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TAO Alpha (LSE:TAO) Return-on-Tangible-Asset : -157.94% (As of Aug. 2024)


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What is TAO Alpha 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. TAO Alpha's annualized Net Income for the quarter that ended in Aug. 2024 was £-0.77 Mil. TAO Alpha's average total tangible assets for the quarter that ended in Aug. 2024 was £0.49 Mil. Therefore, TAO Alpha's annualized Return-on-Tangible-Asset for the quarter that ended in Aug. 2024 was -157.94%.

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

LSE:TAO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -618.56   Med: -283.62   Max: -109.15
Current: -148.85

During the past 3 years, TAO Alpha's highest Return-on-Tangible-Asset was -109.15%. The lowest was -618.56%. And the median was -283.62%.

LSE:TAO's Return-on-Tangible-Asset is ranked worse than
93.16% of 585 companies
in the Interactive Media industry
Industry Median: -1.1 vs LSE:TAO: -148.85

TAO Alpha Return-on-Tangible-Asset Historical Data

The historical data trend for TAO Alpha'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.

TAO Alpha Return-on-Tangible-Asset Chart

TAO Alpha Annual Data
Trend Feb22 Feb23 Feb24
Return-on-Tangible-Asset
-618.56 -283.62 -109.15

TAO Alpha Semi-Annual Data
Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
Return-on-Tangible-Asset Get a 7-Day Free Trial -173.47 -112.69 -109.53 -150.12 -157.94

Competitive Comparison of TAO Alpha's Return-on-Tangible-Asset

For the Electronic Gaming & Multimedia subindustry, TAO Alpha'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.


TAO Alpha's Return-on-Tangible-Asset Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, TAO Alpha's Return-on-Tangible-Asset distribution charts can be found below:

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


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TAO Alpha Return-on-Tangible-Asset Calculation

TAO Alpha's annualized Return-on-Tangible-Asset for the fiscal year that ended in Feb. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Feb. 2024 )  (A: Feb. 2023 )(A: Feb. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Feb. 2024 )  (A: Feb. 2023 )(A: Feb. 2024 )
=-1.575/( (2.266+0.62)/ 2 )
=-1.575/1.443
=-109.15 %

TAO Alpha's annualized Return-on-Tangible-Asset for the quarter that ended in Aug. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Aug. 2024 )  (Q: Feb. 2024 )(Q: Aug. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Aug. 2024 )  (Q: Feb. 2024 )(Q: Aug. 2024 )
=-0.766/( (0.62+0.35)/ 2 )
=-0.766/0.485
=-157.94 %

* 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 (Aug. 2024) net income data.


TAO Alpha  (LSE:TAO) 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.


TAO Alpha Return-on-Tangible-Asset Related Terms

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


TAO Alpha Business Description

Traded in Other Exchanges
Address
16 Great Queen Street, 9th Floor, London, GBR, WC2B 5DG
TAO Alpha PLC is a provider of AI-based conversational technologies. The company is focused on establishing AI-focused business.

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