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Phoenix Digital AssetsAQSE:PNIX Return-on-Tangible-Asset is 1,205.46% as of Dec. 2024, which is 746% above its 10-year median of 142.52. The stock has 2 warning signs investors should review. Among 1,635 Asset Management companies, Phoenix Digital Assets ranks better than 99.88% on this metric.
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. Phoenix Digital Assets's annualizedNet Income for the quarter that ended in Dec. 2024 was £19.67 Mil. Phoenix Digital Assets's average total tangible assets for the quarter that ended in Dec. 2024 was £1.63 Mil. Therefore, Phoenix Digital Assets's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 1,205.46%.
The historical rank and industry rank for Phoenix Digital Assets's Return-on-Tangible-Asset or its related term are showing as below:
AQSE:PNIX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -50.31 Med: 142.52 Max: 1205.46
Current: 1205.46
During the past 4 years, Phoenix Digital Assets's highest Return-on-Tangible-Asset was 1205.46%. The lowest was -50.31%. And the median was 142.52%.
AQSE:PNIX's Return-on-Tangible-Asset is ranked better than 99.88% of 1635
companies
in the Asset Management industry
Industry Median: 4.52
vs AQSE:PNIX: 1205.46
Phoenix Digital Assets (AQSE:PNIX) 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.
Phoenix Digital Assets Return-on-Tangible-Asset Related Terms
Phoenix Digital Assets Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Phoenix Digital Assets'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.
Phoenix Digital Assets Return-on-Tangible-Asset Chart
Phoenix Digital Assets Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Return-on-Tangible-Asset
-10.26
-50.31
295.30
1,205.46
Phoenix Digital Assets Semi-Annual Data
Dec21
Dec22
Dec23
Dec24
Return-on-Tangible-Asset
-10.26
-50.31
295.30
1,205.46
AQSE:PNIX vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Phoenix Digital Assets'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.
Phoenix Digital Assets Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Phoenix Digital Assets's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Phoenix Digital Assets'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 one times the annual (Dec. 2024) net income data.
What does a Return-on-Tangible-Asset of 1,205.46% mean?
Phoenix Digital Assets (AQSE:PNIX) has a Return-on-Tangible-Asset of 1,205.46% as of Dec. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Phoenix Digital Assets and its competitors. This is 746% above median its historical median of 142.52. According to the industry distribution chart, Phoenix Digital Assets ranks #2 out of 1635 companies in the Asset Management industry, placing it in the top 0.099999999999994%.
Is Phoenix Digital Assets' Return-on-Tangible-Asset too high?
Phoenix Digital Assets' current Return-on-Tangible-Asset of 1,205.46% is 746% above median its 10-year median of 142.52. The Asset Management industry median Return-on-Tangible-Asset is 4.52. Phoenix Digital Assets' value of 1,205.46% is 26569.5% above this industry median. Based on the distribution chart, Phoenix Digital Assets ranks #2 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers.
How does Phoenix Digital Assets' Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Phoenix Digital Assets ranks #2 out of 1635 companies for Return-on-Tangible-Asset. This places Phoenix Digital Assets in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.52. Phoenix Digital Assets' value of 1,205.46% is 26569.5% above this benchmark. While the company's 10-year median is 142.52 vs. the industry median of 4.52, Phoenix Digital Assets has consistently been above the industry average. 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 Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.52, based on 1,635 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. Phoenix Digital Assets's current Return-on-Tangible-Asset of 1,205.46% is 26569.5% 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 Phoenix Digital Assets and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phoenix Digital Assets's current Return-on-Tangible-Asset is 1,205.46%, which is 746% above median its own 10-year median of 142.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Digital Assets stock overvalued right now?
Phoenix Digital Assets (AQSE:PNIX) has a current Return-on-Tangible-Asset of 1,205.46%. The current Return-on-Tangible-Asset is 1,205.46%, which is 746% above median its 10-year median of 142.52 and 26569.5% above the Asset Management industry median of 4.52. 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 Phoenix Digital Assets (AQSE:PNIX), the current Return-on-Tangible-Asset is 1,205.46% as of Dec. 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.
Phoenix Digital Assets PLC is a fund specializing in the market for digital assets. The company invests in a diversified portfolio of cryptocurrency assets, and/or in companies or funds which have exposure to blockchain technology.
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