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TE Connectivity Return-on-Tangible-Asset

: 22.32% (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. TE Connectivity's annualized Net Income for the quarter that ended in Sep. 2021 was $3,176 Mil. TE Connectivity's average total tangible assets for the quarter that ended in Sep. 2021 was $14,232 Mil. Therefore, TE Connectivity's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2021 was 22.32%.

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

NYSE:TEL' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.94   Med: 14.87   Max: 20.59
Current: 16.57

-1.94
20.59

During the past 13 years, TE Connectivity's highest Return-on-Tangible-Asset was 20.59%. The lowest was -1.94%. And the median was 14.87%.

NYSE:TEL's Return-on-Tangible-Asset is ranked higher than
93% of the 2350 Companies
in the Hardware industry.

( Industry Median: 3.69 vs. NYSE:TEL: 16.57 )

TE Connectivity Return-on-Tangible-Asset Historical Data

The historical data trend for TE Connectivity'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.

TE Connectivity Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.20 20.59 14.54 -1.94 16.91

TE Connectivity 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 7.51 11.86 14.80 16.44 22.32

Competitive Comparison

For the Electronic Components subindustry, TE Connectivity'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.

   

TE Connectivity Return-on-Tangible-Asset Distribution

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

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



TE Connectivity Return-on-Tangible-Asset Calculation

TE Connectivity's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2021 )  (A: Sep. 2020 )(A: Sep. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2021 )  (A: Sep. 2020 )(A: Sep. 2021 )
=2261/( (12425+14323)/ 2 )
=2261/13374
=16.91 %

TE Connectivity'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 )
=3176/( (14141+14323)/ 2 )
=3176/14232
=22.32 %

* 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.


TE Connectivity  (NYSE:TEL) 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.


TE Connectivity Return-on-Tangible-Asset Related Terms

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


TE Connectivity Business Description

TE Connectivity logo
Industry
Technology » Hardware NAICS : 334419 SIC : 3679
Traded in Other Exchanges
Address
Muhlenstrasse 26, Schaffhausen, CHE, CH-8200
TE Connectivity is the largest electrical connector supplier in the world, supplying interconnect and sensor solutions to the transportation, industrial, and communications markets. With operations in 150 countries and over 500,000 stock-keeping units, TE Connectivity has a broad portfolio that forms the electrical architecture of its end customers' cutting-edge innovations.
Executives
Stucki Aaron Kyle officer: Pres. Communications Solutions 1050 WESTLAKES DRIVE BERWYN PA 19312
Jenkins John S officer: EVP & General Counsel 1050 WESTLAKES DRIVE BERWYN PA 19312
Mitts Heath A officer: EVP & Chief Financial Officer 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Rock Kevin N officer: President, Industrial Solution 1050 WESTLAKES DRIVE BERWYN PA 19312
Calastri Mario officer: SVP & Treasurer C/O TYCO ELECTRONICS LTD. 1050 WESTLAKES DRIVE BERWYN PA 19312
Resch Eric officer: Sr VP & Chief Tax Officer C/O TYCO ELECTRONICS LTD. 1050 WESTLAKES DRIVE BERWYN PA 19312
Phelan Daniel J director C/O TYCO ELECTRONICS LTD. 1050 WESTLAKES DRIVE BERWYN PA 19312
Dugle Lynn A director 4803 STONECROFT BOULEVARD CHANTILLY VA 20151
Willoughby Dawn C director 1221 BROADWAY OAKLAND CA 94612
Merkt Steven T officer: President, Transportation Sol. 1050 WESTLAKES DRIVE BERWYN PA 19312
Lynch Thomas J director 1303 E ALGONQUIN RD SCHAUMBURG IL 60196
Curtin Terrence R director, officer: Chief Exec. Officer & Director C/O TYCO ELECTRONICS LTD. 1050 WESTLAKES DRIVE BERWYN PA 19312
Kroeger Shadrak W officer: Pres., Communications Solution 1050 WESTLAKES DRIVE BERWYN PA 19312
Murphy Tim officer: SVP & CHRO 1050 WESTLAKES DRIVE BERWYN PA 19312
Ott Robert J officer: Sr VP & Corporate Controller C/O TYCO ELECTRONICS LTD 1050 WESTLAKES DRIVE BERWYN PA 19312

TE Connectivity Headlines

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