GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Docmode Health Technologies Ltd (NSE:DHTL) » Definitions » Return-on-Tangible-Asset

Docmode Health Technologies (NSE:DHTL) Return-on-Tangible-Asset : -6.10% (As of Sep. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Docmode Health Technologies 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. Docmode Health Technologies's annualized Net Income for the quarter that ended in Sep. 2024 was ₹-10.4 Mil. Docmode Health Technologies's average total tangible assets for the quarter that ended in Sep. 2024 was ₹170.9 Mil. Therefore, Docmode Health Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -6.10%.

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

NSE:DHTL' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.41   Med: 11.07   Max: 15.87
Current: -10.41

During the past 4 years, Docmode Health Technologies's highest Return-on-Tangible-Asset was 15.87%. The lowest was -10.41%. And the median was 11.07%.

NSE:DHTL's Return-on-Tangible-Asset is ranked worse than
72.53% of 688 companies
in the Healthcare Providers & Services industry
Industry Median: 1.575 vs NSE:DHTL: -10.41

Docmode Health Technologies Return-on-Tangible-Asset Historical Data

The historical data trend for Docmode Health Technologies'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.

Docmode Health Technologies Return-on-Tangible-Asset Chart

Docmode Health Technologies Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
9.97 12.17 15.87 1.14

Docmode Health Technologies Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
Return-on-Tangible-Asset Get a 7-Day Free Trial - - 18.37 -14.41 -6.10

Competitive Comparison of Docmode Health Technologies's Return-on-Tangible-Asset

For the Health Information Services subindustry, Docmode Health Technologies'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.


Docmode Health Technologies's Return-on-Tangible-Asset Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Docmode Health Technologies's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Docmode Health Technologies's Return-on-Tangible-Asset falls into.


;
;

Docmode Health Technologies Return-on-Tangible-Asset Calculation

Docmode Health Technologies's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=1.876/( (149.501+178.803)/ 2 )
=1.876/164.152
=1.14 %

Docmode Health Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=-10.426/( (178.803+162.938)/ 2 )
=-10.426/170.8705
=-6.10 %

* 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 (Sep. 2024) net income data.


Docmode Health Technologies  (NSE:DHTL) 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.


Docmode Health Technologies Return-on-Tangible-Asset Related Terms

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


Docmode Health Technologies Business Description

Traded in Other Exchanges
N/A
Address
Chincholi Bunder Road, 201, Kalpataru Plaza, Rambaug Off, Nadiyawala Colony 2, Malad, Mumbai, MH, IND, 400064
Docmode Health Technologies Ltd is engaged in the business of providing comprehensive & interactive learning programs for healthcare professionals through e-Learning measures and providing online CME (continuous medical education) Certification Courses and designing & conducting surveys, quizzes, questionnaires, etc. for collecting data insights related to the healthcare industry Its business segment is engaged in providing vocational training, DocMode is a platform that provides authoritative, comprehensive, and interactive learning programs for Health Professionals - Doctors, Nurses, Allied and Medical Students - across the world. The company has a new segments namely publishing of Medical books, trading of medical books and journals, conducting customised and inhouse events.

Docmode Health Technologies Headlines

No Headlines