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. DocuSign's annualizedNet Income for the quarter that ended in Jul. 2020 was $-258 Mil. DocuSign's average total tangible assets for the quarter that ended in Jul. 2020 was $1,622 Mil. Therefore, DocuSign's annualized Return-on-Tangible-Asset for the quarter that ended in Jul. 2020 was -15.92%.
NAS:DOCU'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -44.55 Med: -26.82 Max: -10.36
Current: -13.04
-44.55
-
-10.36
During the past 5 years, DocuSign's highest Return-on-Tangible-Asset was -10.36%. The lowest was -44.55%. And the median was -26.82%.
NAS:DOCU's Return-on-Tangible-Asset is ranked lower than
71% of the 2230
Companies
in the Software industry.
( Industry Median: 2.40
vs. NAS:DOCU: -13.04
)
DocuSign Return-on-Tangible-Asset Historical Data
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
* Premium members only.
DocuSign Annual Data
Jan16
Jan17
Jan18
Jan19
Jan20
Return-on-Tangible-Asset
-29.21
-26.82
-10.36
-44.55
-13.96
DocuSign Quarterly Data
Jan16
Jan17
Apr17
Jul17
Oct17
Jan18
Apr18
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Return-on-Tangible-Asset
-18.45
-12.30
-11.96
-11.53
-15.92
Competitive Comparison
* 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.
DocuSign Return-on-Tangible-Asset Distribution
* The bar in red indicates where DocuSign's Return-on-Tangible-Asset falls into.
DocuSign Return-on-Tangible-Asset Calculation
DocuSign's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jan. 2020 is calculated as:
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 (Jul. 2020) 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.
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