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Tan Delta Systems (LSE:TAND) ROA % : 0.00% (As of Dec. 2023)


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What is Tan Delta Systems ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Tan Delta Systems's annualized Net Income for the quarter that ended in Dec. 2023 was £0.00 Mil. Tan Delta Systems's average Total Assets over the quarter that ended in Dec. 2023 was £3.32 Mil. Therefore, Tan Delta Systems's annualized ROA % for the quarter that ended in Dec. 2023 was 0.00%.

The historical rank and industry rank for Tan Delta Systems's ROA % or its related term are showing as below:

LSE:TAND' s ROA % Range Over the Past 10 Years
Min: -33.64   Med: 4.58   Max: 31.83
Current: -1.44

During the past 4 years, Tan Delta Systems's highest ROA % was 31.83%. The lowest was -33.64%. And the median was 4.58%.

LSE:TAND's ROA % is ranked worse than
66.09% of 1091 companies
in the Oil & Gas industry
Industry Median: 2.58 vs LSE:TAND: -1.44

Tan Delta Systems ROA % Historical Data

The historical data trend for Tan Delta Systems's ROA % 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.

Tan Delta Systems ROA % Chart

Tan Delta Systems Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROA %
5.77 3.38 31.83 -33.64

Tan Delta Systems Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
ROA % Get a 7-Day Free Trial - 5.83 49.67 -54.23 -

Competitive Comparison of Tan Delta Systems's ROA %

For the Oil & Gas Equipment & Services subindustry, Tan Delta Systems's ROA %, along with its competitors' market caps and ROA % 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.


Tan Delta Systems's ROA % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tan Delta Systems's ROA % distribution charts can be found below:

* The bar in red indicates where Tan Delta Systems's ROA % falls into.



Tan Delta Systems ROA % Calculation

Tan Delta Systems's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=-1.1/( (1.051+5.488)/ 2 )
=-1.1/3.2695
=-33.64 %

Tan Delta Systems's annualized ROA % for the quarter that ended in Dec. 2023 is calculated as:

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0/( (1.147+5.488)/ 2 )
=0/3.3175
=0.00 %

* 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Dec. 2023) net income data. ROA % is displayed in the 30-year financial page.


Tan Delta Systems  (LSE:TAND) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=0/3.3175
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0 / 0)*(0 / 3.3175)
=Net Margin %*Asset Turnover
=N/A %*0
=0.00 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) revenue data.

* 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.


Be Aware

Like ROE, ROA % 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. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Tan Delta Systems ROA % Related Terms

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Tan Delta Systems (LSE:TAND) Business Description

Traded in Other Exchanges
N/A
Address
Church Lane, 1 Carrera Court, Dinnington, Sheffield, GBR, S25 2RG
Tan Delta Systems plc develops advanced real-time oil analysis and analytic technologies and products with unique capabilities that enable equipment operators to significantly reduce operating costs, improve efficiency and reduce carbon footprint. It develops all its core technologies and products in-house, with manufacturing undertaken by its carefully selected manufacturing partners with whom its dedicated production QA department works. The company operates on a global scale with customers ranging from the largest engine manufacturers to small single equipment operators, from North America and Australia to Chile, India, Russia and Finland. Its products include Sensors, Kits, Display solutions, Gateways & modems and Accessories & services.

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