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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. Southwest Bancorp's annualized Net Income for the quarter that ended in Jun. 2017 was $23.27 Mil. Southwest Bancorp's average total tangible assets for the quarter that ended in Jun. 2017 was $2,528.51 Mil. Therefore, Southwest Bancorp's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2017 was 0.92%.
The historical rank and industry rank for Southwest Bancorp's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Southwest Bancorp's highest Return-on-Tangible-Asset was 1.08%. The lowest was -2.64%. And the median was 0.73%.
The historical data trend for Southwest Bancorp'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.
Southwest Bancorp Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial |
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0.72 | 0.85 | 1.08 | 0.81 | 0.74 |
Southwest Bancorp Quarterly Data | ||||||||||||||||||||
Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial |
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0.92 | 0.70 | 1.01 | 0.85 | 0.92 |
For the Banks - Regional subindustry, Southwest Bancorp'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 Banks industry and Financial Services sector, Southwest Bancorp's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Southwest Bancorp's Return-on-Tangible-Asset falls into.
Southwest Bancorp's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2016 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2016 ) | (A: Dec. 2015 ) | (A: Dec. 2016 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2016 ) | (A: Dec. 2015 ) | (A: Dec. 2016 ) | |||||
= | 17.704 | / | ( (2336.94 | + | 2456.057) | / 2 ) | |
= | 17.704 | / | 2396.4985 | ||||
= | 0.74 % |
Southwest Bancorp's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2017 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jun. 2017 ) | (Q: Mar. 2017 ) | (Q: Jun. 2017 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jun. 2017 ) | (Q: Mar. 2017 ) | (Q: Jun. 2017 ) | |||||
= | 23.272 | / | ( (2503.356 | + | 2553.663) | / 2 ) | |
= | 23.272 | / | 2528.5095 | ||||
= | 0.92 % |
* 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 (Jun. 2017) net income data.
Southwest Bancorp (NAS:OKSBP.PFD) 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 Southwest Bancorp's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Shrum Kayse M Do | director | 15469 S. 353RD EAST AVENUE, COWETA OK 74429 |
Steven C Davis | director | 4574 WEST TRIPLETT ROAD, GUTHRIE OK 73044 |
Patrice D Douglas | director | 1712 CROSSBOW, EDMOND OK 73034 |
John Thomas Danielson | officer: EVP and CBO | 1041 PHANTOM RIDER TRAIL, SPRING BRANCH TX 78070 |
Gregg S Jaynes | officer: EVP, Chief HR Officer | 13254 S. 114TH EAST AVE, BROKEN ARROW OK 74011 |
Brent Aaron Bates | officer: EVP and Chief Credit Officer | 603 INVERNESS COURT, NORMAN OK 73072 |
Priscilla J Barnes | officer: SEVP and COO | RR3 BOX 63A, HENNESSEY OK 73742 |
Mark W Funke | officer: President and CEO | C/O FREDERIC DORWART, 124 E FOURTH STREET, TULSA OK 74103 |
Shockley Joe T Jr | officer: EVP and CFO | 101 N BROADWAY, OKLAHOMA CITY OK 73102 |
Rusty Neal Laforge | officer: EVP, General Counsel | 3324 QUAIL CREEK ROAD, OKLAHOMA CITY OK 73120 |
Crockett David S Jr | director | 11609 VALLEYDALE, DALLAS TX 75230 |
James M Johnson | director | 672 TRAILWOOD LANE, MARIETTA GA 30064 |
John Cohlmia | director | 12804 FOX FOREST CIRCLE, OKLAHOMA CITY OK 73142 |
Larry J Lanie | director | 419 BENTLEY MANOR, SAN ANTONIO TX 78249 |
Thomas D Berry | director | 2302 W 8TH, STILLWATER OK 74074 |
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