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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. Builders FirstSource's annualized Net Income for the quarter that ended in Mar. 2024 was $1,035 Mil. Builders FirstSource's average total tangible assets for the quarter that ended in Mar. 2024 was $5,994 Mil. Therefore, Builders FirstSource's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 17.27%.
The historical rank and industry rank for Builders FirstSource's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Builders FirstSource's highest Return-on-Tangible-Asset was 48.12%. The lowest was -1.93%. And the median was 9.86%.
The historical data trend for Builders FirstSource'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.
Builders FirstSource Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 9.99 | 11.16 | 37.88 | 48.12 | 27.43 |
Builders FirstSource Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 24.11 | 28.62 | 30.90 | 24.37 | 17.27 |
For the Building Products & Equipment subindustry, Builders FirstSource'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 Construction industry and Industrials sector, Builders FirstSource's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Builders FirstSource's Return-on-Tangible-Asset falls into.
Builders FirstSource'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 ) | |||||
= | 1540.555 | / | ( (5587.362 | + | 5644.723) | / 2 ) | |
= | 1540.555 | / | 5616.0425 | ||||
= | 27.43 % |
Builders FirstSource's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 1035.124 | / | ( (5644.723 | + | 6343.205) | / 2 ) | |
= | 1035.124 | / | 5993.964 | ||||
= | 17.27 % |
* 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 (Mar. 2024) net income data.
Builders FirstSource (NYSE:BLDR) 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 Builders FirstSource's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Alan Farmer | officer: President - Commercial Ops | C/O BMC STOCK HOLDINGS, INC., 4800 FALLS OF NEUSE RD, SUITE 400, RALEIGH NC 27609 |
Michael Hiller | officer: President - Central Division | 2001 BRYAN ST STE 1600, DALLAS TX 75201 |
Timothy D Johnson | officer: EVP & General Counsel | 5020 WESTON PARKWAY, SUITE 400, CARY NC 27513 |
Jami Lynn Coulter | officer: Principal Accounting Officer | 2001 BRYAN ST., SUITE 1600, DALLAS TX 75201 |
Paul M Mccrobie | officer: President - East Division | 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201 |
Dirkson R Charles | director | 50 MAIN STREET, 4TH FLOOR, WHITE PLAINS NY 10606 |
Floyd F Sherman | director, officer: President & CEO | BUILDERS FIRSTSOURCE INC., 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201 |
Amy B Messersmith | officer: Chief People Officer | 2001 BRYAN ST STE 1600, DALLAS TX 75201 |
James Oleary | director | |
David W Bullock | director | C/O GRAHAM PACKAGING HOLDINGS COMPANY, 2401 PLEASANT VALLEY ROAD, YORK PA 17402 |
Mark A Alexander | director | C/O W. P. CAREY INC., 395 9TH AVENUE, 58TH FLOOR, NEW YORK, NEW YORK NY 10001 |
David E Flitman | director, officer: President | C/O NALCO COMPANY, 1601 WEST DIEHL ROAD, NAPERVILLE IL 60563 |
Boydston Cory Jacobs | director | C/O BMC STOCK HOLDINGS, INC., 4800 FALLS OF NEUSE RD, SUITE 400, RALEIGH NC 27617 |
Stephen J Herron | officer: President - East Division | 2001 BRYAN ST STE 1600, DALLAS TX 75201 |
David E Rush | officer: SVP - COO - East | 2001 BRYAN ST., SUITE 1600, DALLAS TX 75201 |
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