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. Ligand Pharmaceuticals's annualizedNet Income for the quarter that ended in Dec. 2022 was $-69.9 Mil. Ligand Pharmaceuticals's average total tangible assets for the quarter that ended in Dec. 2022 was $323.3 Mil. Therefore, Ligand Pharmaceuticals's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2022 was -21.64%.
The historical rank and industry rank for Ligand Pharmaceuticals's Return-on-Tangible-Asset or its related term are showing as below:
LGND'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.64 Med: 9.5 Max: 73.61
Current: -7.64
During the past 13 years, Ligand Pharmaceuticals's highest Return-on-Tangible-Asset was 73.61%. The lowest was -7.64%. And the median was 9.50%.
LGND's Return-on-Tangible-Asset is ranked better than 78.17% of 1576
companies
in the Biotechnology industry
Industry Median: -37.98
vs LGND: -7.64
Ligand Pharmaceuticals Return-on-Tangible-Asset Historical Data
The historical data trend for Ligand Pharmaceuticals'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.
Ligand Pharmaceuticals Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Return-on-Tangible-Asset
22.75
60.16
-0.34
8.33
-6.01
Ligand Pharmaceuticals Quarterly Data
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Return-on-Tangible-Asset
-3.29
-10.44
-0.98
0.46
-21.64
Competitive Comparison
For the Biotechnology subindustry, Ligand Pharmaceuticals'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.
Ligand Pharmaceuticals Return-on-Tangible-Asset Distribution
For the Biotechnology industry and Healthcare sector, Ligand Pharmaceuticals's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ligand Pharmaceuticals's Return-on-Tangible-Asset falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Asset's extreme value range as defined by GuruFocus.
* 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 (Dec. 2022) net income data.
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 companyÂ’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 companyÂ’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.
Ligand Pharmaceuticals Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Ligand Pharmaceuticals's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Ligand Pharmaceuticals (NAS:LGND) Business Description
Ligand Pharmaceuticals Inc is a biopharmaceutical company focused on developing and acquiring technologies that aid in creating medicine. The company has partnerships and license agreements with various pharmaceutical and biotechnology companies. Ligand's business model is based on drug discovery, early-stage drug development, product reformulation, and partnerships. The company's revenue consists of three primary elements: royalties from commercialized products, license and milestone payments, and sale of its trademarked Captisol material.
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