What is New Asia Holdings 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. New Asia Holdings's annualizedNet Income for the quarter that ended in Sep. 2023 was $-0.15 Mil. New Asia Holdings's average total tangible assets for the quarter that ended in Sep. 2023 was $0.03 Mil. Therefore, New Asia Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was -558.49%.
The historical rank and industry rank for New Asia Holdings's Return-on-Tangible-Asset or its related term are showing as below:
NAHD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7945.08 Med: -291.31 Max: 1311.39
Current: -699.19
During the past 13 years, New Asia Holdings's highest Return-on-Tangible-Asset was 1311.39%. The lowest was -7945.08%. And the median was -291.31%.
NAHD's Return-on-Tangible-Asset is ranked worse than 98.23% of 2822
companies
in the Software industry
Industry Median: 1.225
vs NAHD: -699.19
New Asia Holdings Return-on-Tangible-Asset Historical Data
The historical data trend for New Asia Holdings'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.
Competitive Comparison of New Asia Holdings's Return-on-Tangible-Asset
For the Software - Application subindustry, New Asia Holdings'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.
New Asia Holdings's Return-on-Tangible-Asset Distribution in the Software Industry
For the Software industry and Technology sector, New Asia Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where New Asia Holdings's Return-on-Tangible-Asset falls into.
New Asia Holdings Return-on-Tangible-Asset Calculation
New Asia Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:
* 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 (Sep. 2023) net income data.
New Asia Holdings (OTCPK:NAHD) 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 companys 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 companys 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.
New Asia Holdings Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of New Asia Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
New Asia Holdings (New Asia Holdings) Business Description
New Asia Holdings Inc is engaged in developing and deploying its proprietary, neural trading models for the financial community. It offers trading software solutions to clients on the basis of a software-as-a-service (SaaS) licensing and delivery models with licensed users availing of service-based contractual arrangements. The company's products capitalize the large volume of the 24 hour Forex markets to achieve capital appreciation over a medium- to long-term basis, combined with the usage of a good wealth vehicle designed to control risk, profit from both bull or bear markets, and maximize liquidity and economic resilience.
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