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TSB Banking Group (LSE:TSB) Return-on-Tangible-Asset : 0.00% (As of Dec. 2015)


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What is TSB Banking Group 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. TSB Banking Group's annualized Net Income for the quarter that ended in Dec. 2015 was £0.0 Mil. TSB Banking Group's average total tangible assets for the quarter that ended in Dec. 2015 was £29,836.8 Mil. Therefore, TSB Banking Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2015 was 0.00%.

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

LSE:TSB' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.12   Med: 0.3   Max: 0.75
Current: 0.19

During the past 5 years, TSB Banking Group's highest Return-on-Tangible-Asset was 0.75%. The lowest was 0.12%. And the median was 0.30%.

LSE:TSB's Return-on-Tangible-Asset is not ranked
in the Banks industry.
Industry Median: 0.89 vs LSE:TSB: 0.19

TSB Banking Group Return-on-Tangible-Asset Historical Data

The historical data trend for TSB Banking Group'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.

TSB Banking Group Return-on-Tangible-Asset Chart

TSB Banking Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15
Return-on-Tangible-Asset
0.23 0.11 0.74 0.52 0.30

TSB Banking Group Quarterly Data
Dec11 Dec12 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Dec15
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.39 0.10 0.39 -0.10 -

Competitive Comparison of TSB Banking Group's Return-on-Tangible-Asset

For the Banks - Regional subindustry, TSB Banking Group'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.


TSB Banking Group's Return-on-Tangible-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, TSB Banking Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where TSB Banking Group's Return-on-Tangible-Asset falls into.


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TSB Banking Group Return-on-Tangible-Asset Calculation

TSB Banking Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2015 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2015 )  (A: Dec. 2014 )(A: Dec. 2015 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2015 )  (A: Dec. 2014 )(A: Dec. 2015 )
=88.8/( (27171.4+31618)/ 2 )
=88.8/29394.7
=0.30 %

TSB Banking Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2015 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2015 )  (Q: Jun. 2015 )(Q: Dec. 2015 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2015 )  (Q: Jun. 2015 )(Q: Dec. 2015 )
=0/( (28055.5+31618)/ 2 )
=0/29836.75
=0.00 %

* 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. 2015) net income data.


TSB Banking Group  (LSE:TSB) 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.


TSB Banking Group Return-on-Tangible-Asset Related Terms

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TSB Banking Group Business Description

Traded in Other Exchanges
N/A
Address
TSB Banking Group PLC is a United Kingdom-based company engaged in banking business. It offers products and services to personal and small business customers. The segment in which the group operates include Franchise, Mortgage Enhancement, and Whistletree Loans. The bank provides current account service, saving account, mortgage, credit card, insurance and loan facilities. Business activity of the bank is primarily functioned through the United Kingdom.

TSB Banking Group Headlines

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