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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. ATI Airtest Technologies's annualizedNet Income for the quarter that ended in Sep. 2024 was $0.15 Mil. ATI Airtest Technologies's average total tangible assets for the quarter that ended in Sep. 2024 was $0.28 Mil. Therefore, ATI Airtest Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 54.09%.
The historical rank and industry rank for ATI Airtest Technologies's Return-on-Tangible-Asset or its related term are showing as below:
AATGF's Return-on-Tangible-Asset is not ranked *
in the Industrial Products industry.
Industry Median: 3.24 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
ATI Airtest Technologies (OTCPK:AATGF) 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.
ATI Airtest Technologies Return-on-Tangible-Asset Related Terms
ATI Airtest Technologies Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ATI Airtest 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.
ATI Airtest Technologies Return-on-Tangible-Asset Chart
AATGF vs ETN, PH, ITW: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, ATI Airtest 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.
ATI Airtest Technologies Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, ATI Airtest Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ATI Airtest Technologies's Return-on-Tangible-Asset falls into.
* 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. 2024) net income data.
What does a Return-on-Tangible-Asset of 54.09% mean?
ATI Airtest Technologies (AATGF) has a Return-on-Tangible-Asset of 54.09% as of Sep. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on ATI Airtest Technologies and its competitors.
Is ATI Airtest Technologies' Return-on-Tangible-Asset too high?
ATI Airtest Technologies' current Return-on-Tangible-Asset is 54.09%. The Industrial Products industry median Return-on-Tangible-Asset is 3.24. ATI Airtest Technologies' value of 54.09% is 1569.4% above this industry median.
How does ATI Airtest Technologies' Return-on-Tangible-Asset compare to ETN and PH?
ATI Airtest Technologies' Return-on-Tangible-Asset of 54.09% can be compared against companies in the Industrial Products industry. The industry median Return-on-Tangible-Asset is 3.24. ATI Airtest Technologies' value of 54.09% is 1569.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.24, based on 3,074 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ATI Airtest Technologies's current Return-on-Tangible-Asset of 54.09% is 1569.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on ATI Airtest Technologies and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ATI Airtest Technologies's current Return-on-Tangible-Asset is 54.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ATI Airtest Technologies stock overvalued right now?
ATI Airtest Technologies (AATGF) has a current Return-on-Tangible-Asset of 54.09%. The current Return-on-Tangible-Asset is 54.09% and 1569.4% above the Industrial Products industry median of 3.24. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For ATI Airtest Technologies (AATGF), the current Return-on-Tangible-Asset is 54.09% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
ATI Airtest Technologies Inc is engaged in the manufacturing and selling of air testing equipment and related services in Canada and the United States. Its product offering includes WiFi Transmitters, Portables/Data Logging, EnOcean Transmitters, CO2 Demand Controlled Ventilation, Parking Garage Ventilation, Air Velocity, Agriculture, Gases For Health and Safety, Industrial Dew Point, Industrial Humidity and Temp, Moisture In Oil and Calibration.
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