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BCAL DiagnosticsASX:BDX +3.95% Return-on-Tangible-Asset is -91.72% as of Dec. 2025. The stock has 3 warning signs investors should review. Among 213 Medical Diagnostics & Research companies, BCAL Diagnostics ranks worse than 84.51% 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. BCAL Diagnostics's annualizedNet Income for the quarter that ended in Dec. 2025 was A$-7.83 Mil. BCAL Diagnostics's average total tangible assets for the quarter that ended in Dec. 2025 was A$8.54 Mil. Therefore, BCAL Diagnostics's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -91.72%.
The historical rank and industry rank for BCAL Diagnostics's Return-on-Tangible-Asset or its related term are showing as below:
ASX:BDX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -75.44 Med: -57.99 Max: -32.12
Current: -75.44
During the past 4 years, BCAL Diagnostics's highest Return-on-Tangible-Asset was -32.12%. The lowest was -75.44%. And the median was -57.99%.
ASX:BDX's Return-on-Tangible-Asset is ranked worse than 84.51% of 213
companies
in the Medical Diagnostics & Research industry
Industry Median: -2.4
vs ASX:BDX: -75.44
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.
BCAL Diagnostics Return-on-Tangible-Asset Related Terms
BCAL Diagnostics Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for BCAL Diagnostics'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.
ASX:BDX vs TMO, DHR, IDXX: Return-on-Tangible-Asset Comparison
For the Diagnostics & Research subindustry, BCAL Diagnostics'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.
BCAL Diagnostics Return-on-Tangible-Asset vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, BCAL Diagnostics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BCAL Diagnostics'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. 2025) net income data.
What does a Return-on-Tangible-Asset of -91.72% mean?
BCAL Diagnostics (ASX:BDX) has a Return-on-Tangible-Asset of -91.72% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on BCAL Diagnostics and its competitors. According to the industry distribution chart, BCAL Diagnostics ranks #180 out of 213 companies in the Medical Diagnostics & Research industry, placing it in the top 84.5%.
Is BCAL Diagnostics' Return-on-Tangible-Asset too high?
BCAL Diagnostics' current Return-on-Tangible-Asset is -91.72%. Based on the distribution chart, BCAL Diagnostics ranks #180 out of 213 companies in the Medical Diagnostics & Research industry, which is in the bottom quartile relative to peers.
How does BCAL Diagnostics' Return-on-Tangible-Asset compare to TMO and DHR?
According to the Medical Diagnostics & Research industry distribution chart, BCAL Diagnostics ranks #180 out of 213 companies for Return-on-Tangible-Asset. This places BCAL Diagnostics in the lower half of its industry. 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 Medical Diagnostics & Research company?
A good Return-on-Tangible-Asset depends on the Medical Diagnostics & Research industry context. 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 BCAL Diagnostics and its competitors. BCAL Diagnostics's current Return-on-Tangible-Asset is -91.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BCAL Diagnostics stock overvalued right now?
BCAL Diagnostics (ASX:BDX) has a current Return-on-Tangible-Asset of -91.72%. The current Return-on-Tangible-Asset is -91.72%. 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 BCAL Diagnostics (ASX:BDX), the current Return-on-Tangible-Asset is -91.72% as of Dec. 2025. 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.
BCAL Diagnostics Ltd is a biotechnology company developing a novel blood screening test to improve the early diagnosis and monitoring of breast cancer that is safe, cost-effective, accurate, and available to all women regardless of age, race, and geographic location.
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