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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. Willdan Group's annualized Net Income for the quarter that ended in Dec. 2023 was $32.1 Mil. Willdan Group's average total tangible assets for the quarter that ended in Dec. 2023 was $244.4 Mil. Therefore, Willdan Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 13.14%.
The historical rank and industry rank for Willdan Group's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Willdan Group's highest Return-on-Tangible-Asset was 21.51%. The lowest was -6.53%. And the median was 6.27%.
The historical data trend for Willdan 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.
Willdan Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 2.46 | -6.53 | -4.01 | -3.76 | 4.45 |
Willdan Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -0.74 | 1.61 | 0.70 | 2.70 | 13.14 |
For the Engineering & Construction subindustry, Willdan 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.
For the Construction industry and Industrials sector, Willdan Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Willdan Group's Return-on-Tangible-Asset falls into.
Willdan Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 10.926 | / | ( (238.064 | + | 252.488) | / 2 ) | |
= | 10.926 | / | 245.276 | ||||
= | 4.45 % |
Willdan Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 32.124 | / | ( (236.321 | + | 252.488) | / 2 ) | |
= | 32.124 | / | 244.4045 | ||||
= | 13.14 % |
* 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.
Willdan Group (NAS:WLDN) 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.
Thank you for viewing the detailed overview of Willdan Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Creighton K Early | officer: Vice President and CFO | C/O WILLDAN GROUP INC., 2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806 |
Michael A Bieber | officer: SVP, Corporate Development | 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107 |
Thomas Donald Brisbin | director, officer: President and CEO | 2401 E. KATELLA AVENUE, #300, ANAHEIM CA 92806 |
Micah Chen | officer: General Counsel | 2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806 |
Forager Fund, L.p. | 10 percent owner | C/O FORAGER CAPITAL MANAGEMENT, LLC, 2024 3RD AVE N SUITE 201, BIRMINGHAM AL 35203 |
Robert Symmes Macarthur | 10 percent owner | C/O FORAGER CAPITAL MANAGEMENT, LLC, 2024 3RD AVE. N, SUITE 201, BIRMINGHAM AL 35203 |
Edward Urban Kissel | 10 percent owner | C/O FORAGER CAPITAL MANAGEMENT, LLC, 2024 3RD AVE. N, SUITE 201, BIRMINGHAM AL 35203 |
Mohammad Shahidehpour | director | 2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806 |
Keith W Renken | director | PACIFIC GULF PROPERTIES INC, 4220 VON KARMAN SECOND FLOOR, NEWPORT BEACH CA 92660-2002 |
Dennis V Mcginn | director | 46415 MILLSTONE LANDING ROAD, LEXINGTON PARK MD 20653 |
Paul Milton Whitelaw | officer: SVP, Business Development | 2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806 |
Wanda Kay Reder | director | C/O WILLDAN GROUP, 2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806 |
Adam C Procell | officer: EVP, Chief Strategy Officer | C/O WILLDAN, 12401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806 |
Cynthia Downes | director | C/O WILLDAN GROUP, INC., 2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806 |
Stacy B. Mclaughlin | officer: Chief Financial Officer | 2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806 |
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