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. Beyond's annualizedNet Income for the quarter that ended in Sep. 2024 was $-244 Mil. Beyond's average total tangible assets for the quarter that ended in Sep. 2024 was $426 Mil. Therefore, Beyond's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -57.35%.
The historical rank and industry rank for Beyond's Return-on-Tangible-Asset or its related term are showing as below:
BYON'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -61.89 Med: -1.51 Max: 41.34
Current: -61.89
During the past 13 years, Beyond's highest Return-on-Tangible-Asset was 41.34%. The lowest was -61.89%. And the median was -1.51%.
BYON's Return-on-Tangible-Asset is ranked worse than 97.04% of 1116
companies
in the Retail - Cyclical industry
Industry Median: 2.56
vs BYON: -61.89
Beyond Return-on-Tangible-Asset Historical Data
The historical data trend for Beyond'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.
Competitive Comparison of Beyond's Return-on-Tangible-Asset
For the Internet Retail subindustry, Beyond'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.
Beyond's Return-on-Tangible-Asset Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Beyond's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Beyond's Return-on-Tangible-Asset falls into.
Beyond Return-on-Tangible-Asset Calculation
Beyond's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* 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 (Sep. 2024) net income data.
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.
Beyond Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Beyond's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Beyond Inc is an online retailer that provides products and services through websites. The company offers a broad range of products, including furniture, décor, area rugs, bedding and bath, home improvement, outdoor, and kitchen and dining items, BMMG (like books, magazines, CDs), electronics, and other items. The home and garden product line accounts for a material part of its total revenue. The company operates through a direct business that makes sales from the company's own inventory, and a partner business that sells merchandise from manufacturers, distributors, and other suppliers through the company's websites. The company generates the majority of its total revenue from partner business in terms of business format, and from the U.S. in terms of market.
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