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. Video Display's annualizedNet Income for the quarter that ended in Nov. 2023 was $-1.63 Mil. Video Display's average total tangible assets for the quarter that ended in Nov. 2023 was $5.80 Mil. Therefore, Video Display's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2023 was -28.13%.
The historical rank and industry rank for Video Display's Return-on-Tangible-Asset or its related term are showing as below:
VIDE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -42.07 Med: -20.33 Max: 8.21
Current: -27.13
During the past 13 years, Video Display's highest Return-on-Tangible-Asset was 8.21%. The lowest was -42.07%. And the median was -20.33%.
VIDE's Return-on-Tangible-Asset is ranked worse than 92.7% of 2480
companies
in the Hardware industry
Industry Median: 2.49
vs VIDE: -27.13
Video Display Return-on-Tangible-Asset Historical Data
The historical data trend for Video Display'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.
Competitive Comparison of Video Display's Return-on-Tangible-Asset
For the Computer Hardware subindustry, Video Display'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.
Video Display's Return-on-Tangible-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Video Display's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Video Display's Return-on-Tangible-Asset falls into.
Video Display Return-on-Tangible-Asset Calculation
Video Display's annualized Return-on-Tangible-Asset for the fiscal year that ended in Feb. 2023 is calculated as:
* 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 (Nov. 2023) net income data.
Video Display (OTCPK:VIDE) 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.
Video Display Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Video Display's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Video Display (Video Display) Business Description
Video Display Corp is a provider and manufacturer of video products, components, and systems for the visual display and presentation of electronic information media in a range of requirements and environments. It designs, engineers, manufactures, markets, distributes, and installs display products and systems, from basic components to systems, for Government, military, aerospace, medical, industrial, and commercial organizations. The company operates in one segment which is simulation, training, and display products. Its products lines include Dome Aircraft Simulator Display Systems, Multi-Faceted Aircraft Simulator Display Systems, Video Walls for Broadcast and Control Centers, Rugged Flat Panel Displays and Computers, Projector and Monitor Upgrades, and Projection Screens.
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