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EACTF (Earth Alive Clean Technologies) Return-on-Tangible-Asset : -81.29% (As of Mar. 2024)


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What is Earth Alive Clean 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. Earth Alive Clean Technologies's annualized Net Income for the quarter that ended in Mar. 2024 was $-3.94 Mil. Earth Alive Clean Technologies's average total tangible assets for the quarter that ended in Mar. 2024 was $4.85 Mil. Therefore, Earth Alive Clean Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -81.29%.

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

EACTF's Return-on-Tangible-Asset is not ranked *
in the Agriculture industry.
Industry Median: 3.06
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Earth Alive Clean Technologies Return-on-Tangible-Asset Historical Data

The historical data trend for Earth Alive Clean 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.

Earth Alive Clean Technologies Return-on-Tangible-Asset Chart

Earth Alive Clean Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -120.73 -56.01 -64.47 -55.42 -55.86

Earth Alive Clean Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -61.90 -39.53 -40.09 -78.19 -81.29

Competitive Comparison of Earth Alive Clean Technologies's Return-on-Tangible-Asset

For the Agricultural Inputs subindustry, Earth Alive Clean 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.


Earth Alive Clean Technologies's Return-on-Tangible-Asset Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Earth Alive Clean Technologies's Return-on-Tangible-Asset distribution charts can be found below:

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


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Earth Alive Clean Technologies Return-on-Tangible-Asset Calculation

Earth Alive Clean Technologies's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=-3.336/( (6.729+5.216)/ 2 )
=-3.336/5.9725
=-55.86 %

Earth Alive Clean Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=-3.944/( (5.216+4.487)/ 2 )
=-3.944/4.8515
=-81.29 %

* 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 (Mar. 2024) net income data.


Earth Alive Clean Technologies  (OTCPK:EACTF) 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.


Earth Alive Clean Technologies Return-on-Tangible-Asset Related Terms

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Earth Alive Clean Technologies Business Description

Traded in Other Exchanges
N/A
Address
1050 Cote du Beaver Hall, Suite 1560, Montreal, QC, CAN, H2Z 1S4
Earth Alive Clean Technologies Inc is focused on formulating and manufacturing products using microbial technology. The company uses microbial technology to create products in agriculture and dust control. The company operates through two segments, Agriculture and Infrastructure & Maintenance. The Agriculture segment provides environmentally friendly products for retail and industrial usage such as fertilizers and soil amendments. The Infrastructure & Maintenance segment which derives the majority of revenue provides a biodegradable microbial product that abates dust. It has a business presence in Canada, the United States, Central and South America, Europe, and Africa.

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