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. CPI Card Group's annualizedNet Income for the quarter that ended in Dec. 2023 was $10.9 Mil. CPI Card Group's average total tangible assets for the quarter that ended in Dec. 2023 was $231.1 Mil. Therefore, CPI Card Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 4.73%.
The historical rank and industry rank for CPI Card Group's Return-on-Tangible-Asset or its related term are showing as below:
PMTS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -27.61 Med: 8.99 Max: 21.53
Current: 10.3
During the past 12 years, CPI Card Group's highest Return-on-Tangible-Asset was 21.53%. The lowest was -27.61%. And the median was 8.99%.
PMTS's Return-on-Tangible-Asset is ranked better than 92.34% of 535
companies
in the Credit Services industry
Industry Median: 1.93
vs PMTS: 10.30
CPI Card Group Return-on-Tangible-Asset Historical Data
The historical data trend for CPI Card Group'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.
Competitive Comparison of CPI Card Group's Return-on-Tangible-Asset
For the Credit Services subindustry, CPI Card Group'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.
CPI Card Group's Return-on-Tangible-Asset Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, CPI Card Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CPI Card Group's Return-on-Tangible-Asset falls into.
CPI Card Group Return-on-Tangible-Asset Calculation
CPI Card Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 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 (Dec. 2023) net income data.
CPI Card Group (NAS:PMTS) 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.
CPI Card Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of CPI Card Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
CPI Card Group (CPI Card Group) Business Description
CPI Card Group Inc is a payment technology company engaged in providing financial payment card solutions and services. It offers credit, debit and prepaid cards. The business segments of the group are Debit and Credit, which produces Financial Payment Cards and provides integrated card services to card-issuing banks in the United States, and Prepaid Debit, which provides integrated card services to Prepaid Debit Card program managers in the United States and Others. It derives key revenue from the Debit and Credit segment.
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