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MAMO (Massimo Group) Return-on-Tangible-Asset : -16.51% (As of Mar. 2025)


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What is Massimo 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. Massimo Group's annualized Net Income for the quarter that ended in Mar. 2025 was $-8.36 Mil. Massimo Group's average total tangible assets for the quarter that ended in Mar. 2025 was $50.62 Mil. Therefore, Massimo Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was -16.51%.

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

MAMO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.87   Med: 12.24   Max: 26.43
Current: -6.87

During the past 4 years, Massimo Group's highest Return-on-Tangible-Asset was 26.43%. The lowest was -6.87%. And the median was 12.24%.

MAMO's Return-on-Tangible-Asset is ranked worse than
88.44% of 1324 companies
in the Vehicles & Parts industry
Industry Median: 3.06 vs MAMO: -6.87

Massimo Group Return-on-Tangible-Asset Historical Data

The historical data trend for Massimo 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.

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Massimo Group Return-on-Tangible-Asset Chart

Massimo Group Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
13.07 11.41 26.43 3.64

Massimo Group Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.52 23.19 -18.72 -12.38 -16.51

Competitive Comparison of Massimo Group's Return-on-Tangible-Asset

For the Recreational Vehicles subindustry, Massimo 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.


Massimo Group's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Massimo Group's Return-on-Tangible-Asset distribution charts can be found below:

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


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Massimo Group Return-on-Tangible-Asset Calculation

Massimo Group'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 )
=1.762/( (41.943+54.89)/ 2 )
=1.762/48.4165
=3.64 %

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=-8.356/( (54.89+46.35)/ 2 )
=-8.356/50.62
=-16.51 %

* 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. 2025) net income data.


Massimo Group  (NAS:MAMO) 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.


Massimo Group Return-on-Tangible-Asset Related Terms

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Massimo Group Business Description

Traded in Other Exchanges
N/A
Address
3101 W Miller Road, Garland, TX, USA, 75041
Massimo Group is engaged in the mid-tier band the (Mid-Tier Band) of the Powersports Vehicles and Boats Industry. It manufacture, import and distribute a diversified portfolio of products divided into two main lines: a motor sports brand consisting of utility terrain vehicles (UTVs), all-terrain vehicles (ATVs), motorcycles, scooters, golf carts, and a juvenile line from go karts to balance bikes; and a motor boat line consisting of pontoon and tritoon boats (Pontoon Boats).