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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. Elastic NV's annualized Net Income for the quarter that ended in Jan. 2024 was $704 Mil. Elastic NV's average total tangible assets for the quarter that ended in Jan. 2024 was $1,574 Mil. Therefore, Elastic NV's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 was 44.75%.
The historical rank and industry rank for Elastic NV's Return-on-Tangible-Asset or its related term are showing as below:
During the past 7 years, Elastic NV's highest Return-on-Tangible-Asset was 3.88%. The lowest was -40.11%. And the median was -32.95%.
The historical data trend for Elastic NV'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.
Elastic NV Annual Data | ||||||||||||||||
Trend | Apr17 | Apr18 | Apr19 | Apr20 | Apr21 | Apr22 | Apr23 | |||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -33.29 | -32.95 | -20.01 | -20.07 | -17.47 |
Elastic NV Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -22.82 | -13.84 | -13.94 | -7.07 | 44.75 |
For the Software - Application subindustry, Elastic NV'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 Software industry and Technology sector, Elastic NV's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Elastic NV's Return-on-Tangible-Asset falls into.
Elastic NV's annualized Return-on-Tangible-Asset for the fiscal year that ended in Apr. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Apr. 2023 ) | (A: Apr. 2022 ) | (A: Apr. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Apr. 2023 ) | (A: Apr. 2022 ) | (A: Apr. 2023 ) | |||||
= | -236.161 | / | ( (1293.225 | + | 1410.736) | / 2 ) | |
= | -236.161 | / | 1351.9805 | ||||
= | -17.47 % |
Elastic NV's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jan. 2024 ) | (Q: Oct. 2023 ) | (Q: Jan. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jan. 2024 ) | (Q: Oct. 2023 ) | (Q: Jan. 2024 ) | |||||
= | 704.496 | / | ( (1433.344 | + | 1715.554) | / 2 ) | |
= | 704.496 | / | 1574.449 | ||||
= | 44.75 % |
* 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 (Jan. 2024) net income data.
Elastic NV (NYSE:ESTC) 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 Elastic NV's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Alison Gleeson | director | C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040 |
Shelley B Leibowitz | director | C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036 |
Carolyn Herzog | officer: Chief Legal Officer | C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040 |
Ken Exner | officer: Chief Product Officer | C/O ELASTIC NV, 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040 |
Ashutosh Kulkarni | officer: Chief Executive Officer | 6220 AMERICA CENTER DRIVE, SAN JOSE CA 95002 |
Shay Banon | director, 10 percent owner, officer: CEO and Chairman | C/O ELASTIC NV, 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040 |
Janesh Moorjani | officer: Chief Financial Officer | C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040 |
Chetan Puttagunta | director | 2855 SAND HILL ROAD, MENLO PARK CA 94025 |
Auvil Paul R. Iii | director | C/O PROOFPOINT, INC., 892 ROSS DRIVE, SUNNYVALE CA 94089 |
Sohaib Abbasi | director | 100 EAST DAVIE STREET, RALEIGH NC 27601 |
Jonathan Chadwick | director | 3401 HILLVIEW AVENUE, PALO ALTO CA 94304 |
Garrett W.h. Baird | officer: SVP and General Counsel | C/O ELASTIC N.V., 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040 |
Peter H Fenton | director, 10 percent owner | 2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
Paul Andrew Appleby | officer: President, Worldwide Field Ops | C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040 |
Steven Schuurman | director, 10 percent owner | C/O ELASTIC NV, 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040 |
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