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Checkit (LSE:CKT) Return-on-Tangible-Asset : -13.75% (As of Jan. 2025)


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What is Checkit 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. Checkit's annualized Net Income for the quarter that ended in Jan. 2025 was £-2.00 Mil. Checkit's average total tangible assets for the quarter that ended in Jan. 2025 was £14.55 Mil. Therefore, Checkit's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2025 was -13.75%.

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

LSE:CKT' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -46.07   Med: -11.14   Max: 379.34
Current: -22.88

During the past 13 years, Checkit's highest Return-on-Tangible-Asset was 379.34%. The lowest was -46.07%. And the median was -11.14%.

LSE:CKT's Return-on-Tangible-Asset is ranked worse than
80.29% of 2841 companies
in the Software industry
Industry Median: 1.88 vs LSE:CKT: -22.88

Checkit Return-on-Tangible-Asset Historical Data

The historical data trend for Checkit'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.

Checkit Return-on-Tangible-Asset Chart

Checkit Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.39 -28.16 -46.07 -21.69 -22.71

Checkit Semi-Annual Data
Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25
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 -61.60 -22.07 -21.99 -30.95 -13.75

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

For the Software - Application subindustry, Checkit'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.


Checkit's Return-on-Tangible-Asset Distribution in the Software Industry

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

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


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Checkit Return-on-Tangible-Asset Calculation

Checkit's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jan. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jan. 2025 )  (A: Jan. 2024 )(A: Jan. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jan. 2025 )  (A: Jan. 2024 )(A: Jan. 2025 )
=-3.6/( (18.1+13.6)/ 2 )
=-3.6/15.85
=-22.71 %

Checkit's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jan. 2025 )  (Q: Jul. 2024 )(Q: Jan. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jan. 2025 )  (Q: Jul. 2024 )(Q: Jan. 2025 )
=-2/( (15.5+13.6)/ 2 )
=-2/14.55
=-13.75 %

* 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 (Jan. 2025) net income data.


Checkit  (LSE:CKT) 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.


Checkit Return-on-Tangible-Asset Related Terms

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


Checkit Business Description

Industry
Traded in Other Exchanges
N/A
Address
JJ Thomson Avenue, Broers Building, Cambridge, GBR, CB3 0FA
Checkit PLC is a real-time operation management software company engaged in providing intelligent operations management platforms for desk less workforces, enabling operational agility and intelligent decision-making in large multinational and complex national organizations. The company's subscription business model offers optional plugins for smart sensor networks and workflow task management. Its solutions apply digital tools and monitoring to transform workforce management and incorporate physical assets into a digital ecosystem using Internet of Things (IoT) sensors and monitoring devices. The company has two operating segments; the United Kingdom, and The Americas. It derives a majority of its revenue from the United Kingdom.

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