EV Technology Group (EV Technology Group) Return-on-Tangible-Asset : -540.88% (As of Sep. 2023)

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What is EV Technology Group 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. EV Technology Group's annualized Net Income for the quarter that ended in Sep. 2023 was $-31.25 Mil. EV Technology Group's average total tangible assets for the quarter that ended in Sep. 2023 was $5.78 Mil. Therefore, EV Technology Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was -540.88%.

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

EVTGF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -325.61 Med: -325.61 Max: -263.29
Current: -263.29

During the past 2 years, EV Technology Group's highest Return-on-Tangible-Asset was -263.29%. The lowest was -325.61%. And the median was -325.61%.

EVTGF's Return-on-Tangible-Asset is ranked worse than
99.01% of 1307 companies
in the Vehicles & Parts industry
Industry Median: 3.63 vs EVTGF: -263.29

EV Technology Group Return-on-Tangible-Asset Historical Data

The historical data trend for EV Technology Group'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.

EV Technology Group Return-on-Tangible-Asset Chart

EV Technology Group Annual Data

Trend

Dec21

Dec22

Return-on-Tangible-Asset

-316.37

EV Technology Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Return-on-Tangible-Asset	Get a 7-Day Free Trial			-233.72	-176.79	-216.00	-130.24	-540.88

Competitive Comparison of EV Technology Group's Return-on-Tangible-Asset

For the Auto Manufacturers subindustry, EV Technology Group'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.

EV Technology Group's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, EV Technology Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where EV Technology Group's Return-on-Tangible-Asset falls into.

EV Technology Group Return-on-Tangible-Asset Calculation

EV Technology Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-20.988	/	( (6.531	+	6.737)	/ 2 )
	=	-20.988	/	6.634
	=	-316.37 %

EV Technology Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-31.252	/	( (6.256	+	5.3)	/ 2 )
	=	-31.252	/	5.778
	=	-540.88 %

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 (Sep. 2023) net income data.

EV Technology Group (OTCPK:EVTGF) 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.

EV Technology Group Return-on-Tangible-Asset Related Terms

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EV Technology Group (EV Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EV Technology Group Ltd (OTCPK:EVTGF) » Definitions » Return-on-Tangible-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.evtgroup.com

EV Technology Group Ltd owns and operates iconic and luxury motoring brands and helps them 'go electric. It acquires iconic brands and invests in making the transition to electric. It is in the business of developing and commercializing electric vehicle technologies that have growth potential in distinctive, niche, and underserved markets. The Company has adopted a direct-to-consumer (D2C) distribution model to deliver a premium unified brand experience through flagship locations, online experiences, and marketing activations. The Company operates in Canada, UK and France.