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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. Frequency Electronics's annualized Net Income for the quarter that ended in Jan. 2024 was $0.52 Mil. Frequency Electronics's average total tangible assets for the quarter that ended in Jan. 2024 was $75.62 Mil. Therefore, Frequency Electronics's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 was 0.69%.
The historical rank and industry rank for Frequency Electronics's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Frequency Electronics's highest Return-on-Tangible-Asset was 4.29%. The lowest was -24.30%. And the median was -3.56%.
The historical data trend for Frequency Electronics'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.
Frequency Electronics Annual Data | |||||||||||||||||||||
Trend | Apr14 | Apr15 | Apr16 | Apr17 | Apr18 | Apr19 | Apr20 | Apr21 | Apr22 | Apr23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -2.99 | -11.34 | 0.72 | -9.52 | -6.96 |
Frequency Electronics 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 | -1.61 | 1.33 | 10.95 | 4.27 | 0.69 |
For the Communication Equipment subindustry, Frequency Electronics'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 Hardware industry and Technology sector, Frequency Electronics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Frequency Electronics's Return-on-Tangible-Asset falls into.
Frequency Electronics'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 ) | |||||
= | -5.501 | / | ( (84.143 | + | 73.879) | / 2 ) | |
= | -5.501 | / | 79.011 | ||||
= | -6.96 % |
Frequency Electronics'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 ) | |||||
= | 0.52 | / | ( (74.112 | + | 77.127) | / 2 ) | |
= | 0.52 | / | 75.6195 | ||||
= | 0.69 % |
* 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.
Frequency Electronics (NAS:FEIM) 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 Frequency Electronics's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Russell M Sarachek | director | 4718 FOXHALL CRESCENTS NW, WASHINGTON DC 20007 |
Edenbrook Long Only Value Fund, Lp | director, 10 percent owner | EDENBROOK CAPITAL, LLC, 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549 |
Steven E Strang | officer: President, FEI-Zyfer, Inc. | C/O FREQUENCY ELECTRONICS, INC., 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553 |
Thomas Mcclelland | officer: Vice President, Comml Products | C/O FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553 |
Stanton D Sloane | director | COMTECH TELECOMMUNICATIONS CORP., 68 SOUTH SERVICE RD., SUITE 230, MELVILLE NY 11747 |
John Patrick Caulfield | officer: VP of Manufacturing | C/O FREQUENCY ELECTRONICS, 55 CHARLES LINDBERGH BLVD., MITCHEL FIELD NY 11533 |
Edenbrook Capital, Llc | director, 10 percent owner | 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549 |
Martin B Bloch | director, officer: President | FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553 |
Robert Schwartz | director | 11552 PROSPEROUS DRIVE, ODESSA FL 33556 |
Jonathan Brolin | director, 10 percent owner | 2 DEPOT PLAZA, 4TH FLOOR, BEDFORD HILLS NY 10507 |
Privet Fund Lp | 10 percent owner, other: See Explanation of Responses | 3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305 |
Oleandro Mancini | officer: Vice President, Bus. Develop | C/O FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553 |
Lance W Lord | director | 1110 TRUMPETERS COURT, MONUMENT CO 80132 |
Steven Lawrence Bernstein | officer: Chief Financial Officer | C/O FREQUENCY ELECTRONICS INC., 55 CHARLES LINDBERGH BLVD., MITCHEL FIELD NY 11553 |
Ryan Levenson | 10 percent owner, other: See Explanation of Responses | 2396 DELLWOOD DRIVE, ATLANTA GA 30305 |
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