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Tangibility

function
frds.measures.corporate.tangibility(data)

Asset tangibility

Property, plant and equipment (net) scaled by total assets

\text{Tangibility}_{i,t} = \frac{PPENT_{i,t}}{AT_{i,t}}

where PPENT and AT are from Compustat Fundamentals Annual WRDS.COMP.FUNDA.

If data is a Fundamentals Quarterly dataset:

\text{Tangibility}_{i,t} = \frac{PPENTQ_{i,t}}{ATQ_{i,t}}
Parameters
  • data (Union[Funda, Fundq]) Input dataset
Returns (Union[pd.Series, None])

Tangibility

Examples
>>> from frds.data.wrds.comp import Funda
>>> from frds.io.wrds import load
>>> from frds.measures.corporate import tangibility
>>> FUNDA = load(Funda)
>>> tangibility(FUNDA)
GVKEY   DATADATE
001000  1961-12-31         NaN
        1962-12-31         NaN
        1963-12-31         NaN
        1964-12-31    0.397599
        1965-12-31    0.604762
                        ...
001004  1982-05-31    0.286231
        1983-05-31    0.287057
        1984-05-31    0.245198
        1985-05-31    0.221782
        1986-05-31    0.194738
Name: Tangibility, Length: 100, dtype: float64

Last update: June 3, 2021