MDV has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
MDV has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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. Modiv Industrial's annualized Net Income for the quarter that ended in Mar. 2024 was $14.90 Mil. Modiv Industrial's average total tangible assets for the quarter that ended in Mar. 2024 was $525.38 Mil. Therefore, Modiv Industrial's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 2.84%.
The historical rank and industry rank for Modiv Industrial's Return-on-Tangible-Asset or its related term are showing as below:
During the past 5 years, Modiv Industrial's highest Return-on-Tangible-Asset was 0.17%. The lowest was -12.05%. And the median was -1.02%.
The historical data trend for Modiv Industrial'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.
Modiv Industrial Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Return-on-Tangible-Asset | -1.02 | -12.05 | -0.11 | -0.76 | -1.35 |
Modiv Industrial Quarterly Data | ||||||||||||||||
Dec19 | 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 | -3.29 | 3.15 | -4.08 | -0.97 | 2.84 |
For the REIT - Diversified subindustry, Modiv Industrial'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 REITs industry and Real Estate sector, Modiv Industrial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Modiv Industrial's Return-on-Tangible-Asset falls into.
Modiv Industrial'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 ) | |||||
= | -6.614 | / | ( (452.579 | + | 529.582) | / 2 ) | |
= | -6.614 | / | 491.0805 | ||||
= | -1.35 % |
Modiv Industrial'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 ) | |||||
= | 14.896 | / | ( (529.582 | + | 521.169) | / 2 ) | |
= | 14.896 | / | 525.3755 | ||||
= | 2.84 % |
* 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.
Modiv Industrial (NYSE:MDV) 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 Modiv Industrial's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Aaron Scott Halfacre | officer: CEO | 2100 REXFORD ROAD, SUITE 300, CHARLOTTE NC 28211 |
Nolan Thomas H Jr | director | 14631 NORTH SCOTTSDALE RD, SUITE 200, SCOTTSDALE AZ 85254 |
Kimberly J Smith | director | 2325 E CAMELBACK RD, SUITE 1100, PHOENIX AZ 85016 |
Raymond J Pacini | officer: CFO | 550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071 |
Adam Scott Markman | director | TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606 |
Tirondola Connie | director | 14 DAYDREAM LN, ANDOVER NJ 07821 |
Asma Ishaq | director | 120 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660 |
Curtis B Mcwilliams | director | 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801 |
Group Of Trophy, Llc | 10 percent owner | 21140 S. AVALON BLVD, CARSON CA 90745 |
Joe F Hanauer | director | 361 FOREST AVE, LAGUNA BEACH CA 92651 |
Sandra G Sciutto | officer: CAO | 6 EXECUTIVE CIRCLE, SUITE 250, IRVINE CA 92614 |
David Perduk | officer: CIO | PO BOX 1705, LAGUNA BEACH CA 92652 |
John Harold Davis | officer: CFO | 3090 BRISTOL STREET, SUITE 550, COSTA MESA CA 92626 |
Jeffrey Randolph | other: Trust Manager | 3080 BRISTOL STREET, SUITE 550, COSTA MESA CA 92626 |
John C Wang | director |
From GuruFocus
By Business Wire • 10-17-2023
By Business Wire Business Wire • 03-31-2022
By Business Wire • 09-14-2023
By Business Wire Business Wire • 11-11-2022
By Business Wire Business Wire • 03-11-2022
By Business Wire • 09-28-2023
By Business Wire Business Wire • 10-27-2022
By Business Wire Business Wire • 06-16-2022
By Business Wire Business Wire • 03-21-2022
By Business Wire Business Wire • 11-09-2022
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.