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Value Line (NAS:VALU) Return-on-Tangible-Asset

: 16.33% (As of Jan. 2023)
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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. Value Line's annualized Net Income for the quarter that ended in Jan. 2023 was $20.99 Mil. Value Line's average total tangible assets for the quarter that ended in Jan. 2023 was $128.56 Mil. Therefore, Value Line's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2023 was 16.33%.

The historical rank and industry rank for Value Line's Return-on-Tangible-Asset or its related term are showing as below:

VALU' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.41   Med: 12.94   Max: 20.19
Current: 13.88

During the past 13 years, Value Line's highest Return-on-Tangible-Asset was 20.19%. The lowest was 8.41%. And the median was 12.94%.

VALU's Return-on-Tangible-Asset is ranked better than
89.58% of 787 companies
in the Capital Markets industry
Industry Median: 1.20 vs VALU: 13.88

Value Line Return-on-Tangible-Asset Historical Data

The historical data trend for Value Line'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.

* Premium members only.

Value Line Annual Data
Trend Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.10 13.47 14.85 20.19 19.08

Value Line Quarterly Data
Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.66 11.79 13.93 13.58 16.33

Competitive Comparison

For the Financial Data & Stock Exchanges subindustry, Value Line'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.

   

Value Line Return-on-Tangible-Asset Distribution

For the Capital Markets industry and Financial Services sector, Value Line's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Value Line's Return-on-Tangible-Asset falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Asset's extreme value range as defined by GuruFocus.



Value Line Return-on-Tangible-Asset Calculation

Value Line's annualized Return-on-Tangible-Asset for the fiscal year that ended in Apr. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Apr. 2022 )  (A: Apr. 2021 )(A: Apr. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Apr. 2022 )  (A: Apr. 2021 )(A: Apr. 2022 )
=23.822/( (120.993+128.672)/ 2 )
=23.822/124.8325
=19.08 %

Value Line's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jan. 2023 )  (Q: Oct. 2022 )(Q: Jan. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jan. 2023 )  (Q: Oct. 2022 )(Q: Jan. 2023 )
=20.992/( (127.827+129.295)/ 2 )
=20.992/128.561
=16.33 %

* 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. 2023) net income data.


Value Line  (NAS:VALU) 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 company’s 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 company’s 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.


Value Line Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Value Line's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Value Line (NAS:VALU) Business Description

Value Line logo
Traded in Other Exchanges
N/A
Address
551 Fifth Avenue, 3rd Floor, New York, NY, USA, 10176-0001
Value Line Inc is a U.S based company. It produces investment periodicals based on underlying research and making available copyright data, including ranking system and other information, to third parties under written agreements for use in third-party managed and marketed investment products and for other purposes. The company markets under well-known brands including Value Line, the Value Line logo, The Value Line Investment Survey, Smart Research, Smarter Investing and The Most Trusted Name in Investment Research. Its only operating segment being Publishing.
Executives
Glenn J. Muenzer director 357 HARVARD COURT, EAST MEADOW NY 11554
Howard A Brecher director, officer: Acting Chairman and Acting CEO VALUE LINE 220 E 42ND ST, SUITE 600, NEW YORK NY 10017
Mary Bernstein director 220 E 42ND STREET, NEW YORK NY 10017
Alfred R Fiore director 1 ANGORA ROAD, WESTPORT CT 06880
William Edward Reed director 12 KNORR STREET, NORWALK CT 06854
Stephen P Davis director 57 EAST 95TH STREET, NEW YORK NY 10128
Thomas Sarkany director, officer: Secretary 220 EAST 42ND STREET, 6TH FLOOR, NEW YORK NY 10017
Robert M. Perkins, director 220 EAST 42ND STREET, 6TH FLOOR, NEW YORK CITY NY 10017
Ruth O. Legon, director 220 EAST 42ND STREET, 6TH FLOOR, NEW YORK CITY NY 10017
Janet Eakman director 220 E 42ND STREET, NEW YORK NY 10017
Mitchell Eric Appel officer: CFO VALUE LINE INC, 220 EAST 42ND STREET 6TH FLOOR, NEW YORK NY 10017
Edward J Shanahan director 220 EAST 42 STREET, NEW YORK NY 10017
Marianne B Asher director
Arnold Bernhard & Co Inc 10 percent owner 220 EAST 42ND STREET 6TH FLOOR, NEW YORK NY 10017
Edgar A Buttner director C/O VALUE LINE, 220 E 42ND STREET, NEW YORK NY 10017

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