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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. Valmont Industries's annualized Net Income for the quarter that ended in Dec. 2023 was $114 Mil. Valmont Industries's average total tangible assets for the quarter that ended in Dec. 2023 was $2,702 Mil. Therefore, Valmont Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 4.23%.
The historical rank and industry rank for Valmont Industries's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Valmont Industries's highest Return-on-Tangible-Asset was 9.64%. The lowest was 1.99%. And the median was 6.60%.
The historical data trend for Valmont Industries'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.
For the Conglomerates subindustry, Valmont Industries'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.
For the Conglomerates industry and Industrials sector, Valmont Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Valmont Industries's Return-on-Tangible-Asset falls into.
Valmont Industries's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 143.475 | / | ( (2640.52 | + | 2693.797) | / 2 ) | |
= | 143.475 | / | 2667.1585 | ||||
= | 5.38 % |
Valmont Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 114.348 | / | ( (2710.91 | + | 2693.797) | / 2 ) | |
= | 114.348 | / | 2702.3535 | ||||
= | 4.23 % |
* 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 (Dec. 2023) net income data.
Valmont Industries (NYSE:VMI) 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 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.
Thank you for viewing the detailed overview of Valmont Industries's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Aaron M Schapper | officer: EVP Infrastructure | VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68154 |
Theodor Werner Freye | director | VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68154 |
John Timothy Donahue | officer: EVP, Corp/Business Development | VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68135 |
Stephen G Kaniewski | officer: President & COO | 15000 VALMONT PLAZA, 15000 VALMONT PLAZA, OMAHA NE 68154 |
Daas Kaj Den | director | EIFELLAAN #3, 5691 GW, SON EN BREUGEL P7 00000 |
Gene Padgett | officer: CAO | VALMONT INDUSTRIES, INC., 15000 VALMONT PLAZA, OMAHA NE 68154 |
Timothy Francis | officer: VP Corporate Controller | VALMONT INDUSTRIES, INC., 15000 VALMONT PLAZA, OMAHA NE 68154-5215 |
Thomas Mitchell Parnell | officer: SVP, Human Resources | VALMONT INDUSTRIES, INC., 15000 VALMONT PLAZA, OMAHA NE 68154 |
Renee L Campbell | officer: SVP, Investor Relations, Treas | VALMONT INDUSTRIES, 15000 VALMONT PLAZA, OMAHA NE 68154 |
R Andrew Massey | officer: VP, Legal and Compliance | VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68154 |
James B. Milliken | director | ONE VALMONT PLAZA, 13815 FIRST NATIONAL BANK PARKWAY, OMAHA NE 68135 |
Mogens C Bay | director, officer: Chairman and CEO | 15000 VALMONT PLAZA, OMAHA NE 68154 |
Randt Clark T. Jr. | director | ONE VALMONT PLAZA, 13815 FIRST NATIONAL BANK PARKWAY, OMAHA NE 68154 |
Joan Robinson-berry | director | VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68175 |
Ritu Favre | director | 12367 CROSTHWAITE CIRCLE, POWAY CA 92064 |
From GuruFocus
By Business Wire 01-09-2023
By Business Wire 04-24-2023
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