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DTGI (Digerati Technologies) Return-on-Tangible-Asset : -262.13% (As of Apr. 2024)


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What is Digerati Technologies 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. Digerati Technologies's annualized Net Income for the quarter that ended in Apr. 2024 was $-18.12 Mil. Digerati Technologies's average total tangible assets for the quarter that ended in Apr. 2024 was $6.91 Mil. Therefore, Digerati Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2024 was -262.13%.

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

DTGI's Return-on-Tangible-Asset is not ranked *
in the Telecommunication Services industry.
Industry Median: 3.19
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Digerati Technologies Return-on-Tangible-Asset Historical Data

The historical data trend for Digerati 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.

* Premium members only.

Digerati Technologies Return-on-Tangible-Asset Chart

Digerati Technologies Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -290.58 -183.23 -542.45 -143.36 -119.31

Digerati Technologies Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -119.78 -74.26 -232.65 -205.65 -262.13

Competitive Comparison of Digerati Technologies's Return-on-Tangible-Asset

For the Telecom Services subindustry, Digerati 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.


Digerati Technologies's Return-on-Tangible-Asset Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Digerati Technologies's Return-on-Tangible-Asset distribution charts can be found below:

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


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Digerati Technologies Return-on-Tangible-Asset Calculation

Digerati Technologies's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jul. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jul. 2023 )  (A: Jul. 2022 )(A: Jul. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jul. 2023 )  (A: Jul. 2022 )(A: Jul. 2023 )
=-8.291/( (7.117+6.781)/ 2 )
=-8.291/6.949
=-119.31 %

Digerati Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Apr. 2024 )  (Q: Jan. 2024 )(Q: Apr. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Apr. 2024 )  (Q: Jan. 2024 )(Q: Apr. 2024 )
=-18.116/( (6.567+7.255)/ 2 )
=-18.116/6.911
=-262.13 %

* 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 (Apr. 2024) net income data.


Digerati Technologies  (OTCPK:DTGI) 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.


Digerati Technologies Return-on-Tangible-Asset Related Terms

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Digerati Technologies Business Description

Traded in Other Exchanges
N/A
Address
17503 La Cantera Parkway, Suite 104608, San Antonio, TX, USA, 78257
Digerati Technologies Inc is a provider of cloud services specializing in Unified Communications as a Service (UCaaS) solutions. The company's product portfolio includes Internet-based telephony products and services delivered through its cloud application platform and session-based communication network and network services including internet broadband, fiber, mobile broadband and cloud WAN solutions (SD WAN). Its services provide enterprise-class, carrier-grade services to the small-to-medium-sized business at cost-effective monthly rates. Its UCaaS or cloud communication services include fully hosted IP/PBX, mobile applications, Voice over Internet Protocol transport, SIP trunking, and customized VoIP services all delivered Only in the Cloud.
Executives
Post Road Special Opportunity Fund Ii Offshore Lp 10 percent owner C/O POST ROAD GROUP LP, 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901
Kevin C. Davis 10 percent owner C/O POST ROAD GROUP LP, 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901
Post Road Sof Gp Ii Llc 10 percent owner 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901
Post Road Group Lp 10 percent owner 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901
Michael Bogdan 10 percent owner C/O POST ROAD GROUP LP, 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901
Post Road Special Opportunity Fund Ii Lp 10 percent owner 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901
Digerati Technologies, Inc. 10 percent owner 8023 VANTAGE DRIVE, SUITE 660, SAN ANTONIO TX 78230
Craig Kendall Clement director, 10 percent owner 626 JESSAMINE STREET, SAN ANTONIO TX 78209
Flagship Oil & Gas Corp. 10 percent owner 626 JESSAMINE STREET, SAN ANTONIO TX 78209
Max Polinsky director 10715 GULFDALE STE 200, SAN ANTONIO TX 78216
William E. Mcilwain other: Former Director 3111 ROSEMARY PARK LANE, HOUSTON TX 77082
Arthur L Smith officer: Chief Executive Officer 8600 WURZBACH, SUITE 700W, SAN ANTONIO TX 78240
James John Davis director 13626 WINTER CREEK COURT, HOUSTON TX 77077
Antonio Jr Estrada officer: Chief Financial Officer 1807 DEER RIDGE ST, SAN ANTONIO TX 78232
John Howell director 1950 CINNAMON TEAL DR., REDMOND OR 97756