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. Alpha Pro Tech's annualizedNet Income for the quarter that ended in Dec. 2023 was $4.24 Mil. Alpha Pro Tech's average total tangible assets for the quarter that ended in Dec. 2023 was $66.63 Mil. Therefore, Alpha Pro Tech's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 6.37%.
The historical rank and industry rank for Alpha Pro Tech's Return-on-Tangible-Asset or its related term are showing as below:
APT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.58 Med: 7.92 Max: 50.43
Current: 6.42
During the past 13 years, Alpha Pro Tech's highest Return-on-Tangible-Asset was 50.43%. The lowest was 2.58%. And the median was 7.92%.
APT's Return-on-Tangible-Asset is ranked better than 73.96% of 1663
companies
in the Construction industry
Industry Median: 2.75
vs APT: 6.42
Alpha Pro Tech Return-on-Tangible-Asset Historical Data
The historical data trend for Alpha Pro Tech'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 Alpha Pro Tech's Return-on-Tangible-Asset
For the Building Products & Equipment subindustry, Alpha Pro Tech'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.
Alpha Pro Tech's Return-on-Tangible-Asset Distribution in the Construction Industry
For the Construction industry and Industrials sector, Alpha Pro Tech's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Alpha Pro Tech's Return-on-Tangible-Asset falls into.
Alpha Pro Tech Return-on-Tangible-Asset Calculation
Alpha Pro Tech'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 (Dec. 2023) net income data.
Alpha Pro Tech (AMEX:APT) 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.
Alpha Pro Tech Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Alpha Pro Tech's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Alpha Pro Tech (Alpha Pro Tech) Business Description
Alpha Pro Tech Ltd is involved in the business of developing, manufacturing, and marketing of disposable protective apparel, building supply, and infection control products principally in the United States. It operates its business through segment which includes Building Supply and Disposable Protective Apparel. It mainly offers a line of construction supply weatherization products, namely house wrap and synthetic roof underlayment as well as other woven material, different styles of disposable products like shoe covers, bouffant caps, gowns, coveralls, lab coats, frocks and other miscellaneous products. It also provides face masks and eye shields. It generates most of its revenues from the sale of products across the United States.
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