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Inspira Technologies Oxy BHN (Inspira Technologies Oxy BHN) Return-on-Tangible-Asset : -93.17% (As of Jun. 2023)


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What is Inspira Technologies Oxy BHN 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. Inspira Technologies Oxy BHN's annualized Net Income for the quarter that ended in Jun. 2023 was $-11.30 Mil. Inspira Technologies Oxy BHN's average total tangible assets for the quarter that ended in Jun. 2023 was $12.12 Mil. Therefore, Inspira Technologies Oxy BHN's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was -93.17%.

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

IINNW' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2376.62   Med: -128.03   Max: -71.25
Current: -139.63

During the past 6 years, Inspira Technologies Oxy BHN's highest Return-on-Tangible-Asset was -71.25%. The lowest was -2376.62%. And the median was -128.03%.

IINNW's Return-on-Tangible-Asset is ranked worse than
90.88% of 866 companies
in the Medical Devices & Instruments industry
Industry Median: -2.745 vs IINNW: -139.63

Inspira Technologies Oxy BHN Return-on-Tangible-Asset Historical Data

The historical data trend for Inspira Technologies Oxy BHN'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.

Inspira Technologies Oxy BHN Return-on-Tangible-Asset Chart

Inspira Technologies Oxy BHN Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial -2,376.62 -1,062.16 -128.03 -71.25 -88.60

Inspira Technologies Oxy BHN Quarterly Data
Jun19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
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 -75.29 -181.93 -81.99 -93.17 -

Competitive Comparison of Inspira Technologies Oxy BHN's Return-on-Tangible-Asset

For the Medical Devices subindustry, Inspira Technologies Oxy BHN'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.


Inspira Technologies Oxy BHN's Return-on-Tangible-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Inspira Technologies Oxy BHN's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Inspira Technologies Oxy BHN's Return-on-Tangible-Asset falls into.



Inspira Technologies Oxy BHN Return-on-Tangible-Asset Calculation

Inspira Technologies Oxy BHN'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 )
=-11.286/( (16.166+9.31)/ 2 )
=-11.286/12.738
=-88.60 %

Inspira Technologies Oxy BHN's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2023 )  (Q: Mar. 2023 )(Q: Jun. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2023 )  (Q: Mar. 2023 )(Q: Jun. 2023 )
=-11.296/( (13.408+10.84)/ 2 )
=-11.296/12.124
=-93.17 %

* 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. 2023) net income data.


Inspira Technologies Oxy BHN  (NAS:IINNW) 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.


Inspira Technologies Oxy BHN Return-on-Tangible-Asset Related Terms

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Inspira Technologies Oxy BHN (Inspira Technologies Oxy BHN) Business Description

Traded in Other Exchanges
Address
2 Ha-Tidhar Street, Ra'anana, ISR, 4366504
Inspira Technologies Oxy BHN Ltd is a specialty medical device company engaged in the research, development, manufacture, and marketing of proprietary respiratory support technology that is intended to provide an alternative to invasive mechanical ventilation (MV), which is the standard of care today for the treatment of respiratory failure. The respiratory care devices market is segmented geographically into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.