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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. MGT Capital Investments's annualized Net Income for the quarter that ended in Dec. 2023 was $-21.82 Mil. MGT Capital Investments's average total tangible assets for the quarter that ended in Dec. 2023 was $1.11 Mil. Therefore, MGT Capital Investments's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -1,968.95%.
The historical rank and industry rank for MGT Capital Investments's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, MGT Capital Investments's highest Return-on-Tangible-Asset was -59.50%. The lowest was -919.67%. And the median was -297.21%.
The historical data trend for MGT Capital Investments'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.
MGT Capital Investments Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -364.58 | -117.88 | -59.50 | -264.16 | -474.32 |
MGT Capital Investments Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 2,272.83 | -982.35 | 686.20 | 210.51 | -1,968.95 |
For the Capital Markets subindustry, MGT Capital Investments'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 Capital Markets industry and Financial Services sector, MGT Capital Investments's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MGT Capital Investments's Return-on-Tangible-Asset falls into.
MGT Capital Investments'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 ) | |||||
= | -6.133 | / | ( (1.654 | + | 0.932) | / 2 ) | |
= | -6.133 | / | 1.293 | ||||
= | -474.32 % |
MGT Capital Investments's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -21.816 | / | ( (1.284 | + | 0.932) | / 2 ) | |
= | -21.816 | / | 1.108 | ||||
= | -1,968.95 % |
* 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. 2023) net income data.
MGT Capital Investments (OTCPK:MGTI) 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 MGT Capital Investments's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen Schaeffer | officer: Chief Operating Officer | 512 S. MANGUM STREET, SUITE 408, DURHAM NC 27701 |
Robert Ladd | director, 10 percent owner | C/O LADDCAP VALUE ADVISORS LLC, 650 FIFTH AVENUE, SUITE 600, NEW YORK NY 10019 |
Robert S Lowrey | officer: CFO, Treasurer, Secretary | 512 S MAGNUM STREET, STE 408, DURHAM NC 27701 |
Nolan K Bushnell | director | 5443 BEETHOVEN ST, LOS ANGELES CA 90066 |
Hugh Robert Holmes | director | 500 MAMARONECK AVENUE, SUITE 204, HARRISON NY 10528 |
Iroquois Master Fund Ltd. | 10 percent owner | 641 LEXINGTON AVENUE, 26TH FLOOR, NEW YORK NY 10022 |
Joshua Silverman | 10 percent owner | IROQUOIS CAPITAL MANAGEMENT LLC, 205 EAST 42ND ST - 20TH FL., NEW YORK NY 10017 |
Iroquois Capital Management, Llc | 10 percent owner | 641 LEXINGTON AVENUE, 26TH FLOOR, NEW YORK, NY 10022 |
Michael Onghai | director | 122 WEST 26TH ST. 5TH FLOOR, NEW YORK NY 10001 |
J&s Gaming, Inc. | 10 percent owner | 12 MAY HILL LANE, DIX HILLS NY 11746 |
Laddcap Value Partners Iii Llc | other: Managing Member | 335 MADISON AVENUE, SUITE 1100, NEW YORK NY 10017 |
Robert Paul Traversa | officer: Chief Financial Officer | C/O MGT CAPITAL INVESTMENTS, INC., 500 MAMARONECK AVENUE, SUITE 204, HARRISON NY 10528 |
Neal Wyman | director | KENSINGTON CENTRE, 66 HAMMERSMITH ROAD, LONDON X0 W14 8UD |
Peter Venton | director | KENSINGTON CENTRE, 66 HAMMERSMITH ROAD, LONDON X0 W14 8UD |
Richard Wolfe Cohen | director | ONE NORTH BROADWAY, SUITE 509, WHITE PLAINS NY 10601 |
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