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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. Creative Medical Technology Holdings's annualized Net Income for the quarter that ended in Mar. 2024 was $-4.17 Mil. Creative Medical Technology Holdings's average total tangible assets for the quarter that ended in Mar. 2024 was $9.74 Mil. Therefore, Creative Medical Technology Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -42.79%.
The historical rank and industry rank for Creative Medical Technology Holdings's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Creative Medical Technology Holdings's highest Return-on-Tangible-Asset was 354.53%. The lowest was -37838.54%. And the median was -2507.92%.
The historical data trend for Creative Medical Technology Holdings'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.
Creative Medical Technology Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -4,169.04 | -37,838.54 | 354.53 | -68.80 | -36.43 |
Creative Medical Technology Holdings Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -25.07 | -30.88 | -45.11 | -60.18 | -42.79 |
For the Biotechnology subindustry, Creative Medical Technology Holdings'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.
For the Biotechnology industry and Healthcare sector, Creative Medical Technology Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Creative Medical Technology Holdings's Return-on-Tangible-Asset falls into.
Creative Medical Technology Holdings'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 ) | |||||
= | -5.287 | / | ( (18.75 | + | 10.274) | / 2 ) | |
= | -5.287 | / | 14.512 | ||||
= | -36.43 % |
Creative Medical Technology Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -4.168 | / | ( (10.274 | + | 9.208) | / 2 ) | |
= | -4.168 | / | 9.741 | ||||
= | -42.79 % |
* 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 (Mar. 2024) net income data.
Creative Medical Technology Holdings (NAS:CELZ) 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.
Thank you for viewing the detailed overview of Creative Medical Technology Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Timothy Warbington | director, 10 percent owner, officer: President & CEO | 211 E. OSBORN ROAD, PHOENIX AZ 85012 |
Michael H. Finger | director | 1551 N. DIANE ST., MESA AZ 85203-3850 |
Susan H Snow | director | 26 SEDGE FERN DRIVE, HILTON HEAD SC 29926 |
Bruce Steven Urdang | director | 5171 E. HAWTHORNE DR., FLAGSTAFF AZ 86004-7377 |
Thomas Ichim | director | 211 E. OSBORN RD, PHOENIX AZ 85012 |
Creative Medical Health Inc. | 10 percent owner | 211 E. OSBORN RD, PHOENIX AZ 85012 |
Timothy Herbst | 10 percent owner | 2031 W. PEORIA AVE., SUITE 250, PHOENIX AZ 85029 |
Amit Nilkanth Patel | director | 1040 CHARTWELL CT., SALT LAKE CITY UT 84121 |
Donald Dickerson | director, officer: CFO & Sr.VP | 822 VERA STREET, SOLANA BEACH CA 92075 |
Steven L White | director, officer: President,Secretary,Treasurer | 386 NORTH 210 EAST, MAPLETON UT 84664 |
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