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. Epic's annualizedNet Income for the quarter that ended in . 20 was $ Mil. Epic's average total tangible assets for the quarter that ended in . 20 was $ Mil. Therefore, Epic's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 was 0.00%.
The historical rank and industry rank for Epic's Return-on-Tangible-Asset or its related term are showing as below:
EPOR's Return-on-Tangible-Asset is not ranked *
in the Credit Services industry.
Industry Median: 1.69 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Epic Return-on-Tangible-Asset Historical Data
The historical data trend for Epic'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.
Epic Return-on-Tangible-Asset Chart
Epic Annual Data
Trend
Return-on-Tangible-Asset
Epic Quarterly Data
Return-on-Tangible-Asset
Competitive Comparison of Epic's Return-on-Tangible-Asset
For the Credit Services subindustry, Epic'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.
Epic's Return-on-Tangible-Asset Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Epic's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Epic's Return-on-Tangible-Asset falls into.
* 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.
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.
Epic Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Epic's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Epic Corp is a special purpose vehicle providing turn-key solutions to qualified companies to enable them to raise capital and to provide investors an exit strategy through the EPIC Process. The turn-key solutions include exempted transactions from registration of short and long term integrated private and public solicitations of capital that provide a builtin exit strategy. The EPIC Process enables a qualified private company through a qualified private placement or a qualified merger to raise capital at a low cost, in the short and long term, while establishing a built-in exit strategy. The exit strategy enables it to become a development stage public company that will have a higher intrinsic value then remaining private and provide a basis for raising additional capital at a lower cost.
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