Tangible Asset Value (Historical) Formula in Excel

The Tangible Asset Value (Historical) formula in Excel (with MarketXLS) retrieves the historical value of a company's tangible assets based on its physical property. This function is particularly useful for investors and analysts who want a clear view of a firm's real, physical worth over specific years or quarters. By leveraging MarketXLS historical fundamental data, you can effortlessly compare changes in tangible asset values over time.

Understanding Tangible Asset Value (Historical)

• Purpose and Use Cases
  The Tangible Asset Value (Historical) formula helps in analyzing a company's physical property value over different periods. It is commonly used to assess a firm's net worth without accounting for intangible assets like patents, goodwill, or intellectual property.
• Key Benefits
  • Ideal for fundamental analysis, offering greater insight into a company’s real assets.
  • Enables historical trend analysis for better investment decisions.
  • Helps in valuation models where tangible assets are crucial.
• When to Use
  Use the Tangible Asset Value (Historical) formula when you need to:
  • Evaluate a company’s core, non-intangible asset base over time.
  • Compare businesses in asset-intensive industries (e.g., manufacturing, real estate).
  • Pinpoint changes in physical asset valuations from quarter to quarter or year to year.

Syntax and Parameters

=hf_Tangible_Asset_Value(Symbol, year, [quarter], [TTM])

?? Note: If an invalid symbol or license status is detected, the formula may return "NA".

Return Value Details

• Returns a numeric value representing the company's tangible asset value for the specified period.
• If the data is unavailable or the symbol is invalid, the result will be "NA".

? Pro Tip: You can reference cells containing dates or use Excel's date functions for dynamic inputs. For example:
• =hf_Tangible_Asset_Value(A1, 2023)
• =hf_Tangible_Asset_Value("MSFT", TEXT(A1, "yyyy"), 2, "TTM")

Examples and Usage

Below are a few practical examples demonstrating how to use this formula for various scenarios.

1. Retrieve Tangible Asset Value for a Stock Symbol

   =hf_Tangible_Asset_Value("MSFT", 2022)

   This fetches the tangible asset value of Microsoft for the year 2022.

2. Specify Year and Quarter

   =hf_Tangible_Asset_Value("MSFT", 2022, 2)

   Returns the tangible asset value for Microsoft in Q2 2022.

3. Use Trailing Twelve Months (TTM)

   =hf_Tangible_Asset_Value("MSFT", 2022, 3, "TTM")

   Retrieves tangible asset value based on trailing data for Q3 2022.

4. Reference Last Quarter or Last Year

   =hf_Tangible_Asset_Value("MSFT", "lq")
   =hf_Tangible_Asset_Value("MSFT", "ly")

   Fetches data for the most recent quarter or last year's data, respectively.

5. Direct Date References

   • Using a cell (A1 with a date):

     =hf_Tangible_Asset_Value("MSFT", TEXT(A1,"yyyy"))

   • Entering a date directly:

     =hf_Tangible_Asset_Value("MSFT", TEXT("2024-03-15","yyyy"))

• Some key benefits of retrieving tangible asset values include:
  • Identifying trends in core asset base.
  • Relative comparisons between capital-intensive firms.
  • Crafting deeper financial ratio analysis (e.g., price-to-tangible-book-value).

Common Questions

1. What does "NA" mean?
   If the formula returns "NA", it might be due to an invalid symbol, lack of historical data for the specified time period, or an inactive MarketXLS subscription.

2. Can I use this formula for non-US equities or indices?
   Yes, as long as MarketXLS supports those symbols (e.g., "^SPX" for indices or international tickers), you can retrieve tangible asset values if the data is available.

3. Do I need a special subscription for historical fundamental data?
   MarketXLS may require a specific plan to access historical fundamentals. If you do not have the required subscription, the function will return "NA."

4. How do I optimize performance when using multiple formulas?

   • Keep your spreadsheet clean by limiting real-time calls.
   • Use fewer quarter-by-quarter calls if you only need annual data.
   • Refresh formulas selectively by grouping them in separate worksheets.

5. Can I reference entire ranges?
   Typically, you call the formula on each cell that needs a specific symbol-year-quarter combination. Consider using Excel’s Fill Handle or array formulas for multiple symbols.

?? Note: For advanced or large-scale usage, ensure your MarketXLS plan provides adequate data refresh limits and that you follow best practices to avoid performance slowdowns.

Feel free to explore related MarketXLS historical fundamental functions, such as:

• Revenue (Historical): Returns the company's total revenue for a specified historical period.
• Cost Of Revenue (Historical): Provides the company’s total cost of revenue.
• Gross Profit (Historical): Delivers gross profit figures over a defined time range.
• R & D Expenses (Historical): Details R&D expenses for a given period.
• Selling General and Administrative Expense (Historical): Outlines SG&A expenses historically.

Leverage these insights to create thorough company analyses and refine your investment strategies.