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MMA (Mixed Martial Arts Group) Return-on-Tangible-Asset : -274.13% (As of Jun. 2024)


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What is Mixed Martial Arts 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. Mixed Martial Arts Group's annualized Net Income for the quarter that ended in Jun. 2024 was $-9.57 Mil. Mixed Martial Arts Group's average total tangible assets for the quarter that ended in Jun. 2024 was $3.49 Mil. Therefore, Mixed Martial Arts Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was -274.13%.

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

MMA' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -543.06   Med: -480.13   Max: -274.13
Current: -274.13

During the past 3 years, Mixed Martial Arts Group's highest Return-on-Tangible-Asset was -274.13%. The lowest was -543.06%. And the median was -480.13%.

MMA's Return-on-Tangible-Asset is ranked worse than
99.05% of 839 companies
in the Travel & Leisure industry
Industry Median: 2.3 vs MMA: -274.13

Mixed Martial Arts Group Return-on-Tangible-Asset Historical Data

The historical data trend for Mixed Martial Arts 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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Mixed Martial Arts Group Return-on-Tangible-Asset Chart

Mixed Martial Arts Group Annual Data
Trend Jun22 Jun23 Jun24
Return-on-Tangible-Asset
-543.06 -480.13 -274.13

Mixed Martial Arts Group Semi-Annual Data
Jun22 Jun23 Jun24
Return-on-Tangible-Asset -543.06 -480.13 -274.13

Competitive Comparison of Mixed Martial Arts Group's Return-on-Tangible-Asset

For the Leisure subindustry, Mixed Martial Arts 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.


Mixed Martial Arts Group's Return-on-Tangible-Asset Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Mixed Martial Arts Group's Return-on-Tangible-Asset distribution charts can be found below:

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


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Mixed Martial Arts Group Return-on-Tangible-Asset Calculation

Mixed Martial Arts Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=-9.567/( (4.309+2.671)/ 2 )
=-9.567/3.49
=-274.13 %

Mixed Martial Arts Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Jun. 2023 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Jun. 2023 )(Q: Jun. 2024 )
=-9.567/( (4.309+2.671)/ 2 )
=-9.567/3.49
=-274.13 %

* 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 one times the annual (Jun. 2024) net income data.


Mixed Martial Arts Group  (AMEX:MMA) 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.


Mixed Martial Arts Group Return-on-Tangible-Asset Related Terms

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Mixed Martial Arts Group Business Description

Traded in Other Exchanges
N/A
Address
29-33, The Corso, Suite 1, Level 1, Manly, Sydney, NSW, AUS, 2095
Mixed Martial Arts Group Ltd formerly Alta Global Group Ltd is a technology company engaged in the provision and administration of mixed martial arts training programs, and gym programs. It provides subscription-based products and services, offering both B2B SaaS solutions and B2C products and programs, covering online engagement, online content, and immersive in-gym experiences. The company's business units are; Trainalta.com; Mixed Martial Arts.com; and Hype.Co, Mobile Marketing solution. Its Alta Platform serves as a comprehensive solution for martial arts and combat sports, offering a blend of four core products: the Warrior Training Program, UFC Fight Fit Program, Alta Academy, and the Alta Community.