Furniture Brands International, (FRA:FBN1) Return-on-Tangible-Asset : -32.29% (As of Jun. 2013)

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What is Furniture Brands International, 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. Furniture Brands International,'s annualized Net Income for the quarter that ended in Jun. 2013 was €-123.8 Mil. Furniture Brands International,'s average total tangible assets for the quarter that ended in Jun. 2013 was €383.2 Mil. Therefore, Furniture Brands International,'s annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2013 was -32.29%.

The historical rank and industry rank for Furniture Brands International,'s Return-on-Tangible-Asset or its related term are showing as below:

FRA:FBN1's Return-on-Tangible-Asset is not ranked ^*
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 3.37
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Furniture Brands International, Return-on-Tangible-Asset Historical Data

The historical data trend for Furniture Brands International,'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.

Furniture Brands International, Return-on-Tangible-Asset Chart

Furniture Brands International, Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Return-on-Tangible-Asset

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-40.11

-13.49

-6.51

-7.79

-8.77

Furniture Brands International, Quarterly Data
	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13
Return-on-Tangible-Asset	Get a 7-Day Free Trial															-5.04	-12.62	-16.34	-16.07	-32.29

Competitive Comparison of Furniture Brands International,'s Return-on-Tangible-Asset

For the Furnishings, Fixtures & Appliances subindustry, Furniture Brands International,'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.

Furniture Brands International,'s Return-on-Tangible-Asset Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Furniture Brands International,'s Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Furniture Brands International,'s Return-on-Tangible-Asset falls into.

Furniture Brands International, Return-on-Tangible-Asset Calculation

Furniture Brands International,'s annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2012 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	-36.019	/	( (408.111	+	413.26)	/ 2 )
	=	-36.019	/	410.6855
	=	-8.77 %

Furniture Brands International,'s annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2013 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Jun. 2013 )		(Q: Mar. 2013 )		(Q: Jun. 2013 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Jun. 2013 )		(Q: Mar. 2013 )		(Q: Jun. 2013 )
	=	-123.768	/	( (401.6	+	364.896)	/ 2 )
	=	-123.768	/	383.248
	=	-32.29 %

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 (Jun. 2013) net income data.

Furniture Brands International, (FRA:FBN1) 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.

Furniture Brands International, Return-on-Tangible-Asset Related Terms

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Furniture Brands International, (FRA:FBN1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Furniture Brands International, Inc. (FRA:FBN1) » Definitions » Return-on-Tangible-Asset

Traded in Other Exchanges

N/A

Address

Website

http://www.furniturebrands.com

Furniture Brands International, Inc., is a Delaware corporation, which was organized in 1921 as a holding company. The Company is engaged in designing, manufacturing, sourcing and retailing of home furnishings. It markets products through a wide range of channels, including its own Thomasville retail stores and through interior designers, multi-line/independent retailers and mass merchant stores. Its portfolio includes Thomasville, Broyhill, Lane, Drexel Heritage, Henredon, Pearson, Hickory Chair, Lane Venture, Maitland-Smith and La Barge. Through these brands, the Company offers case goods, consisting of bedroom, dining room, and living room wood furniture; stationary upholstery products, consisting of sofas, loveseats, sectionals, and chairs; motion upholstered furniture, consisting of recliners and sleep sofas; occasional furniture, consisting of wood, metal and glass tables, accent pieces, home entertainment centers, and home office furniture; and decorative accessories and accent pieces. The Company's brands are featured in every price and product category in the residential furniture industry. Each of its brands targets specific customers in relation to style and price point. The raw materials used in manufacturing its products include lumber, veneers, plywood, fiberboard, particleboard, steel, paper, hardware, adhesives, finishing materials, glass, mirrored glass, fabrics, leathers, metals, stone, synthetics and upholstered filling material. The Company's products compete against domestic manufacturers, importers, and foreign manufacturers entering the United States market; as well as increased direct importing by some larger retailers. Its competitors include: Ashley Furniture Industries, Inc.; La-Z-Boy Incorporated; Ethan Allen Interiors Inc., and many other home furnishings retailers and manufacturers. The elements of competition include price, style, quality, service, brand and marketing.

Furniture Brands International, (FRA:FBN1) Headlines

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