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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. Turning Point Therapeutics's annualized Net Income for the quarter that ended in Jun. 2022 was $-492.35 Mil. Turning Point Therapeutics's average total tangible assets for the quarter that ended in Jun. 2022 was $891.06 Mil. Therefore, Turning Point Therapeutics's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 was -55.25%.
The historical rank and industry rank for Turning Point Therapeutics's Return-on-Tangible-Asset or its related term are showing as below:
During the past 5 years, Turning Point Therapeutics's highest Return-on-Tangible-Asset was -20.18%. The lowest was -36.14%. And the median was -27.45%.
The historical data trend for Turning Point Therapeutics'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.
Turning Point Therapeutics Annual Data | |||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | ||||||
Return-on-Tangible-Asset | -36.14 | -33.23 | -27.45 | -20.18 | -22.11 |
Turning Point Therapeutics Quarterly Data | |||||||||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -20.18 | -24.54 | -30.43 | -30.66 | -55.25 |
For the Biotechnology subindustry, Turning Point Therapeutics'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, Turning Point Therapeutics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Turning Point Therapeutics's Return-on-Tangible-Asset falls into.
Turning Point Therapeutics's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2021 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | -236.551 | / | ( (1136.713 | + | 1003.463) | / 2 ) | |
= | -236.551 | / | 1070.088 | ||||
= | -22.11 % |
Turning Point Therapeutics's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jun. 2022 ) | (Q: Mar. 2022 ) | (Q: Jun. 2022 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jun. 2022 ) | (Q: Mar. 2022 ) | (Q: Jun. 2022 ) | |||||
= | -492.352 | / | ( (938.786 | + | 843.335) | / 2 ) | |
= | -492.352 | / | 891.0605 | ||||
= | -55.25 % |
* 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 (Jun. 2022) net income data.
Turning Point Therapeutics (NAS:TPTX) 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 Turning Point Therapeutics's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Paolo Tombesi | officer: EVP & Chief Financial Officer | 10 FINDERNE AVENUE, BUILDING 10, BRIDGEWATER NJ 08807 |
Steve M Sabus | officer: SVP & Chief Commercial Officer | 10628 SCIENCE CENTER DRIVE, SUITE 200, SAN DIEGO CA 92121 |
Brian Sun | officer: SVP & General Counsel | C/O TURNING POINT THERAPEUTICS, INC. 10628 SCIENCE CENTER DRIVE, SUITE 200 SAN DIEGO CA 92121 |
Mohammad Hirmand | officer: EVP and Chief Medical Officer | C/O MEDIVATION, INC., 525 MARKET ST., 36TH FLOOR, SAN FRANCISCO CA 94105 |
Athena Countouriotis | director, officer: President & CEO | C/O AMBIT BIOSCIENCES CORPORATION, 11080 ROSELLE STREET, SAN DIEGO CA 92121 |
Siegfried Reich | officer: EVP & Chief Scientific Officer | 10505 ROSELLE STREET SAN DIEGO CA 92121 |
Andrew John Partridge | officer: EVP & Chief Commercial Officer | C/O CENTREXION THERAPEUTICS CORPORATION 200 STATE STREET BOSTON MA 02109 |
Annette North | officer: EVP, General Counsel & Secty. | C/O SGX PHARMACEUTICALS, INC., 10505 ROSELLE STREET, SAN DIEGO CA 92121 |
Mark J Alles | director | C/O CELGENE CORPORATION, 86 MORRIS AVENUE, SUMMIT NJ 07901 |
Van Hoose Kyri K. | officer: Principal Accounting Officer | C/O TURNING POINT THERAPEUTICS, INC., 10628 SCIENCE CENTER DRIVE, SUITE 200, SAN DIEGO CA 92121 |
Barbara W. Bodem | director | C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Brian Lee Baker | officer: VP of Finance and Admin. | C/O TURNING POINT THERAPEUTICS, INC. 10628 SCIENCE CENTER DR., STE. 225 SAN DIEGO CA 92121 |
Yi Larson | officer: EVP & Chief Financial Officer | C/O RAYZEBIO, INC., 5505 MOREHOUSE DRIVE, SUITE 300, SAN DIEGO CA 92121 |
Jingrong Jean Cui | director, 10 percent owner, officer: Chief Scientific Officer | C/O TURNING POINT THERAPEUTICS, INC. 10628 SCIENCE CENTER DR., STE. 225 SAN DIEGO CA 92121 |
Simeon George | director | 161 WASHINGTON STREET, SUITE 500, CONSHOHOCKEN PA 19428 |
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