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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. Byrna Technologies's annualized Net Income for the quarter that ended in Feb. 2024 was $0.07 Mil. Byrna Technologies's average total tangible assets for the quarter that ended in Feb. 2024 was $46.72 Mil. Therefore, Byrna Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2024 was 0.15%.
The historical rank and industry rank for Byrna Technologies's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Byrna Technologies's highest Return-on-Tangible-Asset was -7.25%. The lowest was -218.58%. And the median was -118.06%.
The historical data trend for Byrna Technologies'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.
Byrna Technologies Annual Data | |||||||||||||||||||||
Trend | Nov14 | Nov15 | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -146.56 | -108.12 | -7.25 | -12.95 | -16.82 |
Byrna Technologies Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -17.40 | -9.35 | -35.95 | -7.36 | 0.15 |
For the Aerospace & Defense subindustry, Byrna Technologies'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.
For the Aerospace & Defense industry and Industrials sector, Byrna Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Byrna Technologies's Return-on-Tangible-Asset falls into.
Byrna Technologies's annualized Return-on-Tangible-Asset for the fiscal year that ended in Nov. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Nov. 2023 ) | (A: Nov. 2022 ) | (A: Nov. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Nov. 2023 ) | (A: Nov. 2022 ) | (A: Nov. 2023 ) | |||||
= | -8.192 | / | ( (50.919 | + | 46.473) | / 2 ) | |
= | -8.192 | / | 48.696 | ||||
= | -16.82 % |
Byrna Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Feb. 2024 ) | (Q: Nov. 2023 ) | (Q: Feb. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Feb. 2024 ) | (Q: Nov. 2023 ) | (Q: Feb. 2024 ) | |||||
= | 0.068 | / | ( (46.473 | + | 46.974) | / 2 ) | |
= | 0.068 | / | 46.7235 | ||||
= | 0.15 % |
* 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 (Feb. 2024) net income data.
Byrna Technologies (NAS:BYRN) 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.
Thank you for viewing the detailed overview of Byrna Technologies's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
David North | officer: Chief Financial Officer | 100 BURTT RD., SUITE 115, ANDOVER MA 01810 |
Bryan Ganz | director, officer: CEO Pres Chairman of the Board | C/O ARRHYTHMIA RESEARCH TECHNOLOGY, INC., 25 SAWYER PASSWAY, FITCHBURG MA 01420 |
Luan Pham | officer: CRMO | C/O LAIRD SUPERFOOD, INC., 275 W. LUNDGREN MILL DRIVE, SISTERS OR 97759 |
Michael Wager | officer: Chief Strategy Officer | 100 BURTT ROAD, SUITE 115, BOSTON MA 01810 |
Lisa Wager | officer: Chief Legal Officer | 100 BURTT RD., SUITE 115, ANDOVER MA 01810 |
Leonard J Elmore | director | ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514 |
Emily Rooney | director | 100 BURTT ROAD, SUITE 115, ANDOVER MA 01810 |
Michael Scott Gillespie | officer: Chief Operating Officer | 100 BURTT ROAD, SUITE 115, ANDOVER MA 01810 |
Chris Lavern Reed | director | 100 BURTT RD., SUITE 115, ANDOVER MA 01810 |
Lapeyre Pierre F Jr | 10 percent owner | C/O RIVERSTONE HOLDINGS, 712 FIFTH AVENUE 36TH FLOOR, NEW YORK NY 10019 |
Paul C. Jensen | director | TWO NORTHSHORE CENTER, PITTSBURGH PA 15212 |
Clive D Bode | director | 909 HIDDEN RIDGE STE 600, IRVING TX 75038 |
Herbert Hughes | director | 100 BURTT ROAD, SUITE 115, ANDOVER MA 01810 |
Rodd Friedman | 10 percent owner | 12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854 |
Ref Securities & Co. | 10 percent owner | 12 SOUTH MAIN STREET, SUITE 203, NORWALK CT 06854 |
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