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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. Everything Blockchain's annualized Net Income for the quarter that ended in Oct. 2023 was $-6.83 Mil. Everything Blockchain's average total tangible assets for the quarter that ended in Oct. 2023 was $1.60 Mil. Therefore, Everything Blockchain's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2023 was -425.94%.
The historical rank and industry rank for Everything Blockchain's Return-on-Tangible-Asset or its related term are showing as below:
During the past 5 years, Everything Blockchain's highest Return-on-Tangible-Asset was 44.49%. The lowest was -2879.61%. And the median was -104.90%.
The historical data trend for Everything Blockchain'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.
Everything Blockchain Annual Data | |||||||||||
Trend | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | ||||||
Return-on-Tangible-Asset | -104.90 | -46.08 | -2,879.61 | 44.49 | -138.91 |
Everything Blockchain Quarterly Data | ||||||||||||||||||||
Jan19 | Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -80.23 | -290.12 | -163.97 | -382.50 | -425.94 |
For the Software - Application subindustry, Everything Blockchain'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 Software industry and Technology sector, Everything Blockchain's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Everything Blockchain's Return-on-Tangible-Asset falls into.
Everything Blockchain'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 ) | |||||
= | -9.444 | / | ( (8.703 | + | 4.894) | / 2 ) | |
= | -9.444 | / | 6.7985 | ||||
= | -138.91 % |
Everything Blockchain'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 ) | |||||
= | -6.832 | / | ( (2.486 | + | 0.722) | / 2 ) | |
= | -6.832 | / | 1.604 | ||||
= | -425.94 % |
* 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.
Everything Blockchain (OTCPK:EBZT) 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 Everything Blockchain's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael W Hawkins | director, officer: CEO, CFO | 12574 FLAGLER CENTER BLVD., STE 101, JACKSONVILLE FL 32258 |
Eric C Jaffe | director | 12574 FLAGLER CENTER BLVD, SUITE 101, JACKSONVILLE FL 32258 |
Schaeffer Richard C Jr | director | 761 DIVIDING ROAD, SEVERNA PARK MD 21146-4305 |
William C Regan | officer: Interim CFO | 12574 FLAGLER CENTER BLVD, SUITE 101, JACKSONVILLE FL 32258 |
Brandon Hart | officer: Chief Technology Officer | 2627 RED FERN DR., DOVER FL 33527 |
Toney Jennings | officer: Chief Operating Officer | 5125 WHISPERING LEAF TRAIL, VALRICO FL 33596 |
Paul Rosenberg | director | 2367 JAWED PL, DUNN LORING VA 22027 |
Cedric Harris | officer: Chief Research Officer | 15302 OYSTER CREEK LN, SUGARLAND TX 77478 |
A.p.o. Holdings, Llc. | 10 percent owner | 30344 WOODBURY CIRCLE, MENIFEE CA 92584 |
Mcig, Inc. | 10 percent owner | 1064 AVE PONCE DE LEON, SUITE 200, SAN JUAN PR 00907 |
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