What is Total System Services 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. Total System Services's annualizedNet Income for the quarter that ended in Jun. 2019 was $651 Mil. Total System Services's average total tangible assets for the quarter that ended in Jun. 2019 was $2,369 Mil. Therefore, Total System Services's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2019 was 27.48%.
The historical rank and industry rank for Total System Services's Return-on-Tangible-Asset or its related term are showing as below:
TSS's Return-on-Tangible-Asset is not ranked *
in the Software industry.
Industry Median: 1.225 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Total System Services Return-on-Tangible-Asset Historical Data
The historical data trend for Total System Services'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.
Total System Services Return-on-Tangible-Asset Chart
Competitive Comparison of Total System Services's Return-on-Tangible-Asset
For the Software - Infrastructure subindustry, Total System Services'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.
Total System Services's Return-on-Tangible-Asset Distribution in the Software Industry
For the Software industry and Technology sector, Total System Services's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Total System Services's Return-on-Tangible-Asset falls into.
Total System Services Return-on-Tangible-Asset Calculation
Total System Services's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2018 is calculated as:
* 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. 2019) net income data.
Total System Services (NYSE:TSS) 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.
Total System Services Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Total System Services's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Total System Services (Total System Services) Business Description
Total System Services Inc based in Columbus, Georgia, provides payment-processing services in the U.S. and abroad. In 2013 TSYS provided processing services for 28% of domestic consumer credit card accounts and 59% of domestic commercial credit card accounts. The company has operating segments in North America Services, International Services, and Merchant Services, plus the newer NetSpend segment, which deals in prepaid debit and payroll cards and arrived via a 2013 acquisition.
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