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. Legacy Education Alliance's annualizedNet Income for the quarter that ended in Mar. 2024 was $-3.14 Mil. Legacy Education Alliance's average total tangible assets for the quarter that ended in Mar. 2024 was $0.85 Mil. Therefore, Legacy Education Alliance's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -370.32%.
The historical rank and industry rank for Legacy Education Alliance's Return-on-Tangible-Asset or its related term are showing as below:
LEAI's Return-on-Tangible-Asset is not ranked *
in the Education industry.
Industry Median: 4.38 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
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.
Legacy Education Alliance Return-on-Tangible-Asset Related Terms
Legacy Education Alliance Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Legacy Education Alliance'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.
LEAI vs TAL, EDU, LRN: Return-on-Tangible-Asset Comparison
For the Education & Training Services subindustry, Legacy Education Alliance'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.
Legacy Education Alliance Return-on-Tangible-Asset vs Education Industry
For the Education industry and Consumer Defensive sector, Legacy Education Alliance's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Legacy Education Alliance's Return-on-Tangible-Asset falls into.
* 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.
What does a Return-on-Tangible-Asset of -370.32% mean?
Legacy Education Alliance (LEAI) has a Return-on-Tangible-Asset of -370.32% as of Mar. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Legacy Education Alliance and its competitors.
Is Legacy Education Alliance's Return-on-Tangible-Asset too high?
Legacy Education Alliance's current Return-on-Tangible-Asset is -370.32%.
How does Legacy Education Alliance's Return-on-Tangible-Asset compare to TAL and EDU?
Legacy Education Alliance's Return-on-Tangible-Asset of -370.32% can be compared against companies in the Education industry. The industry median Return-on-Tangible-Asset is 4.38. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Education company?
The median Return-on-Tangible-Asset among Education companies is 4.38, based on 264 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Legacy Education Alliance and its competitors. For the Education industry, the median Return-on-Tangible-Asset is 4.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Legacy Education Alliance's current Return-on-Tangible-Asset is -370.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legacy Education Alliance stock overvalued right now?
Legacy Education Alliance (LEAI) has a current Return-on-Tangible-Asset of -370.32%. The current Return-on-Tangible-Asset is -370.32%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Legacy Education Alliance (LEAI), the current Return-on-Tangible-Asset is -370.32% as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Legacy Education Alliance Inc is engaged in the provision of educational training seminars, conferences, and services. It offers comprehensive instruction and mentorship in the areas of personal finance, entrepreneurship, real estate investing strategies, and techniques. Some of its brands are Homemade Investor, and Building Wealth with Legacy. Its geographical segments are North America, the United Kingdom, and Other foreign markets, of which the majority of its revenue comes from North America.
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