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PMEDF (Predictmedix AI) Return-on-Tangible-Asset : -576.25% (As of Jul. 2024)


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What is Predictmedix AI 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. Predictmedix AI's annualized Net Income for the quarter that ended in Jul. 2024 was $-0.75 Mil. Predictmedix AI's average total tangible assets for the quarter that ended in Jul. 2024 was $0.13 Mil. Therefore, Predictmedix AI's annualized Return-on-Tangible-Asset for the quarter that ended in Jul. 2024 was -576.25%.

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

PMEDF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -417.78   Med: -195.15   Max: -130.58
Current: -394.97

During the past 5 years, Predictmedix AI's highest Return-on-Tangible-Asset was -130.58%. The lowest was -417.78%. And the median was -195.15%.

PMEDF's Return-on-Tangible-Asset is ranked worse than
97.34% of 866 companies
in the Medical Devices & Instruments industry
Industry Median: -0.995 vs PMEDF: -394.97

Predictmedix AI Return-on-Tangible-Asset Historical Data

The historical data trend for Predictmedix AI'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.

Predictmedix AI Return-on-Tangible-Asset Chart

Predictmedix AI Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23
Return-on-Tangible-Asset
- -136.00 -133.08 -256.41 -399.22

Predictmedix AI Quarterly Data
Jan19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Jul23 Oct23 Jul24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -309.11 -984.62 -1,034.48 -787.95 -576.25

Competitive Comparison of Predictmedix AI's Return-on-Tangible-Asset

For the Medical Devices subindustry, Predictmedix AI'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.


Predictmedix AI's Return-on-Tangible-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Predictmedix AI's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Predictmedix AI's Return-on-Tangible-Asset falls into.


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Predictmedix AI Return-on-Tangible-Asset Calculation

Predictmedix AI's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jan. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jan. 2023 )  (A: Jan. 2022 )(A: Jan. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jan. 2023 )  (A: Jan. 2022 )(A: Jan. 2023 )
=-1.541/( (0.569+0.203)/ 2 )
=-1.541/0.386
=-399.22 %

Predictmedix AI's annualized Return-on-Tangible-Asset for the quarter that ended in Jul. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jul. 2024 )  (Q: Oct. 2023 )(Q: Jul. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jul. 2024 )  (Q: Oct. 2023 )(Q: Jul. 2024 )
=-0.752/( (0.166+0.095)/ 2 )
=-0.752/0.1305
=-576.25 %

* 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 (Jul. 2024) net income data.


Predictmedix AI  (OTCPK:PMEDF) 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.


Predictmedix AI Return-on-Tangible-Asset Related Terms

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Predictmedix AI Business Description

Traded in Other Exchanges
Address
77 King Street West, Suite 3000, Toronto, ON, CAN, M5K 1G8
Predictmedix AI Inc provides rapid health screening and remote patient care solutions globally. The company's Safe Entry Stations are powered by a proprietary artificial intelligence (AI) that uses multispectral cameras to analyze physiological data patterns and predict a variety of health issues including infectious diseases such as COVID-19, impairment by drugs or alcohol, fatigue or various mental illnesses.