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. Qurate Retail's annualizedNet Income for the quarter that ended in Dec. 2023 was $-1,092 Mil. Qurate Retail's average total tangible assets for the quarter that ended in Dec. 2023 was $4,848 Mil. Therefore, Qurate Retail's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -22.53%.
The historical rank and industry rank for Qurate Retail's Return-on-Tangible-Asset or its related term are showing as below:
QRTEA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -43.89 Med: 11.01 Max: 30.72
Current: -2.81
During the past 13 years, Qurate Retail's highest Return-on-Tangible-Asset was 30.72%. The lowest was -43.89%. And the median was 11.01%.
QRTEA's Return-on-Tangible-Asset is ranked worse than 75.49% of 1118
companies
in the Retail - Cyclical industry
Industry Median: 2.3
vs QRTEA: -2.81
Qurate Retail Return-on-Tangible-Asset Historical Data
The historical data trend for Qurate Retail'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.
Competitive Comparison of Qurate Retail's Return-on-Tangible-Asset
For the Internet Retail subindustry, Qurate Retail'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.
Qurate Retail's Return-on-Tangible-Asset Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Qurate Retail's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Qurate Retail's Return-on-Tangible-Asset falls into.
* 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.
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.
Qurate Retail Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Qurate Retail's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Qurate Retail (Qurate Retail) Business Description
Qurate Retail Inc, through its subsidiaries, is engaged in the video and online commerce industries. Its segments include QxH, which includes QVC U.S. and HSN market and sell a wide variety of consumer products in the United States, primarily using their televised shopping programs and via the Internet through their websites and mobile applications; QVC International segment markets and sells a wide variety of consumer products in several foreign countries, primarily using its televised shopping programs and via the Internet through its international websites and mobile applications; and Zulily markets and sells a wide variety of consumer products in the United States and several foreign countries. Its geographical segments include the U.S, Japan, Germany, and Other countries.
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