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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. RiceBran Technologies's annualized Net Income for the quarter that ended in Sep. 2023 was $-7.13 Mil. RiceBran Technologies's average total tangible assets for the quarter that ended in Sep. 2023 was $10.55 Mil. Therefore, RiceBran Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was -67.58%.
The historical rank and industry rank for RiceBran Technologies's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, RiceBran Technologies's highest Return-on-Tangible-Asset was -19.61%. The lowest was -76.02%. And the median was -32.54%.
The historical data trend for RiceBran Technologies'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.
For the Packaged Foods subindustry, RiceBran Technologies'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 Consumer Packaged Goods industry and Consumer Defensive sector, RiceBran Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where RiceBran Technologies's Return-on-Tangible-Asset falls into.
RiceBran Technologies's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | -7.858 | / | ( (30.786 | + | 27.053) | / 2 ) | |
= | -7.858 | / | 28.9195 | ||||
= | -27.17 % |
RiceBran Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Sep. 2023 ) | (Q: Jun. 2023 ) | (Q: Sep. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Sep. 2023 ) | (Q: Jun. 2023 ) | (Q: Sep. 2023 ) | |||||
= | -7.128 | / | ( (11.042 | + | 10.052) | / 2 ) | |
= | -7.128 | / | 10.547 | ||||
= | -67.58 % |
* 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 (Sep. 2023) net income data.
RiceBran Technologies (OTCPK:RIBT) 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 RiceBran Technologies's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Eric Tompkins | director, officer: Executive Chairman | 25420 KUYKENDAHL ROAD, SUITE B300, TOMBALL TX 77375 |
William J Keneally | officer: Interim CFO | 28601 CHAGRIN BLVD., CLEVELAND OH 44122 |
Continental Grain Co | 10 percent owner | 767 FIFTH AVENUE, NEW YORK NY 10153 |
Jean Heggie | director | 25 ALGONQUIN WOOD PLACE, SAINT LOUIS MO 63122 |
William Black | director | 3828 BOUQUET RD, WILDWOOD MO 63069 |
David I. Chemerow | director | PLAYBOY ENT., INC. - H. SHAPIRO, 680 N LAKE SHORE DRIVE, CHICAGO IL 60611 |
Todd T Mitchell | officer: Executive Vice President | 299 S. MAIN STREET, STE.2370, SALT LAKE CITY UT 84111 |
Brent David Rosenthal | director | C/O WR HUFF ASSET MANAGEMENT, 67 PARK PLACE, MORRISTOWN NJ 07960 |
Ari David Gendason | director | 1330 LAKE ROBBINS DRIVE, SUITE 250, THE WOODLANDS TX 77380 |
Peter Bradley | director | 777 E. WISCONSIN AVE., MILWAUKEE WI 53202 |
David Goldman | director | 1330 LAKE ROBBINS DRIVE, SUITE 250, THE WOODLANDS TX 77380 |
Beth L Bronner | director | 2928 RAMCO STREET, SUITE 120, C/O RICEBRAN TECHNOLOGIES, WEST SACRAMENTO CA 95691 |
Brent Robert Rystrom | officer: CFO and EVP | 1330 LAKE ROBBINS DRIVE, SUITE 250, THE WOODLANDS TX 77380 |
Baruch Halpern | director | C/O ION NETWORKS INC, 120 CORPORATE BLVD, S PLAINFIELD NJ 07080 |
Henk Hoogenkamp | director | 1330 LAKE ROBBINS DRIVE, SUITE 250, THE WOODLANDS TX 77380 |
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