What is ALR Technologies SG Return-on-Tangible-Asset?
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. ALR Technologies SG's annualizedNet Income for the quarter that ended in Dec. 2024 was $-19.70 Mil. ALR Technologies SG's average total tangible assets for the quarter that ended in Dec. 2024 was $0.06 Mil. Therefore, ALR Technologies SG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -31,520.00%.
The historical rank and industry rank for ALR Technologies SG's Return-on-Tangible-Asset or its related term are showing as below:
ALRTF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -360240 Med: -12034.64 Max: -2810.15
Current: -17012.14
During the past 13 years, ALR Technologies SG's highest Return-on-Tangible-Asset was -2810.15%. The lowest was -360240.00%. And the median was -12034.64%.
ALRTF's Return-on-Tangible-Asset is ranked worse than 100% of 866
companies
in the Medical Devices & Instruments industry
Industry Median: -0.995
vs ALRTF: -17012.14
ALR Technologies SG Return-on-Tangible-Asset Historical Data
The historical data trend for ALR Technologies SG'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 ALR Technologies SG's Return-on-Tangible-Asset
For the Medical Devices subindustry, ALR Technologies SG'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.
ALR Technologies SG's Return-on-Tangible-Asset Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, ALR Technologies SG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ALR Technologies SG'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 two times the semi-annual (Dec. 2024) net income data.
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.
ALR Technologies SG Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of ALR Technologies SG's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
ALR Technologies SG Ltd is a medical device company that focuses on commercializing its Health-e-Connect System. The company is a data management company that developed a comprehensive approach to diabetes care that includes an FDA-cleared and HIPAA-compliant Diabetes Solution product that can collect data from BGM and CGM; a patent-pending Predictive A1C algorithm to track treatment success between lab reports; and an FDA-cleared Insulin Dosing Adjustment program. Its geographical segments are the United States, which derives maximum revenue, Singapore, and Others.
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