GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cepton Inc (NAS:CPTN) » Definitions » Return-on-Tangible-Asset

Cepton (Cepton) Return-on-Tangible-Asset : -37.16% (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Cepton Return-on-Tangible-Asset?

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. Cepton's annualized Net Income for the quarter that ended in Mar. 2024 was $-27.33 Mil. Cepton's average total tangible assets for the quarter that ended in Mar. 2024 was $73.54 Mil. Therefore, Cepton's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -37.16%.

The historical rank and industry rank for Cepton's Return-on-Tangible-Asset or its related term are showing as below:

CPTN' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -112.82   Med: -76.59   Max: 27.75
Current: -47.35

During the past 5 years, Cepton's highest Return-on-Tangible-Asset was 27.75%. The lowest was -112.82%. And the median was -76.59%.

CPTN's Return-on-Tangible-Asset is ranked worse than
95.28% of 2481 companies
in the Hardware industry
Industry Median: 2.35 vs CPTN: -47.35

Cepton Return-on-Tangible-Asset Historical Data

The historical data trend for Cepton'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.

* Premium members only.

Cepton Return-on-Tangible-Asset Chart

Cepton Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
-102.53 -60.34 -112.82 27.75 -76.59

Cepton Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -76.09 -57.11 -50.93 -41.67 -37.16

Competitive Comparison of Cepton's Return-on-Tangible-Asset

For the Scientific & Technical Instruments subindustry, Cepton'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.


Cepton's Return-on-Tangible-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cepton's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Cepton's Return-on-Tangible-Asset falls into.



Cepton Return-on-Tangible-Asset Calculation

Cepton's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=-48.546/( (50.316+76.449)/ 2 )
=-48.546/63.3825
=-76.59 %

Cepton's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=-27.332/( (76.449+70.636)/ 2 )
=-27.332/73.5425
=-37.16 %

* 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 (Mar. 2024) net income data.


Cepton  (NAS:CPTN) 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 company’s 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 company’s 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.


Cepton Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Cepton's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Cepton (Cepton) Business Description

Industry
Traded in Other Exchanges
N/A
Address
399 West Trimble Road, San Jose, CA, USA, 95131
Cepton Inc provides lidar-based solutions for a range of markets such as automotive, smart cities, smart spaces and smart industrial applications. The company's patented MMT-based lidar technology enables reliable, scalable and cost-effective solutions that deliver long range, high resolution 3D perception for smart applications.
Executives
Ming Qiu officer: Controller C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Liqun Han officer: SVP of Operations C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Jun Pei director, 10 percent owner, officer: CEO and President C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Mark Mccord officer: Chief Technology Officer C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Hideharu Konagaya director C/O CEPTON, INC., 399 WEST TRIMBLE ROAD, SAN JOSE CA 95131
Paul Anawalt officer: General Counsel and Secretary C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Hull Xu officer: Chief Financial Officer C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Jinying Chen officer: Corporate Controller C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Ldv Partners Fund I, L.p. 10 percent owner 24201 SUMMERHILL AVENUE, LOS ALTOS CA 94024
Xiaogang Zhang director C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Koito Manufacturing Co., Ltd. 10 percent owner 4-8-3, TAKANAWA, MINATO-KU, TOKYO M0 1088711
May Wang director C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Winston S Fu director, 10 percent owner, officer: CFO and Secretary 24201 SUMMERHILL AVENUE, LOS ALTOS CA 94024
Takayuki Katsuda director C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131
Dongyi Liao officer: SVP of Applications C/O CEPTON, INC., 399 W. TRIMBLE ROAD, SAN JOSE CA 95131