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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. Aspen Aerogels's annualized Net Income for the quarter that ended in Sep. 2024 was $-51.9 Mil. Aspen Aerogels's average total tangible assets for the quarter that ended in Sep. 2024 was $765.6 Mil. Therefore, Aspen Aerogels's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -6.78%.
The historical rank and industry rank for Aspen Aerogels's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Aspen Aerogels's highest Return-on-Tangible-Asset was 0.21%. The lowest was -56.38%. And the median was -17.49%.
The historical data trend for Aspen Aerogels'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.
Aspen Aerogels Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -14.38 | -21.71 | -26.46 | -20.02 | -6.80 |
Aspen Aerogels Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -8.56 | -0.32 | -1.05 | 9.30 | -6.78 |
For the Building Products & Equipment subindustry, Aspen Aerogels'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, Aspen Aerogels's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Aspen Aerogels's Return-on-Tangible-Asset falls into.
Aspen Aerogels'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 ) | |||||
= | -45.811 | / | ( (643.416 | + | 703.048) | / 2 ) | |
= | -45.811 | / | 673.232 | ||||
= | -6.80 % |
Aspen Aerogels's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Sep. 2024 ) | (Q: Jun. 2024 ) | (Q: Sep. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Sep. 2024 ) | (Q: Jun. 2024 ) | (Q: Sep. 2024 ) | |||||
= | -51.88 | / | ( (748.629 | + | 782.587) | / 2 ) | |
= | -51.88 | / | 765.608 | ||||
= | -6.78 % |
* 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 (Sep. 2024) net income data.
Aspen Aerogels (NYSE:ASPN) 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 Aspen Aerogels's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Donald R Young | director, officer: President and CEO | C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532 |
Ricardo C. Rodriguez | officer: SVP, CFO & Treasurer | C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532 |
Kathleen Kool | director | 8500 SW CREEKSIDE PLACE, BEAVERTON OR 97008 |
Wood River Capital, Llc | 10 percent owner | 4111 E. 37TH STREET N, WICHITA KS 67220 |
Keith L Schilling | officer: Sr. Vice President, Technology | 24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380 |
Gregg Landes | officer: VP, Innovation & Strategic Dev | C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532 |
Whitaker Corby C | officer: SVP, Sales and Marketing | C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532 |
Santhosh P Daniel | officer: Chief Accounting Officer | C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887 |
Steven R Mitchell | director | C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532 |
Stephanie Pittman | officer: Chief Human Resources Officer | C/O ASPEN AEROGELS, INC., 30 FORBES RD., BUILDING B, NORTHBOROUGH MA 01532 |
Mark L Noetzel | director | 1000 ABERNATHY ROAD N.E., SUITE 1200, ATLANTA GA 30328 |
James E Sweetnam | director | DANA HOLDING CORPORATION, 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537 |
Virginia Johnson | officer: CLO, GC and Secretary | 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532 |
Koch Industries Inc | 10 percent owner | 4111 EAST 37TH STREET NORTH, WICHITA KS 67220 |
Robert M. Gervis | director | 1000 ABERNATHY ROAD N.E., SUITE 1200, ATLANTA GA 30328 |
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