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. Blue Sphere's annualizedNet Income for the quarter that ended in Dec. 2018 was $9.47 Mil. Blue Sphere's average total tangible assets for the quarter that ended in Dec. 2018 was $43.33 Mil. Therefore, Blue Sphere's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2018 was 21.86%.
The historical rank and industry rank for Blue Sphere's Return-on-Tangible-Asset or its related term are showing as below:
BLSP's Return-on-Tangible-Asset is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 1.295 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Blue Sphere (OTCPK:BLSP) 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 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.
Blue Sphere Return-on-Tangible-Asset Related Terms
Blue Sphere Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Blue Sphere'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.
BLSP vs PRHL, ARAO, PWCO: Return-on-Tangible-Asset Comparison
For the Utilities - Renewable subindustry, Blue Sphere'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.
Blue Sphere Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Blue Sphere's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Blue Sphere'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 four times the quarterly (Dec. 2018) net income data.
What does a Return-on-Tangible-Asset of 21.86% mean?
Blue Sphere (BLSP) has a Return-on-Tangible-Asset of 21.86% as of Dec. 2018. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Blue Sphere and its competitors.
Is Blue Sphere's Return-on-Tangible-Asset too high?
Blue Sphere's current Return-on-Tangible-Asset is 21.86%. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.30. Blue Sphere's value of 21.86% is 1588% above this industry median.
How does Blue Sphere's Return-on-Tangible-Asset compare to PRHL and ARAO?
Blue Sphere's Return-on-Tangible-Asset of 21.86% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Return-on-Tangible-Asset is 1.30. Blue Sphere's value of 21.86% is 1588% above this benchmark. 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.30, based on 448 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Blue Sphere's current Return-on-Tangible-Asset of 21.86% is 1588% above the industry median. 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 Blue Sphere and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blue Sphere's current Return-on-Tangible-Asset is 21.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Sphere stock overvalued right now?
Blue Sphere (BLSP) has a current Return-on-Tangible-Asset of 21.86%. The current Return-on-Tangible-Asset is 21.86% and 1588% above the Utilities - Independent Power Producers industry median of 1.30. 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 Blue Sphere (BLSP), the current Return-on-Tangible-Asset is 21.86% as of Dec. 2018. 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.
Blue Sphere Corp is an international clean-tech independent power producer that develops, owns and manages waste-to-energy facilities. It focuses on developing or acquiring projects with clean energy technologies, including waste-to-energy facilities that generate clean energy, such as electricity, natural gas, heat, soil amendment and other by-products. Geographically operates the project in the region of United States, Italy, and Israel.
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