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. Trinet Group's annualizedNet Income for the quarter that ended in Mar. 2024 was $364 Mil. Trinet Group's average total tangible assets for the quarter that ended in Mar. 2024 was $3,196 Mil. Therefore, Trinet Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 11.39%.
The historical rank and industry rank for Trinet Group's Return-on-Tangible-Asset or its related term are showing as below:
TNET'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.04 Med: 9.03 Max: 12.76
Current: 11.54
During the past 13 years, Trinet Group's highest Return-on-Tangible-Asset was 12.76%. The lowest was 1.04%. And the median was 9.03%.
TNET's Return-on-Tangible-Asset is ranked better than 81.5% of 1081
companies
in the Business Services industry
Industry Median: 4.11
vs TNET: 11.54
Trinet Group Return-on-Tangible-Asset Historical Data
The historical data trend for Trinet 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 Trinet Group's Return-on-Tangible-Asset
For the Staffing & Employment Services subindustry, Trinet 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.
Trinet Group's Return-on-Tangible-Asset Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Trinet Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Trinet Group's Return-on-Tangible-Asset falls into.
Trinet Group Return-on-Tangible-Asset Calculation
Trinet 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 (Mar. 2024) net income data.
Trinet Group (NYSE:TNET) 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.
Trinet Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Trinet Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.
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