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Doctor Care Anywhere Group (ASX:DOC) Return-on-Tangible-Asset : -74.83% (As of Dec. 2024)


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What is Doctor Care Anywhere 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. Doctor Care Anywhere Group's annualized Net Income for the quarter that ended in Dec. 2024 was A$-14.44 Mil. Doctor Care Anywhere Group's average total tangible assets for the quarter that ended in Dec. 2024 was A$19.30 Mil. Therefore, Doctor Care Anywhere Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -74.83%.

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

ASX:DOC' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -113.93   Med: -67.68   Max: -52.4
Current: -54.27

During the past 5 years, Doctor Care Anywhere Group's highest Return-on-Tangible-Asset was -52.40%. The lowest was -113.93%. And the median was -67.68%.

ASX:DOC's Return-on-Tangible-Asset is ranked worse than
86.19% of 688 companies
in the Healthcare Providers & Services industry
Industry Median: 1.575 vs ASX:DOC: -54.27

Doctor Care Anywhere Group Return-on-Tangible-Asset Historical Data

The historical data trend for Doctor Care Anywhere 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.

Doctor Care Anywhere Group Return-on-Tangible-Asset Chart

Doctor Care Anywhere Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
-67.68 -57.35 -113.93 -74.70 -52.40

Doctor Care Anywhere Group Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only -129.96 -88.57 -48.63 -41.03 -74.83

Competitive Comparison of Doctor Care Anywhere Group's Return-on-Tangible-Asset

For the Health Information Services subindustry, Doctor Care Anywhere 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.


Doctor Care Anywhere Group's Return-on-Tangible-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Doctor Care Anywhere Group's Return-on-Tangible-Asset distribution charts can be found below:

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


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Doctor Care Anywhere Group Return-on-Tangible-Asset Calculation

Doctor Care Anywhere Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=-12.558/( (29.64+18.295)/ 2 )
=-12.558/23.9675
=-52.40 %

Doctor Care Anywhere Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=-14.44/( (20.298+18.295)/ 2 )
=-14.44/19.2965
=-74.83 %

* 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.


Doctor Care Anywhere Group  (ASX:DOC) 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.


Doctor Care Anywhere Group Return-on-Tangible-Asset Related Terms

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Doctor Care Anywhere Group Business Description

Traded in Other Exchanges
N/A
Address
13-15 Bouverie Street, 2nd Floor, London, GBR, EC4Y 8DP
Doctor Care Anywhere Group PLC is a telehealth company that provides clinical care through digitally enabled, joined-up, evidence-based pathways on its proprietary platform. It utilizes its relationships with health insurers, healthcare providers, and corporate customers to connect with patients to deliver a range of telehealth services. The Group provides virtual healthcare services, technology platform licensing, and digital design services, within the United Kingdom, Australia, and the Republic of Ireland. The company derives a majority of its revenue from the UK and Ireland.