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. LIN Media LLC's annualizedNet Income for the quarter that ended in Sep. 2014 was €-81.9 Mil. LIN Media LLC's average total tangible assets for the quarter that ended in Sep. 2014 was €333.8 Mil. Therefore, LIN Media LLC's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2014 was -24.55%.
The historical rank and industry rank for LIN Media LLC's Return-on-Tangible-Asset or its related term are showing as below:
FRA:L2M'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -230.54 Med: -1.39 Max: 35.83
Current: -2.04
During the past 13 years, LIN Media LLC's highest Return-on-Tangible-Asset was 35.83%. The lowest was -230.54%. And the median was -1.39%.
FRA:L2M's Return-on-Tangible-Asset is not ranked
in the Media - Diversified industry.
Industry Median: 0.44
vs FRA:L2M: -2.04
LIN Media LLC Return-on-Tangible-Asset Historical Data
The historical data trend for LIN Media LLC'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.
Competitive Comparison of LIN Media LLC's Return-on-Tangible-Asset
For the Broadcasting subindustry, LIN Media LLC'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.
LIN Media LLC's Return-on-Tangible-Asset Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, LIN Media LLC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where LIN Media LLC'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 (Sep. 2014) net income data.
LIN Media LLC (FRA:L2M) 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.
LIN Media LLC Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of LIN Media LLC's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
LIN Media LLC, formerly LIN TV Corp., was incorporated on February 11, 1998. The Company is a local multimedia company that operates or services approximately 43 television stations and seven digital channels in 23 U.S. markets, and a diverse portfolio of web sites, apps and mobile products. Its television stations deliver superior local news, community service, and popular sports and entertainment programming to viewers, reaching U.S. television homes. All of its television stations are affiliated with a national broadcast network and are primarily located in the top 75 Designated Market Areas as measured by Nielsen Media Research. Its digital media division operates from 31 markets across the country, including New York City, Los Angeles, San Francisco, Chicago, Atlanta, Dallas, Detroit and Washington D.C. The Company provides free, over-the-air broadcasts of its programming 24 hours per day to the communities its are licensed to serve. In its local markets, it competes directly against other local broadcast stations and cable networks carried on cable, satellite television and telecommunication systems for audience. It also competes with online video services, including local news websites and websites such as hulu.com, Netflix and Amazon Prime. Its television operations are subject to the jurisdiction of the FCC.
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