S&P 500 Futures (^ES) Return-on-Tangible-Asset: 0.00% (As of . 20)


What is S&P 500 Futures Return-on-Tangible-Asset?

S&P 500 Futures ^ES -0.37% Return-on-Tangible-Asset is 0.00% as of . 20.

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. S&P 500 Futures's annualized Net Income for the quarter that ended in . 20 was $ Mil. S&P 500 Futures's average total tangible assets for the quarter that ended in . 20 was $ Mil. Therefore, S&P 500 Futures's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 was 0.00%.

The historical rank and industry rank for S&P 500 Futures's Return-on-Tangible-Asset or its related term are showing as below:

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

S&P 500 Futures  (:^ES) 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.

S&P 500 Futures Return-on-Tangible-Asset Related Terms

S&P 500 Futures Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for S&P 500 Futures'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.

S&P 500 Futures Return-on-Tangible-Asset Chart

S&P 500 Futures Annual Data
Trend
Return-on-Tangible-Asset

S&P 500 Futures Semi-Annual Data
Return-on-Tangible-Asset

^ES vs : Return-on-Tangible-Asset Comparison

For the subindustry, S&P 500 Futures'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.

S&P 500 Futures Return-on-Tangible-Asset vs Industry

For the industry and sector, S&P 500 Futures's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where S&P 500 Futures's Return-on-Tangible-Asset falls into.


S&P 500 Futures Return-on-Tangible-Asset Calculation

S&P 500 Futures's annualized Return-on-Tangible-Asset for the fiscal year that ended in . 20 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=/( (+)/ )
=/
= %

S&P 500 Futures's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: . 20 )  (Q: . 20 )(Q: . 20 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: . 20 )  (Q: . 20 )(Q: . 20 )
=/( (+)/ )
=/
= %

* 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 one times the annual (. 20) net income data.

What does a Return-on-Tangible-Asset of 0.00% mean?
S&P 500 Futures (^ES) has a Return-on-Tangible-Asset of 0.00% as of . 20. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on S&P 500 Futures and its competitors.
Is S&P 500 Futures' Return-on-Tangible-Asset too high?
S&P 500 Futures' current Return-on-Tangible-Asset is 0.00%.
How does S&P 500 Futures' Return-on-Tangible-Asset compare to ?
S&P 500 Futures' Return-on-Tangible-Asset is 0.00%. 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 a company?
A good Return-on-Tangible-Asset depends on the industry context. 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 S&P 500 Futures and its competitors. S&P 500 Futures's current Return-on-Tangible-Asset is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S&P 500 Futures stock overvalued right now?
S&P 500 Futures (^ES) has a current Return-on-Tangible-Asset of 0.00%. The current Return-on-Tangible-Asset is 0.00%. 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 S&P 500 Futures (^ES), the current Return-on-Tangible-Asset is 0.00% as of . 20. 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.

S&P 500 Futures Business Description

Industry
Comparable Companies