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Ecofibre (ASX:EOF) Return-on-Tangible-Asset : -92.20% (As of Dec. 2024)


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What is Ecofibre 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. Ecofibre's annualized Net Income for the quarter that ended in Dec. 2024 was A$-35.48 Mil. Ecofibre's average total tangible assets for the quarter that ended in Dec. 2024 was A$38.48 Mil. Therefore, Ecofibre's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -92.20%.

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

ASX:EOF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -79.2   Med: -8.11   Max: 12.07
Current: -39.51

During the past 6 years, Ecofibre's highest Return-on-Tangible-Asset was 12.07%. The lowest was -79.20%. And the median was -8.11%.

ASX:EOF's Return-on-Tangible-Asset is ranked worse than
86.5% of 1022 companies
in the Drug Manufacturers industry
Industry Median: 2.68 vs ASX:EOF: -39.51

Ecofibre Return-on-Tangible-Asset Historical Data

The historical data trend for Ecofibre'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.

Ecofibre Return-on-Tangible-Asset Chart

Ecofibre Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Return-on-Tangible-Asset
Get a 7-Day Free Trial 12.07 -4.89 -11.32 -44.95 -79.20

Ecofibre Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -35.12 -57.57 -159.37 5.23 -92.20

Competitive Comparison of Ecofibre's Return-on-Tangible-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, Ecofibre'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.


Ecofibre's Return-on-Tangible-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ecofibre's Return-on-Tangible-Asset distribution charts can be found below:

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


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Ecofibre Return-on-Tangible-Asset Calculation

Ecofibre'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 )
=-44.344/( (66.012+45.972)/ 2 )
=-44.344/55.992
=-79.20 %

Ecofibre'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 )
=-35.48/( (45.972+30.988)/ 2 )
=-35.48/38.48
=-92.20 %

* 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.


Ecofibre  (ASX:EOF) 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.


Ecofibre Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Ecofibre's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Ecofibre Business Description

Traded in Other Exchanges
Address
680 George Street, Level 12, Sydney, NSW, AUS, 2000
Ecofibre Ltd is a provider of hemp products in the United States and Australia. It is engaged in six segments based on differences in products and services provided: Ecofibre Advanced Technologies, Ananda Health, Ecofibre Genetics, Corporate, EOF Bio and Ananda Food. It derives maximum revenue from Ecofibre Advanced Technologies segment. Ecofibre Advanced Technologies involves Advanced manufacturing business with specialist capabilities in performance yarn extrusion, polymer compounding and textiles manufactured in the United States.

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