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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. WillScot Mobile Mini Holdings's annualized Net Income for the quarter that ended in Dec. 2023 was $345 Mil. WillScot Mobile Mini Holdings's average total tangible assets for the quarter that ended in Dec. 2023 was $4,529 Mil. Therefore, WillScot Mobile Mini Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 7.62%.
The historical rank and industry rank for WillScot Mobile Mini Holdings's Return-on-Tangible-Asset or its related term are showing as below:
During the past 9 years, WillScot Mobile Mini Holdings's highest Return-on-Tangible-Asset was 10.86%. The lowest was -16.81%. And the median was 1.21%.
The historical data trend for WillScot Mobile Mini Holdings'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.
WillScot Mobile Mini Holdings Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -4.92 | 2.30 | 3.90 | 7.79 | 10.66 |
WillScot Mobile Mini Holdings 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 | 7.93 | 19.66 | 8.27 | 8.31 | 7.62 |
For the Rental & Leasing Services subindustry, WillScot Mobile Mini Holdings'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 Business Services industry and Industrials sector, WillScot Mobile Mini Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where WillScot Mobile Mini Holdings's Return-on-Tangible-Asset falls into.
WillScot Mobile Mini Holdings'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 ) | |||||
= | 476.457 | / | ( (4397.097 | + | 4541.571) | / 2 ) | |
= | 476.457 | / | 4469.334 | ||||
= | 10.66 % |
WillScot Mobile Mini Holdings'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 ) | |||||
= | 345.312 | / | ( (4516.089 | + | 4541.571) | / 2 ) | |
= | 345.312 | / | 4528.83 | ||||
= | 7.62 % |
* 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.
WillScot Mobile Mini Holdings (NAS:WSC) 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 WillScot Mobile Mini Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Bradley Lee Soultz | director, officer: Chief Executive Officer | 901 S. BOND STREET, SUITE 600, BALTIMORE MD 21231 |
Natalia Johnson | director | C/O PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201 |
Felicia Gorcyca | officer: Chief Human Resources Officer | 4800 N. SCOTTSDALE ROAD, SUITE 6000, SCOTTSDALE AZ 85251 |
Sally J Shanks | officer: Chief Accounting Officer | 901 S. BOND STREET, SUITE 600, BALTIMORE MD 21231 |
Jeffrey Sagansky | director, 10 percent owner, officer: President & CEO | 1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401 |
Erika T Davis | director | |
Graeme Parkes | officer: Chief Information Officer | 4646 E. VAN BUREN STREET, SUITE 400, PHOENIX AZ 85008 |
Erik Olsson | director | C/O RSC HOLDINGS INC., 6929 E. GREENWAY PARKWAY, SCOTTSDALE AZ 85254 |
Hezron T. Lopez | officer: V.P.,Gen Counsel, Corp. Sec. | 855 EAST MAIN AVE, ZEELAND MI 49464 |
Rebecca L Owen | director | 1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006 |
Christopher J Miner | officer: SVP, GC & Secretary | 7420 SOUTH KYRENE ROAD SUITE 101, TEMPE AZ 85253 |
Michael W Upchurch | director | KANSAS CITY SOUTHERN, PO BOX 219335, KANSAS CITY MO 64121 |
Sapphire Holding S.a R.l. | 10 percent owner | C/O TDR CAPITAL LLP, 20 BENTINCK STREET, LONDON X0 W1U 2EU |
Stephen Robertson | director, 10 percent owner | 20 BENTINCK STREET, LONDON X0 W1U 2EU |
Mark S. Bartlett | director | 4701 WEST GREENFIELD AVENUE, MILWAUKEE WI 53214 |
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