GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Diagnamed Holdings Corp (OTCPK:DGNMF) » Definitions » Return-on-Tangible-Asset

DGNMF (Diagnamed Holdings) Return-on-Tangible-Asset : -292.06% (As of Jun. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Diagnamed Holdings 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. Diagnamed Holdings's annualized Net Income for the quarter that ended in Jun. 2024 was $-0.64 Mil. Diagnamed Holdings's average total tangible assets for the quarter that ended in Jun. 2024 was $0.22 Mil. Therefore, Diagnamed Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was -292.06%.

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

DGNMF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -114.33   Med: -81.51   Max: -56.52
Current: -114.33

During the past 3 years, Diagnamed Holdings's highest Return-on-Tangible-Asset was -56.52%. The lowest was -114.33%. And the median was -81.51%.

DGNMF's Return-on-Tangible-Asset is ranked worse than
90.88% of 680 companies
in the Healthcare Providers & Services industry
Industry Median: 1.645 vs DGNMF: -114.33

Diagnamed Holdings Return-on-Tangible-Asset Historical Data

The historical data trend for Diagnamed Holdings'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.

Diagnamed Holdings Return-on-Tangible-Asset Chart

Diagnamed Holdings Annual Data
Trend Sep21 Sep22 Sep23
Return-on-Tangible-Asset
-81.50 -54.83 -111.06

Diagnamed Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -85.95 -157.75 26.70 -106.82 -292.06

Competitive Comparison of Diagnamed Holdings's Return-on-Tangible-Asset

For the Health Information Services subindustry, Diagnamed Holdings'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.


Diagnamed Holdings's Return-on-Tangible-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Diagnamed Holdings's Return-on-Tangible-Asset distribution charts can be found below:

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



Diagnamed Holdings Return-on-Tangible-Asset Calculation

Diagnamed Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2023 )  (A: Sep. 2022 )(A: Sep. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2023 )  (A: Sep. 2022 )(A: Sep. 2023 )
=-0.944/( (1.211+0.489)/ 2 )
=-0.944/0.85
=-111.06 %

Diagnamed Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=-0.644/( (0.294+0.147)/ 2 )
=-0.644/0.2205
=-292.06 %

* 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 (Jun. 2024) net income data.


Diagnamed Holdings  (OTCPK:DGNMF) 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.


Diagnamed Holdings Return-on-Tangible-Asset Related Terms

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


Diagnamed Holdings Business Description

Traded in Other Exchanges
Address
82 Richmond Street East, Toronto, ON, CAN, M5C 1P1
Diagnamed Holdings Corp is engaged in developing a platform of software-based prescription digital therapeutic products (PDT Products) with the potential to improve early detection of neurological disorders, overall patient health and lower healthcare costs. Its products include, CERVAI which is a brain health AI platform leveraging that aims to predict and monitor brain age and provide actionable insights for mental health and neurodegenerative disorders. It is also investigating other technological applications such as BrainAge and BrainTremor.