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European Green Transition (LSE:EGT) Return-on-Tangible-Asset : -29.61% (As of Dec. 2024)


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What is European Green Transition 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. European Green Transition's annualized Net Income for the quarter that ended in Dec. 2024 was £-1.30 Mil. European Green Transition's average total tangible assets for the quarter that ended in Dec. 2024 was £4.38 Mil. Therefore, European Green Transition's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -29.61%.

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

LSE:EGT' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -180.87   Med: -110.65   Max: -35.65
Current: -72.32

During the past 4 years, European Green Transition's highest Return-on-Tangible-Asset was -35.65%. The lowest was -180.87%. And the median was -110.65%.

LSE:EGT's Return-on-Tangible-Asset is ranked worse than
97.32% of 1682 companies
in the Asset Management industry
Industry Median: 4.255 vs LSE:EGT: -72.32

European Green Transition Return-on-Tangible-Asset Historical Data

The historical data trend for European Green Transition'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.

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European Green Transition Return-on-Tangible-Asset Chart

European Green Transition Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
- -35.65 -180.87 -110.65

European Green Transition Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial -31.12 -15.88 -28.40 -116.31 -29.61

Competitive Comparison of European Green Transition's Return-on-Tangible-Asset

For the Asset Management subindustry, European Green Transition'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.


European Green Transition's Return-on-Tangible-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, European Green Transition's Return-on-Tangible-Asset distribution charts can be found below:

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


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European Green Transition Return-on-Tangible-Asset Calculation

European Green Transition's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=-2.14/( (0.122+3.746)/ 2 )
=-2.14/1.934
=-110.65 %

European Green Transition's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=-1.296/( (5.009+3.746)/ 2 )
=-1.296/4.3775
=-29.61 %

* 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 (Dec. 2024) net income data.


European Green Transition  (LSE:EGT) 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.


European Green Transition Return-on-Tangible-Asset Related Terms

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European Green Transition Business Description

Traded in Other Exchanges
N/A
Address
The Walbrook Building, 25 Walbrook, London, GBR, EC4N 8AF
European Green Transition PLC is focussed on building a pipeline of high-quality green economy assets in Europe. It aims to acquire high quality projects which are distressed, under-valued and capital restricted. EGT is to build a portfolio of green economy assets within a sustainable, profitable business, focused on generating returns and creating shareholder value.

European Green Transition Headlines