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Qualcomm Return-on-Tangible-Asset

: 27.82% (As of Jun. 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. Qualcomm's annualized Net Income for the quarter that ended in Jun. 2021 was $8,108 Mil. Qualcomm's average total tangible assets for the quarter that ended in Jun. 2021 was $29,142 Mil. Therefore, Qualcomm's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2021 was 27.82%.

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

NAS:QCOM' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.66   Med: 16.74   Max: 32.93
Current: 32.93

-12.66
32.93

During the past 13 years, Qualcomm's highest Return-on-Tangible-Asset was 32.93%. The lowest was -12.66%. And the median was 16.74%.

NAS:QCOM's Return-on-Tangible-Asset is ranked higher than
92% of the 221 Companies
in the Semiconductors industry.

( Industry Median: -1.61 vs. NAS:QCOM: 32.93 )

Qualcomm Return-on-Tangible-Asset Historical Data

The historical data trend for Qualcomm'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.

Qualcomm Annual Data
Trend Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.46 4.97 -12.66 18.36 19.95

Qualcomm Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 14.07 45.63 34.34 24.36 27.82

Competitive Comparison

For the Semiconductors subindustry, Qualcomm'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.

   

Qualcomm Return-on-Tangible-Asset Distribution

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

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



Qualcomm Return-on-Tangible-Asset Calculation

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2020 )  (A: Sep. 2019 )(A: Sep. 2020 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2020 )  (A: Sep. 2019 )(A: Sep. 2020 )
=5198/( (24503+27618)/ 2 )
=5198/26060.5
=19.95 %

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2021 )  (Q: Mar. 2021 )(Q: Jun. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2021 )  (Q: Mar. 2021 )(Q: Jun. 2021 )
=8108/( (28286+29998)/ 2 )
=8108/29142
=27.82 %

* 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 (Jun. 2021) net income data.


Qualcomm  (NAS:QCOM) 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.


Qualcomm Return-on-Tangible-Asset Related Terms

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


Qualcomm Business Description

Qualcomm logo
Industry
Technology » Semiconductors NAICS : 334118 SIC : 3577
Address
5775 Morehouse Drive, San Diego, CA, USA, 92121-1714
Qualcomm develops and licenses wireless technology and also designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G and 4G networks. The firm is a leader in 5G network technology as well. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors.
Executives
Amon Cristiano R officer: President 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Rosenberg Donald J officer: EVP & General Counsel QUALCOMM INCORPORATED 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Rogers Alexander H officer: EVP & President, QTL 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Modoff Brian officer: EVP, Strategy and M&A 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Thompson James H officer: EVP, Engineering & CTO 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Mollenkopf Steven M director, officer: Chief Executive Officer 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Mclaughlin Mark D director C/O PALO ALTO NETWORKS, INC. 4401 GREAT AMERICA PKWY SANTA CLARA CA 95054
Miller Jamie S director GENERAL ELECTRIC COMPANY 5 NECCO STREET BOSTON MA 02210
Fields Mark director FORD MOTOR COMPANY ONE AMERICAN ROAD DEARBORN MI 48126
Smit Neil director C/O AMERICA ONLINE LATIN AMERICA, INC. 6600 N. ANDREWS AVE., SUITE 400 FT. LAUDERDALE FL 33309
Palkhiwala Akash J. officer: EVP & Chief Financial Officer 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Polek Erin L officer: SVP & Chief Accounting Officer 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Tricoire Jean-pascal director 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Ace Heather S officer: EVP, Human Resources 3721 VALLEY CENTRE DR SUITE 500 SAN DIEGO CA 92130
Rosenfeld Irene B director 110 SE 6TH STREET 20TH FLOOR FORT LAUDERDALE FL 33301

Qualcomm Headlines

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