GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Entertainment Arts Research Inc (OTCPK:EARI) » Definitions » Return-on-Tangible-Asset

Entertainment Arts Research (Entertainment Arts Research) Return-on-Tangible-Asset : 0.00% (As of . 20)


View and export this data going back to 2011. Start your Free Trial

What is Entertainment Arts Research Return-on-Tangible-Asset?

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. Entertainment Arts Research's annualized Net Income for the quarter that ended in . 20 was $ Mil. Entertainment Arts Research's average total tangible assets for the quarter that ended in . 20 was $ Mil. Therefore, Entertainment Arts Research's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 was 0.00%.

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

EARI's Return-on-Tangible-Asset is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 4.415
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Entertainment Arts Research Return-on-Tangible-Asset Historical Data

The historical data trend for Entertainment Arts Research'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.

Entertainment Arts Research Return-on-Tangible-Asset Chart

Entertainment Arts Research Annual Data
Trend
Return-on-Tangible-Asset

Entertainment Arts Research Quarterly Data
Return-on-Tangible-Asset

Competitive Comparison of Entertainment Arts Research's Return-on-Tangible-Asset

For the Beverages - Brewers subindustry, Entertainment Arts Research'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.


Entertainment Arts Research's Return-on-Tangible-Asset Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Entertainment Arts Research's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Entertainment Arts Research's Return-on-Tangible-Asset falls into.



Entertainment Arts Research Return-on-Tangible-Asset Calculation

Entertainment Arts Research's annualized Return-on-Tangible-Asset for the fiscal year that ended in . 20 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=/( (+)/ )
=/
= %

Entertainment Arts Research's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: . 20 )  (Q: . 20 )(Q: . 20 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: . 20 )  (Q: . 20 )(Q: . 20 )
=/( (+)/ )
=/
= %

* 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 (. 20) net income data.


Entertainment Arts Research  (OTCPK:EARI) 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.


Entertainment Arts Research Return-on-Tangible-Asset Related Terms

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


Entertainment Arts Research (Entertainment Arts Research) Business Description

Traded in Other Exchanges
N/A
Address
19109 West Catawba Avenue, Suite 200, Cornelius, NC, USA, 28031
Entertainment Arts Research Inc is a United States based the packaged consumer goods in the beverage market segment. The company focuses on growth opportunities of early stage brands in the beverage industry, that can scale rapidly by taking advantage of the group's specialty beverage marketing operations.