What is Rockwell Automation Return-on-Tangible-Asset?
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. Rockwell Automation's annualizedNet Income for the quarter that ended in Dec. 2023 was $861 Mil. Rockwell Automation's average total tangible assets for the quarter that ended in Dec. 2023 was $6,549 Mil. Therefore, Rockwell Automation's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 13.14%.
The historical rank and industry rank for Rockwell Automation's Return-on-Tangible-Asset or its related term are showing as below:
ROK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 9.9 Med: 15.64 Max: 24.03
Current: 16.45
During the past 13 years, Rockwell Automation's highest Return-on-Tangible-Asset was 24.03%. The lowest was 9.90%. And the median was 15.64%.
ROK's Return-on-Tangible-Asset is ranked better than 94.4% of 3018
companies
in the Industrial Products industry
Industry Median: 3.88
vs ROK: 16.45
Rockwell Automation Return-on-Tangible-Asset Historical Data
The historical data trend for Rockwell Automation'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 Rockwell Automation's Return-on-Tangible-Asset
For the Specialty Industrial Machinery subindustry, Rockwell Automation'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.
Rockwell Automation's Return-on-Tangible-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Rockwell Automation's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Rockwell Automation's Return-on-Tangible-Asset falls into.
* 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.
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.
Rockwell Automation Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Rockwell Automation's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Rockwell Automation (Rockwell Automation) Business Description
Rockwell Automation is a pure-play automation competitor that is the successor entity to Rockwell International, which spun off its former Rockwell Collins avionics segment in 2001. As of fiscal 2021, the firm operates through three segments--intelligent devices, software and control, and lifecycle services. Intelligent devices contains its drives, sensors, and industrial components, software and control contains its information and network and security software, while lifecycle services contains its consulting and maintenance services as well as its Sensia JV with SLB.
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