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Octave IntelligenceOCTV +5.29%19 Return-on-Tangible-Asset is 40.50% as of Dec. 2024, which is 13% above its 10-year median of 35.73. GuruFocus rates OCTV with a GF Score™ of 19/100. The stock has 1 warning sign investors should review. Among 2,892 Software companies, Octave Intelligence ranks better than 97.93% on this metric.
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. Octave Intelligence's annualizedNet Income for the quarter that ended in Dec. 2024 was $309 Mil. Octave Intelligence's average total tangible assets for the quarter that ended in Dec. 2024 was $763 Mil. Therefore, Octave Intelligence's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 40.50%.
The historical rank and industry rank for Octave Intelligence's Return-on-Tangible-Asset or its related term are showing as below:
OCTV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 30.95 Med: 35.73 Max: 40.5
Current: 40.5
During the past 3 years, Octave Intelligence's highest Return-on-Tangible-Asset was 40.50%. The lowest was 30.95%. And the median was 35.73%.
OCTV's Return-on-Tangible-Asset is ranked better than 97.93% of 2892
companies
in the Software industry
Industry Median: 2.055
vs OCTV: 40.50
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.
Octave Intelligence Return-on-Tangible-Asset Related Terms
Octave Intelligence Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Octave Intelligence'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.
OCTV vs SRAD, DAVE, LIF: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Octave Intelligence'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.
Octave Intelligence Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Octave Intelligence's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Octave Intelligence's Return-on-Tangible-Asset falls into.
* 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 (Dec. 2024) net income data.
What does a Return-on-Tangible-Asset of 40.50% mean?
Octave Intelligence (OCTV) has a Return-on-Tangible-Asset of 40.50% as of Dec. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Octave Intelligence and its competitors. This is 13% above median its historical median of 35.73. Over the past decade, Octave Intelligence's Return-on-Tangible-Asset has ranged from 30.95 to 40.50. According to the industry distribution chart, Octave Intelligence ranks #60 out of 2892 companies in the Software industry, placing it in the top 2.1%.
Is Octave Intelligence's Return-on-Tangible-Asset too high?
Octave Intelligence's current Return-on-Tangible-Asset of 40.50% is 13% above median its 10-year median of 35.73. Over the past 10 years, this metric has ranged from a low of 30.95 to a high of 40.50. The Software industry median Return-on-Tangible-Asset is 2.06. Octave Intelligence's value of 40.50% is 1870.8% above this industry median. Based on the distribution chart, Octave Intelligence ranks #60 out of 2892 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Octave Intelligence has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Octave Intelligence's Return-on-Tangible-Asset compare to SRAD and DAVE?
According to the Software industry distribution chart, Octave Intelligence ranks #60 out of 2892 companies for Return-on-Tangible-Asset. This places Octave Intelligence in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.06. Octave Intelligence's value of 40.50% is 1870.8% above this benchmark. Historically, Octave Intelligence's own Return-on-Tangible-Asset has ranged from 30.95 to 40.50 over the past decade. While the company's 10-year median is 35.73 vs. the industry median of 2.06, Octave Intelligence has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Software company?
The median Return-on-Tangible-Asset among Software companies is 2.06, based on 2,892 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Octave Intelligence's current Return-on-Tangible-Asset of 40.50% is 1870.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Octave Intelligence and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Octave Intelligence's current Return-on-Tangible-Asset is 40.50%, which is 13% above median its own 10-year median of 35.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Octave Intelligence stock overvalued right now?
Octave Intelligence (OCTV) has a current Return-on-Tangible-Asset of 40.50%. The current Return-on-Tangible-Asset is 40.50%, which is 13% above median its 10-year median of 35.73 and 1870.8% above the Software industry median of 2.06. Octave Intelligence's overall GF Score™ is 19/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Octave Intelligence (OCTV), the current Return-on-Tangible-Asset is 40.50% as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Octave Intelligence PLC provides a suite of software solutions that help organizations design, build, operate, and protect their physical assets, people, and critical infrastructure. The company operates in a single business segment developing enterprise software used in design, construction, operations, and security. Geographically, it operates in Americas that includes the United States, and Other Americas (Canada, and Latin America); EMIA that includes Europe, Middle East, India, and Africa; and APAC that includes the Asia-Pacific region, excluding India. The company derives maximum revenue from Americas. Its products include: Octave Coda Spatial, Octave Alto Twin, Octave Coda, Octave Oncall, Octave Alto, Octave Imagine, Octave Oncall Dispatch, Octave Alto Lightspeed, and Others.
19GF Score
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