GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Arctic Bioscience AS (OSL:ABS) » Definitions » Return-on-Tangible-Asset

Arctic Bioscience AS (OSL:ABS) Return-on-Tangible-Asset : -53.45% (As of Dec. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Arctic Bioscience AS 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. Arctic Bioscience AS's annualized Net Income for the quarter that ended in Dec. 2024 was kr-48.83 Mil. Arctic Bioscience AS's average total tangible assets for the quarter that ended in Dec. 2024 was kr91.36 Mil. Therefore, Arctic Bioscience AS's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -53.45%.

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

OSL:ABS' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -42.01   Med: -23.94   Max: -6.27
Current: -42.01

During the past 7 years, Arctic Bioscience AS's highest Return-on-Tangible-Asset was -6.27%. The lowest was -42.01%. And the median was -23.94%.

OSL:ABS's Return-on-Tangible-Asset is ranked worse than
54.07% of 1500 companies
in the Biotechnology industry
Industry Median: -36.245 vs OSL:ABS: -42.01

Arctic Bioscience AS Return-on-Tangible-Asset Historical Data

The historical data trend for Arctic Bioscience AS'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.

Arctic Bioscience AS Return-on-Tangible-Asset Chart

Arctic Bioscience AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial -38.86 -24.91 -13.51 -23.94 -39.62

Arctic Bioscience AS Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -16.35 -19.62 -27.59 -36.18 -53.45

Competitive Comparison of Arctic Bioscience AS's Return-on-Tangible-Asset

For the Biotechnology subindustry, Arctic Bioscience AS'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.


Arctic Bioscience AS's Return-on-Tangible-Asset Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Arctic Bioscience AS's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Arctic Bioscience AS's Return-on-Tangible-Asset falls into.


;
;

Arctic Bioscience AS Return-on-Tangible-Asset Calculation

Arctic Bioscience AS'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 )
=-47.933/( (159.593+82.352)/ 2 )
=-47.933/120.9725
=-39.62 %

Arctic Bioscience AS's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=-48.834/( (100.363+82.352)/ 2 )
=-48.834/91.3575
=-53.45 %

* 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 (Dec. 2024) net income data.


Arctic Bioscience AS  (OSL:ABS) 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.


Arctic Bioscience AS Return-on-Tangible-Asset Related Terms

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


Arctic Bioscience AS Business Description

Traded in Other Exchanges
Address
Industrivegen 42, Orsta, NOR, 6155
Arctic Bioscience AS is a clinical-stage biotechnology company working to develop drug candidates within the areas of autoimmune and inflammatory diseases. It is developing pharmaceutical and commercializing nutraceutical products based on bioactive marine compounds, including lipids essential to maintaining cell membranes. The company's proprietary extraction technology is used to extract membrane fats from marine raw materials, such as herring roe and algae. The company is developing a novel, oral drug candidate (HRO350) for the treatment of mild-to-moderate psoriasis. The company operates geographically in Norway, Americas, Europe, and APAC, with majority of the revenue deriving from Europe.

Arctic Bioscience AS Headlines

No Headlines