Tangible Asset Value
Calculate the tangible asset value, a financial metric that represents the total value of a company’s assets that can be used to generate revenue. Tangible assets are those physical assets that have a finite monetary value and can be sold, used, or consumed.
The formula is as follows:
\[\text{Tangible Asset Value} = \text{Total Assets} - \text{Total Liabilities} - \text{Goodwill}\]Also known as: tangible assets, net tangible assets.
Tangible Asset Value in Python
Install the Finance Toolkit with:
pip install financetoolkit -U
Then call get_tangible_asset_value as shown below.
from financetoolkit import Toolkit
toolkit = Toolkit(["AAPL", "TSLA"], api_key="FINANCIAL_MODELING_PREP_KEY")
tangible_asset_value = toolkit.ratios.get_tangible_asset_value()
Which returns:
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| AAPL | 6.309e+10 | 5.0672e+10 | 6.2146e+10 | 5.695e+10 | 7.3733e+10 |
| TSLA | 3.1383e+10 | 4.5704e+10 | 6.3356e+10 | 7.3436e+10 | 8.2608e+10 |
Parameters
The function accepts the following parameters:
- rounding (int, optional): The number of decimals to round the results to. Defaults to 4.
- growth (bool, optional): Whether to calculate the growth of the ratios. Defaults to False.
- lag (int | str, optional): The lag to use for the growth calculation. Defaults to 1.
- standardize (bool, optional): Whether to standardize (Z-Score) the result. When combined with growth=True, standardizes the growth values instead of the raw values. Defaults to False.
- trailing (int): Defines whether to select a trailing period. E.g. when selecting 4 with quarterly data, the TTM is calculated.