What is Global Blood Therapeutics 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. Global Blood Therapeutics's annualizedNet Income for the quarter that ended in Jun. 2022 was $-329.9 Mil. Global Blood Therapeutics's average total tangible assets for the quarter that ended in Jun. 2022 was $870.0 Mil. Therefore, Global Blood Therapeutics's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 was -37.92%.
The historical rank and industry rank for Global Blood Therapeutics's Return-on-Tangible-Asset or its related term are showing as below:
GBT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -293.52 Med: -41.86 Max: -32.57
Current: -41.32
During the past 9 years, Global Blood Therapeutics's highest Return-on-Tangible-Asset was -32.57%. The lowest was -293.52%. And the median was -41.86%.
GBT's Return-on-Tangible-Asset is not ranked
in the Biotechnology industry.
Industry Median: -40.12
vs GBT: -41.32
Global Blood Therapeutics Return-on-Tangible-Asset Historical Data
The historical data trend for Global Blood Therapeutics'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.
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Global Blood Therapeutics Return-on-Tangible-Asset Chart
Competitive Comparison of Global Blood Therapeutics's Return-on-Tangible-Asset
For the Biotechnology subindustry, Global Blood Therapeutics'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.
Global Blood Therapeutics's Return-on-Tangible-Asset Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Global Blood Therapeutics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Global Blood Therapeutics's Return-on-Tangible-Asset falls into.
Global Blood Therapeutics Return-on-Tangible-Asset Calculation
Global Blood Therapeutics'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 (Jun. 2022) net income data.
Global Blood Therapeutics (NAS:GBT) 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.
Global Blood Therapeutics Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Global Blood Therapeutics's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Blood Therapeutics (Global Blood Therapeutics) Business Description
Global Blood Therapeutics Inc operates in the healthcare sector of the United States. It discovers and develops novel therapeutics to address blood-based disorders. GBT440, its lead drug candidate targets the underlying mechanism of red blood cell (RBC) sickling, which provides the potential to treat sickle cell disease. GBT440. an oral, once-daily therapy arrests abnormal hemoglobin polymerization, the underlying mechanism of RBC sickling. In addition, the company is engaged in other research and development activities targeted at hereditary angioedema and owns exclusively licensed rights to its portfolio of product candidates in the United States, Europe, and other major markets.
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