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Cirrus Logic Return-on-Tangible-Asset

: 21.81% (As of Sep. 2021)
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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. Cirrus Logic's annualized Net Income for the quarter that ended in Sep. 2021 was $340 Mil. Cirrus Logic's average total tangible assets for the quarter that ended in Sep. 2021 was $1,561 Mil. Therefore, Cirrus Logic's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2021 was 21.81%.

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

NAS:CRUS' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.85   Med: 16.1   Max: 30.32
Current: 16.04

7.85
30.32

During the past 13 years, Cirrus Logic's highest Return-on-Tangible-Asset was 30.32%. The lowest was 7.85%. And the median was 16.10%.

NAS:CRUS's Return-on-Tangible-Asset is ranked higher than
82% of the 867 Companies
in the Semiconductors industry.

( Industry Median: 5.86 vs. NAS:CRUS: 16.04 )

Cirrus Logic Return-on-Tangible-Asset Historical Data

The historical data trend for Cirrus Logic'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.

Cirrus Logic Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.32 16.03 8.87 14.05 15.57

Cirrus Logic Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.56 31.57 6.66 4.54 21.81

Competitive Comparison

For the Semiconductors subindustry, Cirrus Logic'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.

   

Cirrus Logic Return-on-Tangible-Asset Distribution

For the Semiconductors industry and Technology sector, Cirrus Logic's Return-on-Tangible-Asset distribution charts can be found below:

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



Cirrus Logic Return-on-Tangible-Asset Calculation

Cirrus Logic's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2021 )  (A: Mar. 2020 )(A: Mar. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2021 )  (A: Mar. 2020 )(A: Mar. 2021 )
=217.344/( (1271.159+1521.065)/ 2 )
=217.344/1396.112
=15.57 %

Cirrus Logic's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2021 )  (Q: Jun. 2021 )(Q: Sep. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2021 )  (Q: Jun. 2021 )(Q: Sep. 2021 )
=340.384/( (1508.059+1613.525)/ 2 )
=340.384/1560.792
=21.81 %

* 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 (Sep. 2021) net income data.


Cirrus Logic  (NAS:CRUS) 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 company’s 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 company’s 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.


Cirrus Logic Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Cirrus Logic's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Cirrus Logic Business Description

Cirrus Logic logo
Industry
Technology » Semiconductors NAICS : 334413 SIC : 3674
Traded in Other Exchanges
Address
800 West 6th Street, Austin, TX, USA, 78701
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, Japan, Taiwan, and countries across the world.
Executives
Baumgartner Jeffrey W officer: VP of R&D 800 W. 6TH STREET AUSTIN TX 78701
Lego Catherine P director 3787 WOODSIDE ROAD WOODSIDE CA 94062
Carter John C director 800 WEST 6TH STREET AUSTIN TX 78701
Forsyth John officer: President 800 W. 6TH STREET AUSTIN TX 78701
Hanford Deirdre director 700 EAST MIDDLEFIELD ROAD MOUNTAIN VIEW CA 9403
Tupman David J. director 1028 CHURCH ST. SAN FRANCISCO CA 94114
Schuele Alan R director C/O SEVIN ROSEN FUNDS 13455 NOEL RD #1670 DALLAS TX 75240
Dehne Timothy R director C/O NATIONAL INSTRUMENTS 11500 MOPAC BLDG B AUSTIN TX 78759
Davern Alexander M director C/O NATIONAL INSTRUMENTS 11500 MOPAC BLDG C AUSTIN TX 78759
Anderson Scott Arnold officer: Senior VP of Supply Chain 1303 E ALGONQUIN RD SCHAUMBURG IL 60196
Rhode Jason P director, officer: CEO 2901 VIA FORTUNA AUSTIN TX 78746
Fluke Bradley J officer: VP & GM, MEMS Division 400 W CESAR CHAVEZ AUSTIN TX 78701
Case Thurman K officer: VP & CFO C/O CIRUS LOGIC INC 2901 VIA FORTUNA AUSTIN TX 78746
Benson Jodee officer: VP & Chief Culture Office 2901 VIA FORTUNA AUSTIN TX 78746
Thomas Scott officer: SVP General Counsel & Corp C/O CIRRUS LOGIC INC 800 WEST 6TH STREET AUSTIN TX 78701

Cirrus Logic Headlines

Other Sources

Company News for Feb 2, 2021

By Zacks 2021-02-02

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