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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. Activision Blizzard's annualized Net Income for the quarter that ended in Jun. 2023 was $2,348 Mil. Activision Blizzard's average total tangible assets for the quarter that ended in Jun. 2023 was $16,937 Mil. Therefore, Activision Blizzard's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was 13.86%.
The historical rank and industry rank for Activision Blizzard's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Activision Blizzard's highest Return-on-Tangible-Asset was 25.07%. The lowest was 3.85%. And the median was 15.05%.
The historical data trend for Activision Blizzard'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.
Activision Blizzard Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 24.57 | 17.87 | 19.77 | 19.75 | 9.77 |
Activision Blizzard Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 7.73 | 11.77 | 10.25 | 18.06 | 13.86 |
For the Electronic Gaming & Multimedia subindustry, Activision Blizzard'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 Interactive Media industry and Communication Services sector, Activision Blizzard's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Activision Blizzard's Return-on-Tangible-Asset falls into.
Activision Blizzard's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | 1513 | / | ( (14599 | + | 16371) | / 2 ) | |
= | 1513 | / | 15485 | ||||
= | 9.77 % |
Activision Blizzard's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jun. 2023 ) | (Q: Mar. 2023 ) | (Q: Jun. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jun. 2023 ) | (Q: Mar. 2023 ) | (Q: Jun. 2023 ) | |||||
= | 2348 | / | ( (16405 | + | 17468) | / 2 ) | |
= | 2348 | / | 16936.5 | ||||
= | 13.86 % |
* 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. 2023) net income data.
Activision Blizzard (NAS:ATVI) 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 Activision Blizzard's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Julie Hodges | officer: Chief People Officer | C/O ACTIVISION BLIZZARD, INC., 2701 OLYMPIC BOULEVARD, BUILDING B, SANTA MONICA CA 90404 |
Peter J Nolan | director | 11111SANTA MONICA BLVD, STE 2000, LOS ANGELES CA 90025 |
Daniel Alegre | officer: President and COO | 9800 59TH AVENUE NORTH, MINNEAPOLIS MN 55317 |
Robert A Kotick | director, officer: Chief Executive Officer | 3100 OCEAN PARK BLVD, SANTA MONICA CA 90405 |
Brian Bulatao | officer: Chief Administrative Officer | C/O ACTIVISION BLIZZARD, INC., 3100 OCEAN PARK BOULEVARD, SANTA MONICA CA 90405 |
Armin Zerza | officer: Chief Financial Officer | C/O ACTIVISION BLIZZARD, INC, 3100 OCEAN PARK BOULEVARD, SANTA MONICA CA 90405 |
Grant Michael Dixton | officer: Chief Legal Officer | C/O ACTIVISION BLIZZARD, INC., 3100 OCEAN PARK BOULEVARD, SANTA MONICA CA 90405 |
Lulu Cheng Meservey | director | 2701 OLYMPIC BOULEVARD, BUILDING B, SANTA MONICA CA 90404 |
Dawn Ostroff | director | 3100 OCEAN PARK BOULEVARD, SANTA MONICA CA 91405 |
Barry Meyer | director | C/O ACTIVISION BLIZZARD, INC., 3100 OCEAN PARK BLVD., SANTA MONICA CA 90405 |
Reveta F Bowers | director | C/O ACTIVISION BLIZZARD, INC., 3100 OCEAN PARK BOULEVARD, SANTA MONICA CA 90405 |
Brian G Kelly | director | 3100 OCEAN PARK BLVD, SANTA MONICA CA 90405 |
Robert J Morgado | director | 3100 OCAN PARK BLVD, SANTA MONICA CA 90405 |
Robert J Corti | director | C/O AVON PRODUCTS INC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105-0196 |
Kerry Carr | director | ONE MEADOWLANDS PLAZA, EAST RUTHERFORD NJ 07073 |
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