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. Badger Meter's annualizedNet Income for the quarter that ended in Mar. 2024 was $116.5 Mil. Badger Meter's average total tangible assets for the quarter that ended in Mar. 2024 was $563.8 Mil. Therefore, Badger Meter's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 20.67%.
The historical rank and industry rank for Badger Meter's Return-on-Tangible-Asset or its related term are showing as below:
BMI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.69 Med: 14.78 Max: 19.69
Current: 19.69
During the past 13 years, Badger Meter's highest Return-on-Tangible-Asset was 19.69%. The lowest was 10.69%. And the median was 14.78%.
BMI's Return-on-Tangible-Asset is ranked better than 97.82% of 2480
companies
in the Hardware industry
Industry Median: 2.49
vs BMI: 19.69
Badger Meter Return-on-Tangible-Asset Historical Data
The historical data trend for Badger Meter'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.
Competitive Comparison of Badger Meter's Return-on-Tangible-Asset
For the Scientific & Technical Instruments subindustry, Badger Meter'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.
Badger Meter's Return-on-Tangible-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Badger Meter's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Badger Meter's Return-on-Tangible-Asset falls into.
Badger Meter Return-on-Tangible-Asset Calculation
Badger Meter's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Badger Meter (NYSE:BMI) 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.
Badger Meter Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Badger Meter's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Badger Meter Inc is an innovator, manufacturer, and marketer of products incorporating flow measurement, quality, control, and other system solutions serving markets. The company's products measure water, oil, chemicals, and other fluids, and provide and communicate timely measurement data. Badger's product lines include two categories: sales of water meters, radios, software, and related technologies, and water quality monitoring solutions to water utilities (utility water) and sales of meters and other sensing instruments, valves, software, and other solutions for industrial applications in water, wastewater, and other industries (flow instrumentation). It derives a majority of its revenues from the United States.
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