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Ansarada Group (ASX:AND) Return-on-Tangible-Asset : 3.89% (As of Jun. 2024)


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What is Ansarada Group 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. Ansarada Group's annualized Net Income for the quarter that ended in Jun. 2024 was A$1.92 Mil. Ansarada Group's average total tangible assets for the quarter that ended in Jun. 2024 was A$49.41 Mil. Therefore, Ansarada Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 3.89%.

The historical rank and industry rank for Ansarada Group's Return-on-Tangible-Asset or its related term are showing as below:

ASX:AND' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -105.28   Med: -12.27   Max: 2.87
Current: -2.48

During the past 6 years, Ansarada Group's highest Return-on-Tangible-Asset was 2.87%. The lowest was -105.28%. And the median was -12.27%.

ASX:AND's Return-on-Tangible-Asset is not ranked
in the Software industry.
Industry Median: 1.89 vs ASX:AND: -2.48

Ansarada Group Return-on-Tangible-Asset Historical Data

The historical data trend for Ansarada Group'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.

* Premium members only.

Ansarada Group Return-on-Tangible-Asset Chart

Ansarada Group Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Return-on-Tangible-Asset
Get a 7-Day Free Trial -105.28 2.87 -20.75 -12.27 -2.42

Ansarada Group Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only -31.75 -23.53 -2.32 -9.95 3.89

Competitive Comparison of Ansarada Group's Return-on-Tangible-Asset

For the Software - Application subindustry, Ansarada 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.


Ansarada Group's Return-on-Tangible-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Ansarada Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Ansarada Group's Return-on-Tangible-Asset falls into.


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Ansarada Group Return-on-Tangible-Asset Calculation

Ansarada Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=-1.158/( (41.114+54.681)/ 2 )
=-1.158/47.8975
=-2.42 %

Ansarada Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=1.924/( (44.142+54.681)/ 2 )
=1.924/49.4115
=3.89 %

* 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 (Jun. 2024) net income data.


Ansarada Group  (ASX:AND) 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 company’s 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 company’s 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.


Ansarada Group Return-on-Tangible-Asset Related Terms

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Ansarada Group Business Description

Traded in Other Exchanges
N/A
Address
80 George Street, Level 2, The Rocks, Sydney, NSW, AUS, 2000
Ansarada Group Ltd formerly thedocyard Ltd develops and provides cloud-based software for legal and finance organizations. It operates as a Software as a Service (SaaS) model with its clients being organizations that undertake complex transactions such as legal and accounting firms, corporate and financial advisers, financial institutions, and listed or multinational companies. Some services provided are Workflow management, Collaboration, Secure document management, and Project Management. Geographically, the majority of the business is done in the Australian market. The Group derives its revenue from subscription or transactional usage fees from customers for access to its cloud-based SaaS platform.

Ansarada Group Headlines

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