and content and process management solutions. The Company is managed along two segments: Imaging Solutions and Services (ISS) and Perceptive Software. ISS offers a portfolio of monochrome and color laser printers and laser MFPs, as well as supplies, software applications, software solutions and MPS to help businesses efficiently capture, manage and access information. ISS laser products are core building blocks for enabling information on demand. They are designed to enable intelligent document capture in addition to delivering high-quality printed output on a variety of media types and sizes. When combined with document management and business process workflow software, from Perceptive Software, these products accelerate productivity by connecting people with the information they need. Its products include Monochrome Laser, Color Laser, Inkjet MFPs and AIOs, Dot Matrix Products, and MPS and Customer Support Services. Its competitors in this segment include Hewlett-Packard, Canon, Ricoh, Xerox, Brother, Konica Minolta, Kyocera, Okidata and Samsung. ISS operates manufacturing control centers in Lexington, Kentucky; Shenzhen, China; and Geneva, Switzerland; and has company-owned manufacturing sites in Boulder, Colorado and Juarez, Mexico. The Perceptive Software sgment offers a complete suite of ECM, BPM, DOM, intelligent data capture, search software and medical imaging VNA software products and solutions. Perceptive Software capture, content, search and BPM software products and solutions, enable users to capture, manage, and collaborate on important documents, information, and business processes, protect data integrity throughout its lifecycle and access precise content in the context of the users everyday business processes. These components are developed and maintained by Perceptive Software. Its solutions are Designed from Perceptive Softwares software platform, including the capture, content, process and search suites, Perceptive Software offers industry specific solutions of

Executives

Stephen R Hardis	director	C/O MARSH & MCLENNAN COMPANIES, INC., 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Michael J Maples	director	2208 WINDSOR ROAD, AUSTIN TX 78703
Reynolds Bish	officer: Vice President	C/O IOMEGA CORPORATION, 10955 VISTA SORRENTO PARKWAY, SAN DIEGO CA 92130
Jeri L Isbell	officer: VP of Human Resources	ONE LEXMARK CENTRE DR, 740 WEST NEW CIRCLE RD, LEXINGTON KY 40550
Paul A Rooke	director, officer: Chairman and CEO	ONE LEXMARK CENTRE DR, 740 WEST NEW CIRCLE RD, LEXINGTON KY 40550
William R Fields	director	740 WEST NEW CIRCLE ROAD, LEXINGTON KY 40550
Kathi P Seifert	director	ONE LEXMARK CENTRE DR, 740 WEST NEW CIRCLE RD, LEXINGTON KY 40550
Jared L Cohon	director
Robert Jr Holland	director	ONE LEXMARK CENTRE DR, 740 WEST NEW CIRCLE RD, LEXINGTON KY 40550
Webster Roy Dunbar	director	5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209
Sandra L Helton	director	711 HIGH STREET, DES MOINES IA 50392-0300
J Edward Coleman	director	UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422
Montupet Jean Paul L	director	PARTNERRE LTD, WELLESLEY HOUSE 90 PITTS BAY RD, PEMBROKE BERMUDA D0 HM 08
Gamble John W Jr	officer: EVP & CFO	ONE LEXMARK CENTRE DR, 740 WEST NEW CIRCLE RD, LEXINGTON KY 40550
Teresa Beck	director	1681 SOUTH MOHAWK WAY, SALT LAKE CITY UT 84108