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. CYREN's annualizedNet Income for the quarter that ended in Sep. 2022 was $-23.15 Mil. CYREN's average total tangible assets for the quarter that ended in Sep. 2022 was $29.69 Mil. Therefore, CYREN's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2022 was -77.97%.
The historical rank and industry rank for CYREN's Return-on-Tangible-Asset or its related term are showing as below:
CYRNQ's Return-on-Tangible-Asset is not ranked *
in the Software industry.
Industry Median: 1.29 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
CYREN Return-on-Tangible-Asset Historical Data
The historical data trend for CYREN'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 CYREN's Return-on-Tangible-Asset
For the Software - Infrastructure subindustry, CYREN'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.
CYREN's Return-on-Tangible-Asset Distribution in the Software Industry
For the Software industry and Technology sector, CYREN's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CYREN's Return-on-Tangible-Asset falls into.
CYREN Return-on-Tangible-Asset Calculation
CYREN's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2021 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 (Sep. 2022) net income data.
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.
CYREN Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of CYREN's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
CYREN Ltd is a provider of cloud-delivered Software-as-a-Service (SaaS) cybersecurity solutions that protect businesses. Its cloud security products and services fall into the categories of Cyren Threat Detection Services; Cyren Threat Intelligence Data and Cyren Enterprise Email Security Products. It derives revenues from the sale of real-time cloud-based services for each of the company's email security, web security, anti-malware, and advanced threat protection offerings. The group has a business presence in Israel, the United States, Germany and other countries, of which prime revenue is derived from Israel. The company's offerings include Email Security Detection Engine, Malware Detection Engine, Web Security Engine, Phishing Intelligence, Malware Intelligence and other services.
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