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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. NCR Atleos's annualized Net Income for the quarter that ended in Mar. 2024 was $-32 Mil. NCR Atleos's average total tangible assets for the quarter that ended in Mar. 2024 was $3,187 Mil. Therefore, NCR Atleos's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -1.00%.
The historical rank and industry rank for NCR Atleos's Return-on-Tangible-Asset or its related term are showing as below:
During the past 4 years, NCR Atleos's highest Return-on-Tangible-Asset was 6.51%. The lowest was -4.92%. And the median was 3.63%.
The historical data trend for NCR Atleos'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.
NCR Atleos Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Return-on-Tangible-Asset | - | 6.51 | 3.63 | -4.29 |
NCR Atleos Quarterly Data | |||||||||||
Dec20 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial |
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4.81 | 7.07 | -5.27 | -14.90 | -1.00 |
For the Software - Application subindustry, NCR Atleos'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, NCR Atleos's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NCR Atleos's Return-on-Tangible-Asset falls into.
NCR Atleos'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 ) | |||||
= | -134 | / | ( (3094 | + | 3154) | / 2 ) | |
= | -134 | / | 3124 | ||||
= | -4.29 % |
NCR Atleos'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 ) | |||||
= | -32 | / | ( (3154 | + | 3219) | / 2 ) | |
= | -32 | / | 3186.5 | ||||
= | -1.00 % |
* 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.
NCR Atleos (NYSE:NATL) 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 NCR Atleos's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew R Duvall | officer: Vice President, other: Manager | 322 S MAIN STREET, GREENVILLE SC 29601 |
Mary Ellen Baker | director | CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., STAMFORD CT 06901 |
Mark W Begor | director | 181 METRO DRIVE, SAN JOSE CA 95110 |
Odilon Almeida | director | 7001 EAST BELLEVIEW AVENUE, DENVER CO 80237 |
Von Gillern Jeffry H. | director | U.S. BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402 |
Stuart Mackinnon | officer: Chief Operating Officer | 3250 BRIARPARK, SUITE 400, HOUSTON TX 77042 |
Frank A Natoli | director | 5995 MAYFAIR ROAD, NORTH CANTON OH 44720 |
Michelle M Frymire | director | C/O SPIRIT REALTY CAPITAL, INC., 2727 N. HARWOOD STREET, SUITE 300, DALLAS TX 75201 |
Lashawne Meriwether | officer: Chief Human Resources Officer | 10800 ROOSEVELT BLVD. N., ST. PETERSBURG FL 33716 |
Paul J. Campbell | officer: Chief Financial Officer | 864 SPRING STREET, ATLANTA GA 30308 |
Ricardo J Nunez | officer: EVP, General Counsel & Secrtry | 3100 CUMBERLAND BLVD, STE 1700, ATLANTA GA 30339 |
Joseph E Reece | director | ONE VALERO WAY, BUILDING D, SUITE 200, SAN ANTONIO TX 78249 |
Timothy Charles Oliver | officer: See Remarks | C/O NCR CORPORATION, 864 SPRING STREET NW, ATLANTA GA 30308 |
Ncr Corp | 10 percent owner | 864 SPRING STREET NW, ATLANTA GA 30309 |
Yi Song | officer: Vice President, other: Manager | 864 SPRING STREET, ATLANTA GA 30308 |
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