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. Meta Platforms's annualizedNet Income for the quarter that ended in Mar. 2022 was $29,860 Mil. Meta Platforms's average total tangible assets for the quarter that ended in Mar. 2022 was $144,771 Mil. Therefore, Meta Platforms's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2022 was 20.63%.
The historical rank and industry rank for Meta Platforms's Return-on-Tangible-Asset or its related term are showing as below:
FB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.53 Med: 21.15 Max: 31.11
Current: 25.42
During the past 12 years, Meta Platforms's highest Return-on-Tangible-Asset was 31.11%. The lowest was 0.53%. And the median was 21.15%.
FB's Return-on-Tangible-Asset is ranked better than 89.82% of 619
companies
in the Interactive Media industry
Industry Median: 0.87
vs FB: 25.42
Meta Platforms Return-on-Tangible-Asset Historical Data
The historical data trend for Meta Platforms'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.
Meta Platforms Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Return-on-Tangible-Asset
29.31
31.11
19.30
23.00
27.55
Meta Platforms Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Return-on-Tangible-Asset
26.79
28.20
24.43
27.77
20.63
Competitive Comparison
For the Internet Content & Information subindustry, Meta Platforms'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.
Meta Platforms Return-on-Tangible-Asset Distribution
For the Interactive Media industry and Communication Services sector, Meta Platforms's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Meta Platforms's Return-on-Tangible-Asset falls into.
Meta Platforms Return-on-Tangible-Asset Calculation
Meta Platforms's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2021 is calculated as:
* 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 (Mar. 2022) net income data.
Meta Platforms (NAS:FB) 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 companyÂ’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 companyÂ’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.
Meta Platforms Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Meta Platforms's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Meta is the world's largest online social network, with 2.5 billion monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. On the video side, the firm is in the process of building a library of premium content and monetizing it via ads or subscription revenue. Meta refers to this as Facebook Watch. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with 50% coming from the U.S. and Canada and 25% from Europe. With gross margins above 80%, Meta operates at a 30%-plus margin.
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