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The historical rank and industry rank for Addvantage Technologies Group's Return-on-Tangible-Asset or its related term are showing as below:
AEYGQ's Return-on-Tangible-Asset is not ranked *
in the Hardware industry.
Industry Median: 2.46 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Addvantage Technologies Group (OTCPK:AEYGQ) 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.
Addvantage Technologies Group Return-on-Tangible-Asset Related Terms
Addvantage Technologies Group Return-on-Tangible-Asset Historical Data
* 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.
Addvantage Technologies Group Return-on-Tangible-Asset Chart
AEYGQ vs MMLP, PHX, NGS: Return-on-Tangible-Asset Comparison
For the Electronics & Computer Distribution subindustry, Addvantage Technologies Group'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.
Addvantage Technologies Group Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Addvantage Technologies Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Addvantage Technologies Group'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. 2023) net income data.
What does a Return-on-Tangible-Asset of -56.85% mean?
Addvantage Technologies Group (AEYGQ) has a Return-on-Tangible-Asset of -56.85% as of Sep. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Addvantage Technologies Group and its competitors.
Is Addvantage Technologies Group's Return-on-Tangible-Asset too high?
Addvantage Technologies Group's current Return-on-Tangible-Asset is -56.85%. Overall, Addvantage Technologies Group has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Addvantage Technologies Group's Return-on-Tangible-Asset compare to MMLP and PHX?
Addvantage Technologies Group's Return-on-Tangible-Asset of -56.85% can be compared against companies in the Hardware industry. The industry median Return-on-Tangible-Asset is 2.46. 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 a Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.46, based on 2,501 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. 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 Addvantage Technologies Group and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Addvantage Technologies Group's current Return-on-Tangible-Asset is -56.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Addvantage Technologies Group stock overvalued right now?
Addvantage Technologies Group (AEYGQ) has a current Return-on-Tangible-Asset of -56.85%. The current Return-on-Tangible-Asset is -56.85%. Addvantage Technologies Group's overall GF Score™ is 16/100. 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 Addvantage Technologies Group (AEYGQ), the current Return-on-Tangible-Asset is -56.85% as of Sep. 2023. 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.
Addvantage Technologies Group Inc is a communications infrastructure services and equipment provider operating a diversified group of companies through its Wireless Infrastructure Services and Telecommunications segments. Its Wireless Infrastructure Services segment provides turn-key wireless services, including the installation, modification, and upgrading of equipment on communication towers and small cell sites for wireless carriers, national integrators, tower owners, and majority equipment manufacturers. Its Telecommunications segment sells equipment used to acquire, distribute, and protect communications signals. The Telecommunications segment generates the maximum revenue for the company.
16GF Score
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