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. Digital Ally's annualizedNet Income for the quarter that ended in Dec. 2023 was $-29.92 Mil. Digital Ally's average total tangible assets for the quarter that ended in Dec. 2023 was $32.51 Mil. Therefore, Digital Ally's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -92.05%.
The historical rank and industry rank for Digital Ally's Return-on-Tangible-Asset or its related term are showing as below:
DGLY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -117.2 Med: -59.89 Max: 58.91
Current: -72.16
During the past 13 years, Digital Ally's highest Return-on-Tangible-Asset was 58.91%. The lowest was -117.20%. And the median was -59.89%.
DGLY's Return-on-Tangible-Asset is ranked worse than 87.1% of 597
companies
in the Interactive Media industry
Industry Median: -1.88
vs DGLY: -72.16
Digital Ally Return-on-Tangible-Asset Historical Data
The historical data trend for Digital Ally'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 Digital Ally's Return-on-Tangible-Asset
For the Internet Content & Information subindustry, Digital Ally'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.
Digital Ally's Return-on-Tangible-Asset Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Digital Ally's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Digital Ally's Return-on-Tangible-Asset falls into.
Digital Ally Return-on-Tangible-Asset Calculation
Digital Ally'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 (Dec. 2023) net income data.
Digital Ally (NAS:DGLY) 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.
Digital Ally Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Digital Ally's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Digital Ally Inc produces digital video imaging and storage products for use in law enforcement, security, and commercial applications. Its products are an in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets. It can integrate electronic, radio, computer and multi-media technologies to create solutions to address needs in a variety of other industries and markets, including mass transit, school bus, taxicab and military. The company sells its products to law enforcement agencies and other security organizations and consumer and commercial fleet operators through direct sales domestically and third-party distributors internationally. It has three segments: Video Solutions Segment, Revenue Cycle Management and Ticketing Segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
DGLY has been successfully added to your 