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FULO (Fullnet Communications) Return-on-Tangible-Asset : 11.92% (As of Dec. 2023)


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What is Fullnet Communications 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. Fullnet Communications's annualized Net Income for the quarter that ended in Dec. 2023 was $0.40 Mil. Fullnet Communications's average total tangible assets for the quarter that ended in Dec. 2023 was $3.39 Mil. Therefore, Fullnet Communications's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 11.92%.

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

FULO's Return-on-Tangible-Asset is not ranked *
in the Telecommunication Services industry.
Industry Median: 3.15
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Fullnet Communications Return-on-Tangible-Asset Historical Data

The historical data trend for Fullnet Communications'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.

Fullnet Communications Return-on-Tangible-Asset Chart

Fullnet Communications Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.90 57.51 31.72 20.98 16.17

Fullnet Communications Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.27 18.47 20.09 13.63 11.92

Competitive Comparison of Fullnet Communications's Return-on-Tangible-Asset

For the Telecom Services subindustry, Fullnet Communications'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.


Fullnet Communications's Return-on-Tangible-Asset Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Fullnet Communications's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Fullnet Communications's Return-on-Tangible-Asset falls into.


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Fullnet Communications Return-on-Tangible-Asset Calculation

Fullnet Communications'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 )
=0.532/( (3.176+3.403)/ 2 )
=0.532/3.2895
=16.17 %

Fullnet Communications's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=0.404/( (3.378+3.403)/ 2 )
=0.404/3.3905
=11.92 %

* 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 (Dec. 2023) net income data.


Fullnet Communications  (OTCPK:FULO) 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.


Fullnet Communications Return-on-Tangible-Asset Related Terms

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Fullnet Communications Business Description

Traded in Other Exchanges
N/A
Address
201 Robert S. Kerr Avenue, Suite 210, Oklahoma City, OK, USA, 73102
Fullnet Communications Inc is an integrated communications provider. The company through its subsidiaries, provides high quality, reliable and scalable Internet access, web hosting, local telephone service, equipment colocation, customized live help desk outsourcing services, mass notification services using text messages and automated telephone calls, as well as advanced voice and data solutions. The company derives the majority of its revenue and its customers from three primary types of service Mass notification services using text messages and automated telephone calls; Equipment colocation and related services; and Customized live help desk outsourcing service.
Executives
Timothy J Kilkenny director, 10 percent owner, officer: Chief Executive Officer 201 ROBERT S KERR AVE STE 210, OKLAHOMA CITY OK 73102
Roger P Baresel director, officer: President & CFO 201 ROBERT S KERR AVE STE 210, OKLAHOMA CITY OK 73102
Michael D Tomas officer: Vice President 201 ROBERT S KERR AVENUE STE. 210, OKLAHJOMA CITY OK 73102
Theodore S Williams officer: Vice President 201 ROBERT S KERR AVENUE STE. 210, OKLAHJOMA CITY OK 73102
Jason C Ayers officer: Vice President 201 ROBERT S KERR AVE STE 210, OKLAHOMA CITY OK 73102
Patricia R Shurley officer: Vice President 201 ROBERT S KERR AVE STE 210, OKLAHOMA CITY OK 73102

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