What is Motorcar Parts of America 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. Motorcar Parts of America's annualizedNet Income for the quarter that ended in Dec. 2023 was $-188.9 Mil. Motorcar Parts of America's average total tangible assets for the quarter that ended in Dec. 2023 was $1,026.8 Mil. Therefore, Motorcar Parts of America's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -18.39%.
The historical rank and industry rank for Motorcar Parts of America's Return-on-Tangible-Asset or its related term are showing as below:
MPAA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.78 Med: 2.64 Max: 31.74
Current: -4.78
During the past 13 years, Motorcar Parts of America's highest Return-on-Tangible-Asset was 31.74%. The lowest was -4.78%. And the median was 2.64%.
MPAA's Return-on-Tangible-Asset is ranked worse than 84.38% of 1300
companies
in the Vehicles & Parts industry
Industry Median: 3.475
vs MPAA: -4.78
Motorcar Parts of America Return-on-Tangible-Asset Historical Data
The historical data trend for Motorcar Parts of America'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.
Motorcar Parts of America Return-on-Tangible-Asset Chart
Competitive Comparison of Motorcar Parts of America's Return-on-Tangible-Asset
For the Auto Parts subindustry, Motorcar Parts of America'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.
Motorcar Parts of America's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Motorcar Parts of America's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Motorcar Parts of America's Return-on-Tangible-Asset falls into.
Motorcar Parts of America Return-on-Tangible-Asset Calculation
Motorcar Parts of America's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2023 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 (Dec. 2023) net income data.
Motorcar Parts of America (NAS:MPAA) 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.
Motorcar Parts of America Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Motorcar Parts of America's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Motorcar Parts of America (Motorcar Parts of America) Business Description
Motorcar Parts of America Inc is a us-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts. It produces starter engines, alternators, hub assemblies, bearings, and master cylinders. The company supplies its products to the automotive aftermarket either under its own brands, as part of a private-label service, or to warranty replacement programs of automobile manufacturers. It primarily sells rotating electrical products, wheel hub products, brake master cylinders products in the us, of which a majority of the revenue is derived from the sales of rotating electrical products.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MPAA has been successfully added to your 