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Adept Technology Group (LSE:ADT) Return-on-Tangible-Asset : -1.90% (As of Sep. 2022)


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What is Adept 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. Adept Technology Group's annualized Net Income for the quarter that ended in Sep. 2022 was £-0.50 Mil. Adept Technology Group's average total tangible assets for the quarter that ended in Sep. 2022 was £26.12 Mil. Therefore, Adept Technology Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2022 was -1.90%.

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

LSE:ADT's Return-on-Tangible-Asset is not ranked *
in the Telecommunication Services industry.
Industry Median: 3.15
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

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

The historical data trend for Adept 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.

Adept Technology Group Return-on-Tangible-Asset Chart

Adept Technology Group Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.82 10.36 3.77 -1.12 -18.21

Adept Technology Group Semi-Annual Data
Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22
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 -2.26 -0.30 -8.94 -30.45 -1.90

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

For the Telecom Services subindustry, Adept 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.


Adept Technology Group's Return-on-Tangible-Asset Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Adept Technology Group's Return-on-Tangible-Asset distribution charts can be found below:

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


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Adept Technology Group Return-on-Tangible-Asset Calculation

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2022 )  (A: Mar. 2021 )(A: Mar. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2022 )  (A: Mar. 2021 )(A: Mar. 2022 )
=-5.232/( (29.328+28.133)/ 2 )
=-5.232/28.7305
=-18.21 %

Adept Technology Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2022 )  (Q: Mar. 2022 )(Q: Sep. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2022 )  (Q: Mar. 2022 )(Q: Sep. 2022 )
=-0.496/( (28.133+24.097)/ 2 )
=-0.496/26.115
=-1.90 %

* 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 two times the semi-annual (Sep. 2022) net income data.


Adept Technology Group  (LSE:ADT) 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.


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

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Adept Technology Group Business Description

Traded in Other Exchanges
N/A
Address
77 Mount Ephraim, Tunbridge Wells, Kent, GBR, TN4 8BS
Adept Technology Group PLC is an independent provider offering a unified communications portfolio of fixed-line calls, line rental, mobile, data connectivity, hardware, managed services, WiFi, IP telephony and IT services to thousands of business and residential customers across the UK. It offers flexible technical and commercial options for onsite and cloud-based telephony and managed services. The company operates in the Fixed-line services segment that provides calls and line rental services and Managed services that offer data connectivity, hardware services, IP telephony, support and maintenance services.