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PlaySide Studios (ASX:PLY) Return-on-Tangible-Asset : 37.27% (As of Dec. 2023)


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What is PlaySide Studios 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. PlaySide Studios's annualized Net Income for the quarter that ended in Dec. 2023 was A$17.93 Mil. PlaySide Studios's average total tangible assets for the quarter that ended in Dec. 2023 was A$48.11 Mil. Therefore, PlaySide Studios's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 37.27%.

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

ASX:PLY' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -33.97   Med: -15.36   Max: 16.37
Current: 16.37

During the past 4 years, PlaySide Studios's highest Return-on-Tangible-Asset was 16.37%. The lowest was -33.97%. And the median was -15.36%.

ASX:PLY's Return-on-Tangible-Asset is ranked better than
87.54% of 594 companies
in the Interactive Media industry
Industry Median: -2.765 vs ASX:PLY: 16.37

PlaySide Studios Return-on-Tangible-Asset Historical Data

The historical data trend for PlaySide Studios'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.

PlaySide Studios Return-on-Tangible-Asset Chart

PlaySide Studios Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Return-on-Tangible-Asset
- -33.97 15.38 -15.36

PlaySide Studios Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Return-on-Tangible-Asset Get a 7-Day Free Trial -3.24 24.36 -24.81 -7.04 37.27

Competitive Comparison of PlaySide Studios's Return-on-Tangible-Asset

For the Electronic Gaming & Multimedia subindustry, PlaySide Studios'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.


PlaySide Studios's Return-on-Tangible-Asset Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, PlaySide Studios's Return-on-Tangible-Asset distribution charts can be found below:

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



PlaySide Studios Return-on-Tangible-Asset Calculation

PlaySide Studios's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=-6.97/( (47.561+43.19)/ 2 )
=-6.97/45.3755
=-15.36 %

PlaySide Studios's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=17.93/( (43.19+53.021)/ 2 )
=17.93/48.1055
=37.27 %

* 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. 2023) net income data.


PlaySide Studios  (ASX:PLY) 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.


PlaySide Studios Return-on-Tangible-Asset Related Terms

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


PlaySide Studios (ASX:PLY) Business Description

Traded in Other Exchanges
Address
75 Crockford Street, Level 1, Port Melbourne, Melbourne, VIC, AUS, 3207
PlaySide Studios Ltd is a video game developer in Australia. The company delivers games across four platforms: Mobile, Virtual Reality (VR), Augmented Reality (AR) and PC. Some of its games include Ghost Pop, Flush Force, Defend the Bits, Dumb ways to dash, and many others. The company has one reportable segment, development and monetization of mobile , PC and console video games.

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