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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. ProKidney's annualized Net Income for the quarter that ended in Mar. 2024 was $-37.97 Mil. ProKidney's average total tangible assets for the quarter that ended in Mar. 2024 was $404.16 Mil. Therefore, ProKidney's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -9.39%.
The historical rank and industry rank for ProKidney's Return-on-Tangible-Asset or its related term are showing as below:
During the past 4 years, ProKidney's highest Return-on-Tangible-Asset was -7.56%. The lowest was -197.20%. And the median was -102.67%.
The historical data trend for ProKidney'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.
ProKidney Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Return-on-Tangible-Asset | -166.58 | -197.20 | -38.75 | -7.56 |
ProKidney Quarterly Data | ||||||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -7.63 | -7.45 | -9.39 | -5.23 | -9.39 |
For the Biotechnology subindustry, ProKidney'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.
For the Biotechnology industry and Healthcare sector, ProKidney's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ProKidney's Return-on-Tangible-Asset falls into.
ProKidney's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -35.468 | / | ( (517.783 | + | 420.552) | / 2 ) | |
= | -35.468 | / | 469.1675 | ||||
= | -7.56 % |
ProKidney's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -37.968 | / | ( (420.552 | + | 387.763) | / 2 ) | |
= | -37.968 | / | 404.1575 | ||||
= | -9.39 % |
* 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 (Mar. 2024) net income data.
ProKidney (NAS:PROK) 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.
Thank you for viewing the detailed overview of ProKidney's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Chamath Palihapitiya | 10 percent owner | THE SOCIAL-CAPITAL PARTNERSHIP, L.L.C., 506 SANTA CRUZ AVENUE, SUITE 300, MENLO PARK CA 94025 |
Sc Pipe Holdings Llc | 10 percent owner | 506 SANTA CRUZ AVE., SUITE 300, MENLO PARK CA 94025 |
Sc Master Holdings, Llc | 10 percent owner | 506 SANTA CRUZ AVENUE, SUITE 300, MENLO PARK CA 94025 |
Bruce Culleton | officer: EVP, Clinical Development | 2000 FRONTIS PLAZA BLVD., SUITE 250, WINSTON-SALEM NC 27103 |
Aaron Cowen | 10 percent owner | 540 MADISON AVENUE, 7TH FLOOR, NEW YORK NY 10022 |
Mary Weger | officer: Chief People Officer | ONE MAIN STREET, SUITE 800, CAMBRIDGE MA 02142 |
William F Doyle | director | |
Tolerantia, Llc | 10 percent owner | 110 EAST 59TH STREET, SUITE 3300, NEW YORK NY 10022 |
Jimenez Santos Jose Ignacio | director | C/O PROKIDNEY CORP., 3929 WESTPOINT BLVD., SUITE G, WINSTON-SALEM NC 27103 |
Deepak Jain | officer: Chief Operating Officer | C/O PROKIDNEY CORP., 3929 WESTPOINT BLVD., SUITE G, WINSTON-SALEM NC 27103 |
Darin J. Weber | officer: SVP of Regulatory Development | C/O PROKIDNEY CORP., 3929 WESTPOINT BLVD., SUITE G, WINSTON-SALEM NC 27103 |
Libbie Parker Mckenzie | officer: Chief Medical Officer | C/O PROKIDNEY CORP., 3929 WESTPOINT BLVD., SUITE G, WINSTON-SALEM NC 27103 |
James Coulston | officer: Chief Financial Officer | C/O PROKIDNEY CORP., 3929 WESTPOINT BLVD., SUITE G, WINSTON-SALEM NC 27103 |
Jennifer A. Fox | director | C/O NUVATION BIO INC., 1500 BROADWAY, SUITE 1401, NEW YORK NY 10036 |
Timothy Bertram | director, officer: Chief Executive Officer | C/O TENGION, INC., 2900 POTSHOP LANE, SUITE 100, EAST NORRITON PA 19403 |
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