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Icon Return-on-Tangible-Asset

: -11.61% (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. Icon's annualized Net Income for the quarter that ended in Sep. 2021 was $-377 Mil. Icon's average total tangible assets for the quarter that ended in Sep. 2021 was $3,249 Mil. Therefore, Icon's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2021 was -11.61%.

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

NAS:ICLR' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.03   Med: 19.02   Max: 23.66
Current: 6.6

3.03
23.66

During the past 13 years, Icon's highest Return-on-Tangible-Asset was 23.66%. The lowest was 3.03%. And the median was 19.02%.

NAS:ICLR's Return-on-Tangible-Asset is ranked higher than
62% of the 248 Companies
in the Medical Diagnostics & Research industry.

( Industry Median: 1.07 vs. NAS:ICLR: 6.60 )

Icon Return-on-Tangible-Asset Historical Data

The historical data trend for Icon'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.

Icon Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.66 22.89 22.64 21.37 15.14

Icon 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 18.48 17.94 15.82 11.65 -11.61

Competitive Comparison

For the Diagnostics & Research subindustry, Icon'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.

   

Icon Return-on-Tangible-Asset Distribution

For the Medical Diagnostics & Research industry and Healthcare sector, Icon's Return-on-Tangible-Asset distribution charts can be found below:

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



Icon Return-on-Tangible-Asset Calculation

Icon's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2020 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2020 )  (A: Dec. 2019 )(A: Dec. 2020 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2020 )  (A: Dec. 2019 )(A: Dec. 2020 )
=332.331/( (1956.448+2432.889)/ 2 )
=332.331/2194.6685
=15.14 %

Icon'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 )
=-377.08/( (2594.007+3904.121)/ 2 )
=-377.08/3249.064
=-11.61 %

* 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.


Icon  (NAS:ICLR) 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.


Icon Return-on-Tangible-Asset Related Terms

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


Icon Business Description

Icon logo
Industry
Traded in Other Exchanges
Address
South County Business Park, Leopardstown, Dublin, IRL, 18
Icon is a global late-stage contract research organization that provides drug development and clinical trial services to pharmaceutical, biotechnology, and medical device firms. While the vast majority of its revenue comes from clinical research, Icon also offers ancillary services such as laboratory and imaging capabilities. The company is headquartered in Ireland.

Icon Headlines

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