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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. NorthStar Healthcareome's annualized Net Income for the quarter that ended in Dec. 2023 was $-295.8 Mil. NorthStar Healthcareome's average total tangible assets for the quarter that ended in Dec. 2023 was $1,095.7 Mil. Therefore, NorthStar Healthcareome's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -27.00%.
The historical rank and industry rank for NorthStar Healthcareome's Return-on-Tangible-Asset or its related term are showing as below:
During the past 11 years, NorthStar Healthcareome's highest Return-on-Tangible-Asset was 1.52%. The lowest was -13.68%. And the median was -5.26%.
The historical data trend for NorthStar Healthcareome'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.
NorthStar Healthcareome Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -3.55 | -13.06 | 1.52 | -4.09 | -13.68 |
NorthStar Healthcareome 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 | -5.95 | -4.54 | -19.59 | -3.94 | -27.00 |
For the REIT - Healthcare Facilities subindustry, NorthStar Healthcareome'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 REITs industry and Real Estate sector, NorthStar Healthcareome's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NorthStar Healthcareome's Return-on-Tangible-Asset falls into.
NorthStar Healthcareome'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 ) | |||||
= | -156.885 | / | ( (1235.582 | + | 1057.503) | / 2 ) | |
= | -156.885 | / | 1146.5425 | ||||
= | -13.68 % |
NorthStar Healthcareome'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 ) | |||||
= | -295.84 | / | ( (1133.916 | + | 1057.503) | / 2 ) | |
= | -295.84 | / | 1095.7095 | ||||
= | -27.00 % |
* 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. 2023) net income data.
NorthStar Healthcareome (OTCPK:NHHS) 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 NorthStar Healthcareome's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Ann Harrington | officer: General Counsel and Secretary | C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022 |
Kendall K Young | officer: CEO and President | 3760 KILROY AIRPORT WAY, SUITE 300, LONG BEACH CA 90806 |
Nicholas Balzo | officer: Chief Financial Officer | 201 COMMONS PARK S, UNIT 502, STAMFORD CT 06902 |
Paul Varisano | officer: Chief Financial Officer | 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022 |
Neale Redington | officer: Chief Financial Officer | C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071 |
Jonathan A. Carnella | director | C/O NORTHSTAR HEALTHCARE INCOME, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022 |
Richard S. Welch | director, officer: Chairman | C/O COLONY NORTHSTAR, INC., 515 S. FLOWER STREET, LOS ANGELES CA 90071 |
Smith Jack Fleming Jr. | director | C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022 |
Gregory A Samay | director | C/O NORTHSTAR HEALTHCARE INCOME INC, 399 PARK AVE 18TH FLOOR, NEW YORK NY 10022 |
Thomas Andrew Smith | director | 111 WESTWOOD PLACE, SUITE 400, BRENTWOOD TN 37027 |
Justin T Chang | director, officer: Chairman | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Daniel Joseph Altobello | director | 6550 ROCK SPRING DR, SUITE 550, BETHESDA MD 20817 |
Robert C Gatenio | director, officer: Vice Chairman | C/O COLONY NORTHSTAR, INC., 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022 |
Frank V Saracino | officer: CFO and Treasurer | 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022 |
Ronald J Jeanneault | officer: CEO and President | C/O NORTHSTAR HEALTHCARE INCOME, INC., 399 PARK AVENUE, 18TH FL, NEW YORK NY 10022 |
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