TOOD (Thermwood) Return-on-Tangible-Asset: -14.96% (As of Jul. 2001)


What is Thermwood Return-on-Tangible-Asset?

Thermwood TOOD Return-on-Tangible-Asset is -14.96% as of Jul. 2001.

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. Thermwood's annualized Net Income for the quarter that ended in Jul. 2001 was $-1.86 Mil. Thermwood's average total tangible assets for the quarter that ended in Jul. 2001 was $12.46 Mil. Therefore, Thermwood's annualized Return-on-Tangible-Asset for the quarter that ended in Jul. 2001 was -14.96%.

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

TOOD's Return-on-Tangible-Asset is not ranked *
in the Industrial Products industry.
Industry Median: 3.24
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Thermwood  (OTCPK:TOOD) 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.

Thermwood Return-on-Tangible-Asset Related Terms

Thermwood Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Thermwood'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.

Thermwood Return-on-Tangible-Asset Chart

Thermwood Annual Data
Trend Jul92 Jul93 Jul94 Jul95 Jul96 Jul97 Jul98 Jul99 Jul00 Jul01
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.12 11.61 5.48 3.23 -6.80

Thermwood Quarterly Data
Oct96 Jan97 Apr97 Jul97 Oct97 Jan98 Apr98 Jul98 Oct98 Jan99 Apr99 Jul99 Oct99 Jan00 Apr00 Jul00 Oct00 Jan01 Apr01 Jul01
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 -4.28 0.86 0.63 -13.90 -14.96

TOOD vs EVTN, NRBT: Return-on-Tangible-Asset Comparison

For the Specialty Industrial Machinery subindustry, Thermwood'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.

Thermwood Return-on-Tangible-Asset vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thermwood's Return-on-Tangible-Asset distribution charts can be found below:

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


Thermwood Return-on-Tangible-Asset Calculation

Thermwood's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jul. 2001 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jul. 2001 )  (A: Jul. 2000 )(A: Jul. 2001 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jul. 2001 )  (A: Jul. 2000 )(A: Jul. 2001 )
=-0.859/( (13.196+12.065)/ 2 )
=-0.859/12.6305
=-6.80 %

Thermwood's annualized Return-on-Tangible-Asset for the quarter that ended in Jul. 2001 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jul. 2001 )  (Q: Apr. 2001 )(Q: Jul. 2001 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jul. 2001 )  (Q: Apr. 2001 )(Q: Jul. 2001 )
=-1.864/( (12.847+12.065)/ 2 )
=-1.864/12.456
=-14.96 %

* 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 (Jul. 2001) net income data.

What does a Return-on-Tangible-Asset of -14.96% mean?
Thermwood (TOOD) has a Return-on-Tangible-Asset of -14.96% as of Jul. 2001. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Thermwood and its competitors.
Is Thermwood's Return-on-Tangible-Asset too high?
Thermwood's current Return-on-Tangible-Asset is -14.96%.
How does Thermwood's Return-on-Tangible-Asset compare to EVTN and NRBT?
Thermwood's Return-on-Tangible-Asset of -14.96% can be compared against companies in the Industrial Products industry. The industry median Return-on-Tangible-Asset is 3.24. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.24, based on 3,071 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Thermwood and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermwood's current Return-on-Tangible-Asset is -14.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermwood stock overvalued right now?
Thermwood (TOOD) has a current Return-on-Tangible-Asset of -14.96%. The current Return-on-Tangible-Asset is -14.96%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Thermwood (TOOD), the current Return-on-Tangible-Asset is -14.96% as of Jul. 2001. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Thermwood Business Description

Address 904 Dale-Buffaloville Road, P.O. Box 436, Dale, IN, USA, 47523-9057
Thermwood Corp is engaged in the development, manufacture, and distribute technology-based products and software for manufacturing as well as provide formal technology training. The company caters to the needs of marine industry, medical industry, military/defense, construction industry, among others.