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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. Vishay Intertechnology's annualized Net Income for the quarter that ended in Dec. 2023 was $206 Mil. Vishay Intertechnology's average total tangible assets for the quarter that ended in Dec. 2023 was $3,967 Mil. Therefore, Vishay Intertechnology's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 5.19%.
The historical rank and industry rank for Vishay Intertechnology's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Vishay Intertechnology's highest Return-on-Tangible-Asset was 12.44%. The lowest was -3.71%. And the median was 4.93%.
The historical data trend for Vishay Intertechnology'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.
Vishay Intertechnology Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 5.65 | 4.21 | 9.55 | 12.44 | 8.58 |
Vishay Intertechnology Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 8.34 | 12.13 | 9.88 | 6.66 | 5.19 |
For the Semiconductors subindustry, Vishay Intertechnology'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 Semiconductors industry and Technology sector, Vishay Intertechnology's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Vishay Intertechnology's Return-on-Tangible-Asset falls into.
Vishay Intertechnology's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 323.82 | / | ( (3586.325 | + | 3966.174) | / 2 ) | |
= | 323.82 | / | 3776.2495 | ||||
= | 8.58 % |
Vishay Intertechnology's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 205.888 | / | ( (3968.186 | + | 3966.174) | / 2 ) | |
= | 205.888 | / | 3967.18 | ||||
= | 5.19 % |
* 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.
Vishay Intertechnology (NYSE:VSH) 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 Vishay Intertechnology's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Marc Zandman | director, officer: ExecChairman & Chief Bus Dev | C/O VISHAY INTERTECHNOLOGY, INC., 63 LINCOLN HIGHWAY, MALVERN PA 19355 |
Abraham Ludomirski | director | SUITE 190, 7 GREAT VALLEY PARKWAY, MALVERN PA 19355 |
Joel Smejkal | director, officer: President and CEO | 63 LANCASTER AVE, MALVERN PA 19355 |
Roy Shoshani | officer: EVP & Chief Technical Officer | 63 LANCASTER AVE, MALVERN PA 19355 |
Peter Henrici | officer: EVP - Corporate Development | 63 LANCASTER AVE, MALVERN PA 19355 |
Lori Lipcaman | officer: EVP & Chief Financial Officer | C/O VISHAY INTERTECHNOLOGY, INC., 63 LANCASTER AVENUE, MALVERN PA 19355 |
Jeffrey Allen Webster | officer: EVP & Chief Operating Officer | 63 LANCASTER AVE, MALVERN PA 19355 |
Andreas Randebrock | officer: EVP - Global Human Resources | 63 LANCASTER AVE, MALVERN PA 19355 |
Gerald Paul | director, officer: President and CEO | |
Raanan Zilberman | director | 63 LANCASTER AVE, MALVERN PA 19355 |
Michiko Kurahashi | director | 63 LANCASTER AVE, MALVERN PA 19355 |
Renee B Booth | director | C/O VISHAY INTERTECHNOLOGY, INC., 63 LANCASTER AVE, MALVERN PA 19355 |
Ziv Shoshani | director, officer: Exec. VP and COO | C/O VISHAY INTERTECHNOLOGY, INC., 63 LANCASTER AVE, MALVERN PA 19355 |
Ruta Zandman | director | |
Michael J Cody | director | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
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