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iSun (ISUNQ) Return-on-Tangible-Asset : -80.98% (As of Dec. 2023)


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What is iSun 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. iSun's annualized Net Income for the quarter that ended in Dec. 2023 was $-46.64 Mil. iSun's average total tangible assets for the quarter that ended in Dec. 2023 was $57.60 Mil. Therefore, iSun's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -80.98%.

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

ISUNQ's Return-on-Tangible-Asset is not ranked *
in the Semiconductors industry.
Industry Median: 2.34
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

iSun Return-on-Tangible-Asset Historical Data

The historical data trend for iSun'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.

iSun Return-on-Tangible-Asset Chart

iSun 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 21.22 -5.55 -18.47 -106.07 -36.06

iSun Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -327.25 -22.17 -18.07 -15.32 -80.98

Competitive Comparison of iSun's Return-on-Tangible-Asset

For the Solar subindustry, iSun'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.


iSun's Return-on-Tangible-Asset Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, iSun's Return-on-Tangible-Asset distribution charts can be found below:

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


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iSun Return-on-Tangible-Asset Calculation

iSun'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 )
=-19.417/( (53.443+54.262)/ 2 )
=-19.417/53.8525
=-36.06 %

iSun's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=-46.644/( (60.934+54.262)/ 2 )
=-46.644/57.598
=-80.98 %

* 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 (Dec. 2023) net income data.


iSun  (OTCPK:ISUNQ) 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.


iSun Return-on-Tangible-Asset Related Terms

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


iSun Business Description

Traded in Other Exchanges
N/A
Address
400 Avenue D, Suite 10, Williston, VT, USA, 05495
iSun Inc is a solar energy services and infrastructure deployment company. Its service provides services include solar, storage, and electric vehicle infrastructure, design, development and professional services, engineering, procurement, installation, O&M, and storage. The company operates in all solar markets including residential, commercial, industrial, and utility segments.
Executives
Claudia Michel Meer director 5425 WICKFORD DRIVE, NORTH BETHESDA MD 20852
Frederick Jr Myrick director, 10 percent owner, officer: Executive Vice President 1 HICKORY LANE, ESSEX JUNCTION VT 05452
Jeffrey Peck director, 10 percent owner, officer: Chief Executive Officer 618 BRENNAN WOODS DRIVE, WILLISTON VT 05495
John Patrick Sullivan officer: Chief Financial Officer 97 OVERLAKE PARK, BURLINGTON VT 05401
Michael Paul D'amato officer: Chief Strategy Officer 208 MIDWOOD STREET, BROOKLYN NY 11225
Daniel Reid Dus officer: President of iSun Industrial 850 SUMMER ST, M9, LEE MA 01238
Andrew Christian Matthy director 400 AVENUE D, WILLISTON VT 05495
Merritt Harold Kenneth Jr. officer: Secretary C/O ISUN, INC., 400 AVE D, SUITE 10, WILLISTON VT 05495
Sass Peress officer: Chief Innovation Officer 7501 MOUNTAIN SIGHTS, APT 505, MONTREAL A8 H4P0A8
Mats Wennberg 10 percent owner 240 S PINEAPPLE AVE, STE 701, SARASOTA FL 34236
Joseph A Bobier other: Member of group that owns 10% 240 S PINEAPPLE AVE, STE 701, SARASOTA FL 34236
Roger G Branton 10 percent owner 240 S PINEAPPLE AVE, STE 701, SARASOTA FL 34236
Richard L Mooers 10 percent owner 240 S PINEAPPLE AVE, STE 701, SARASOTA FL 34236
Douglas Rose director 802 HITCHING POST RD, VISTA CA 92081
Stewart I. Martin director 598 SW 16TH STREET, BOCA RATON FL 33432

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