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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. FalconStor Software's annualized Net Income for the quarter that ended in Sep. 2024 was $2.71 Mil. FalconStor Software's average total tangible assets for the quarter that ended in Sep. 2024 was $6.70 Mil. Therefore, FalconStor Software's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 40.44%.
The historical rank and industry rank for FalconStor Software's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, FalconStor Software's highest Return-on-Tangible-Asset was 23.61%. The lowest was -59.01%. And the median was -7.62%.
The historical data trend for FalconStor Software'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.
FalconStor Software Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -15.11 | 10.48 | -0.48 | -25.03 | 13.93 |
FalconStor Software Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Jun24 | Sep24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -35.40 | 66.76 | 51.61 | -1.75 | 40.44 |
For the Software - Application subindustry, FalconStor Software'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 Software industry and Technology sector, FalconStor Software's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where FalconStor Software's Return-on-Tangible-Asset falls into.
FalconStor Software'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 ) | |||||
= | 0.978 | / | ( (5.947 | + | 8.099) | / 2 ) | |
= | 0.978 | / | 7.023 | ||||
= | 13.93 % |
FalconStor Software'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 ) | |||||
= | 2.708 | / | ( (6.058 | + | 7.334) | / 2 ) | |
= | 2.708 | / | 6.696 | ||||
= | 40.44 % |
* 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.
FalconStor Software (OTCPK:FALC) 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 FalconStor Software's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Todd Brooks | officer: Chief Executive Officer | C/O NOVATION COMPANIES, INC., 2 HUNTINGTON QUADRANGLE, SUITE 2S01, MELVILLE NY 11747 |
Vincent Sita | officer: Chief Financial Officer | C/O FALCONSTOR SOFTWARE, INC., 701 BRAZOS STREET, SUITE 400, AUSTIN TX 78701 |
Michael P Kelly | director | |
Brad Wolfe | officer: Chief Financial Officer | C/O FALCONSTOR SOFTWARE, INC., 701 BRAZOS STREET, SUITE 400, AUSTIN TX 78701 |
Hcp-fva, Llc | director, 10 percent owner | 17 STATE STREET, SUITE 3230, NEW YORK NY 10004 |
Esw Capital, Llc | 10 percent owner | 401 CONGRESS AVENUE, SUITE 2650, AUSTIN TX 78701 |
Joseph Liemandt | 10 percent owner | 5001 PLAZA ON THE LAKE, AUSTIN TX 78746 |
Patrick Mcclain | officer: EVP, CFO & Treasurer | C/O FALCONSTOR SOFTWARE, INC., 2 HUNTINGTON QUADRANGLE, SUITE 2S01, MELVILLE NY 11747 |
Todd Oseth | officer: CEO & President | C/O MCDATA CORPORATION, 380 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021 |
William D Miller | director | |
Barry Rudolph | director | 1351 S SUNSET STREET, LONGMONT CO 80501 |
Daniel Murale | officer: VP of Finance & Interim CFO | C/O FALCONSTOR SOFTWARE, INC., 2 HUNTINGTON QUADRANGLE, SUITE 2S01, MELVILLE NY 11747 |
Gary Quinn | officer: COO and EVP | C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749 |
Alan Komet | officer: EVP Worldwide Field Operations | 2 HUNTINGTON QUADRANGLE, MELVILLE NY 11747 |
Hale Martin M Jr | director, 10 percent owner |
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