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TripSitter Clinic (TripSitter Clinic) Return-on-Tangible-Asset : -739.39% (As of Oct. 2023)


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What is TripSitter Clinic 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. TripSitter Clinic's annualized Net Income for the quarter that ended in Oct. 2023 was $-0.24 Mil. TripSitter Clinic's average total tangible assets for the quarter that ended in Oct. 2023 was $0.03 Mil. Therefore, TripSitter Clinic's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2023 was -739.39%.

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

TSTTF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -913.32   Med: -240.23   Max: -22.92
Current: -506.1

During the past 3 years, TripSitter Clinic's highest Return-on-Tangible-Asset was -22.92%. The lowest was -913.32%. And the median was -240.23%.

TSTTF's Return-on-Tangible-Asset is ranked worse than
97.92% of 672 companies
in the Healthcare Providers & Services industry
Industry Median: 1.545 vs TSTTF: -506.10

TripSitter Clinic Return-on-Tangible-Asset Historical Data

The historical data trend for TripSitter Clinic'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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TripSitter Clinic Return-on-Tangible-Asset Chart

TripSitter Clinic Annual Data
Trend Jan21 Jan22 Jan23
Return-on-Tangible-Asset
-22.96 -915.95 -226.71

TripSitter Clinic Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -508.11 -890.26 -131.03 -118.92 -739.39

Competitive Comparison of TripSitter Clinic's Return-on-Tangible-Asset

For the Health Information Services subindustry, TripSitter Clinic'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.


TripSitter Clinic's Return-on-Tangible-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, TripSitter Clinic's Return-on-Tangible-Asset distribution charts can be found below:

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



TripSitter Clinic Return-on-Tangible-Asset Calculation

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jan. 2023 )  (A: Jan. 2022 )(A: Jan. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jan. 2023 )  (A: Jan. 2022 )(A: Jan. 2023 )
=-1.392/( (1.154+0.074)/ 2 )
=-1.392/0.614
=-226.71 %

TripSitter Clinic's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Oct. 2023 )  (Q: Jul. 2023 )(Q: Oct. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Oct. 2023 )  (Q: Jul. 2023 )(Q: Oct. 2023 )
=-0.244/( (0.032+0.034)/ 2 )
=-0.244/0.033
=-739.39 %

* 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 (Oct. 2023) net income data.


TripSitter Clinic  (OTCPK:TSTTF) 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.


TripSitter Clinic Return-on-Tangible-Asset Related Terms

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


TripSitter Clinic (TripSitter Clinic) Business Description

Traded in Other Exchanges
Address
77 King Street West, Suite 700, Toronto, ON, CAN, M5K 1G8
TripSitter Clinic Ltd is a consultative virtual clinic and telehealth platform that connects prospective patients to a licensed physician in the United States who can evaluate for a prescribed treatment program of low-dose, oral ketamine medication. Its revenues are generated from the provision of initial consultations and monthly subscriptions to patients seeking mental health treatment that includes legal psychedelic medicine connected with licensed medical practitioners.