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Visiber57 (OTCPK:VCOR) Return-on-Tangible-Asset

: -720.00% (As of Feb. 2023)
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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. Visiber57's annualized Net Income for the quarter that ended in Feb. 2023 was $-0.07 Mil. Visiber57's average total tangible assets for the quarter that ended in Feb. 2023 was $0.01 Mil. Therefore, Visiber57's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2023 was -720.00%.

The historical rank and industry rank for Visiber57's Return-on-Tangible-Asset or its related term are showing as below:

VCOR's Return-on-Tangible-Asset is not ranked *
in the Diversified Financial Services industry.
Industry Median: -0.09
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Visiber57 Return-on-Tangible-Asset Historical Data

The historical data trend for Visiber57'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.

Visiber57 Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only -962.50 -492.86 -587.50 -2,400.00 -3,000.00

Visiber57 Quarterly Data
May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,422.22 -553.85 -1,371.43 -685.71 -720.00

Competitive Comparison

For the Shell Companies subindustry, Visiber57'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.


Visiber57 Return-on-Tangible-Asset Distribution

For the Diversified Financial Services industry and Financial Services sector, Visiber57's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Visiber57's Return-on-Tangible-Asset falls into.



Visiber57 Return-on-Tangible-Asset Calculation

Visiber57's annualized Return-on-Tangible-Asset for the fiscal year that ended in Aug. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Aug. 2022 )  (A: Aug. 2021 )(A: Aug. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Aug. 2022 )  (A: Aug. 2021 )(A: Aug. 2022 )
=-0.045/( (0.001+0.002)/ 2 )
=-0.045/0.0015
=-3,000.00 %

Visiber57's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Feb. 2023 )  (Q: Nov. 2022 )(Q: Feb. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Feb. 2023 )  (Q: Nov. 2022 )(Q: Feb. 2023 )
=-0.072/( (0.012+0.008)/ 2 )
=-0.072/0.01
=-720.00 %

* 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 (Feb. 2023) net income data.


Visiber57  (OTCPK:VCOR) 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 company’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 company’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.


Visiber57 Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Visiber57's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Visiber57 (OTCPK:VCOR) Business Description

Traded in Other Exchanges
N/A
Address
Yanping North Road, No. 104-2F, Section 1, Datong District, Taipei, TWN, 10341
Visiber57 Corp is a shell company.
Executives
Chip Jin Eng officer: Chief Financial Officer UNIT B19, 9/F, EFFICIENCY HOUSE, 35 TAI YAU ST, SAN PO KONG, KOWLOON K3 00000
Choong Jeng Hew director, 10 percent owner, officer: CEO & President UNIT B19, 9/F, EFFICIENCY HOUSE, 35 TAI YAU ST, SAN PO KONG, KOWLOON K3 0000000
57 Society International Ltd 10 percent owner UNIT B19, 9/F EFFICIENCY HOUSE, 35 TAI YAU STREET, SAN PO KONG, KOWLOON K3 00000

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