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. Titan Machinery's annualizedNet Income for the quarter that ended in Jan. 2024 was $96 Mil. Titan Machinery's average total tangible assets for the quarter that ended in Jan. 2024 was $1,738 Mil. Therefore, Titan Machinery's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 was 5.52%.
The historical rank and industry rank for Titan Machinery's Return-on-Tangible-Asset or its related term are showing as below:
TITN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.21 Med: 1.59 Max: 9.86
Current: 7.59
During the past 13 years, Titan Machinery's highest Return-on-Tangible-Asset was 9.86%. The lowest was -3.21%. And the median was 1.59%.
TITN's Return-on-Tangible-Asset is ranked better than 67.59% of 145
companies
in the Industrial Distribution industry
Industry Median: 5.17
vs TITN: 7.59
Titan Machinery Return-on-Tangible-Asset Historical Data
The historical data trend for Titan Machinery'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 Titan Machinery's Return-on-Tangible-Asset
For the Industrial Distribution subindustry, Titan Machinery'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.
Titan Machinery's Return-on-Tangible-Asset Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Titan Machinery's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Titan Machinery'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 (Jan. 2024) 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.
Titan Machinery Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Titan Machinery's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Titan Machinery (Titan Machinery) Business Description
Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the International segment sells services, rents machinery, and related parts.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TITN has been successfully added to your 