Thermic Sciences International (Thermic Sciences International) Return-on-Tangible-Asset : 0.00% (As of Mar. 2013)

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What is Thermic Sciences International 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. Thermic Sciences International's annualized Net Income for the quarter that ended in Mar. 2013 was $-13.77 Mil. Thermic Sciences International's average total tangible assets for the quarter that ended in Mar. 2013 was $0.00 Mil. Therefore, Thermic Sciences International's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2013 was 0.00%.

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

ENDO's Return-on-Tangible-Asset is not ranked ^*
in the Chemicals industry.
Industry Median: 3.1
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Thermic Sciences International Return-on-Tangible-Asset Historical Data

The historical data trend for Thermic Sciences International'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.

Thermic Sciences International Return-on-Tangible-Asset Chart

Thermic Sciences International Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Return-on-Tangible-Asset

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-253.69

-74.95

-21,216.00

-4,831.71

Thermic Sciences International Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Return-on-Tangible-Asset	Get a 7-Day Free Trial															-	-	-28,800.00	-744,400.00	-

Competitive Comparison of Thermic Sciences International's Return-on-Tangible-Asset

For the Specialty Chemicals subindustry, Thermic Sciences International'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.

Thermic Sciences International's Return-on-Tangible-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Thermic Sciences International's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Thermic Sciences International's Return-on-Tangible-Asset falls into.

Thermic Sciences International Return-on-Tangible-Asset Calculation

Thermic Sciences International's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2012 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	-3.311	/	( (0	+	0)	/ 1 )
	=	-3.311	/	0
	=	N/A %

Thermic Sciences International's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2013 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Mar. 2013 )		(Q: Dec. 2012 )		(Q: Mar. 2013 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Mar. 2013 )		(Q: Dec. 2012 )		(Q: Mar. 2013 )
	=	-13.768	/	( (0	+	0)	/ 1 )
	=	-13.768	/	0
	=	N/A %

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. 2013) net income data.

Thermic Sciences International (OTCPK:ENDO) 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.

Thermic Sciences International Return-on-Tangible-Asset Related Terms

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