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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. Blue Sphere's annualized Net Income for the quarter that ended in Dec. 2018 was $9.47 Mil. Blue Sphere's average total tangible assets for the quarter that ended in Dec. 2018 was $43.33 Mil. Therefore, Blue Sphere's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2018 was 21.86%.
The historical rank and industry rank for Blue Sphere's Return-on-Tangible-Asset or its related term are showing as below:
The historical data trend for Blue Sphere'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.
Blue Sphere Annual Data | |||||||||||||||||||||
Trend | Sep09 | Sep10 | Sep11 | Sep12 | Sep13 | Sep14 | Sep15 | Dec16 | Dec17 | Dec18 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -900.61 | -240.83 | -16.61 | -13.57 | -24.92 |
Blue Sphere Quarterly Data | ||||||||||||||||||||
Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -34.72 | -20.08 | -55.96 | -45.73 | 21.86 |
For the Utilities - Renewable subindustry, Blue Sphere'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 Utilities - Independent Power Producers industry and Utilities sector, Blue Sphere's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Blue Sphere's Return-on-Tangible-Asset falls into.
Blue Sphere's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2018 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2018 ) | (A: Dec. 2017 ) | (A: Dec. 2018 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2018 ) | (A: Dec. 2017 ) | (A: Dec. 2018 ) | |||||
= | -10.443 | / | ( (41.087 | + | 42.713) | / 2 ) | |
= | -10.443 | / | 41.9 | ||||
= | -24.92 % |
Blue Sphere's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2018 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2018 ) | (Q: Sep. 2018 ) | (Q: Dec. 2018 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2018 ) | (Q: Sep. 2018 ) | (Q: Dec. 2018 ) | |||||
= | 9.472 | / | ( (43.956 | + | 42.713) | / 2 ) | |
= | 9.472 | / | 43.3345 | ||||
= | 21.86 % |
* 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. 2018) net income data.
Blue Sphere (GREY:BLSP) 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 Blue Sphere's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Yosef Keret | officer: Chief Financial Officer | 4 YEHOSHUA BEN NOON ST., HOD HASHARON L3 4523602 |
Ran Daniel | officer: Chief Financial Officer | 101 WEST 90TH STREET, NEW YORK NY 10024 |
Lyron L Bentovim | other: Former Director | 60 CUTTER MILL ROAD, GREAT NECK, NEW YORK NY 11021 |
Lazarus Israel Opportunities Fund Lllp | 10 percent owner | C/O IBEX GP LLC, 260 NORTH JOSEPHINE STREET, SUITE 300, DENVER CO 80206 |
Lazarus Investment Partners Lllp | 10 percent owner | C/O IBEX INVESTORS LLC, 260 NORTH JOSEPHINE STREET, SUITE 300, DENVER CO 80206 |
Justin B Borus | 10 percent owner | 260 N. JOSEPHINE STREET, SUITE 300, DENVER CO 80206 |
Lazarus Management Co Llc | 10 percent owner | 260 N. JOSEPHINE STREET, SUITE 300, DENVER CO 80206 |
Dr Borenstein Ltd | 10 percent owner | 18 REINES ST, TEL AVIV L3 00000 |
Alex Weber | officer: Chief Financial Officer | POB - 961, NARKIS 2, KOHAV YAIR L3 44864 |
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