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PRZO (ParaZero Technologies) Return-on-Tangible-Asset : -280.48% (As of Dec. 2024)


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What is ParaZero 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. ParaZero Technologies's annualized Net Income for the quarter that ended in Dec. 2024 was $-18.06 Mil. ParaZero Technologies's average total tangible assets for the quarter that ended in Dec. 2024 was $6.44 Mil. Therefore, ParaZero Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -280.48%.

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

PRZO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -254.13   Med: -156.1   Max: -78.78
Current: -155.69

During the past 5 years, ParaZero Technologies's highest Return-on-Tangible-Asset was -78.78%. The lowest was -254.13%. And the median was -156.10%.

PRZO's Return-on-Tangible-Asset is ranked worse than
96.62% of 325 companies
in the Aerospace & Defense industry
Industry Median: 2.95 vs PRZO: -155.69

ParaZero Technologies Return-on-Tangible-Asset Historical Data

The historical data trend for ParaZero 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.

ParaZero Technologies Return-on-Tangible-Asset Chart

ParaZero Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
-254.13 -94.91 -196.67 -78.78 -156.10

ParaZero Technologies Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only -125.11 -79.71 -141.29 -52.08 -280.48

Competitive Comparison of ParaZero Technologies's Return-on-Tangible-Asset

For the Aerospace & Defense subindustry, ParaZero 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.


ParaZero Technologies's Return-on-Tangible-Asset Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, ParaZero Technologies's Return-on-Tangible-Asset distribution charts can be found below:

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


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ParaZero Technologies Return-on-Tangible-Asset Calculation

ParaZero Technologies'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 )
=-11.054/( (8.425+5.738)/ 2 )
=-11.054/7.0815
=-156.10 %

ParaZero Technologies'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 )
=-18.056/( (7.137+5.738)/ 2 )
=-18.056/6.4375
=-280.48 %

* 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.


ParaZero Technologies  (NAS:PRZO) 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.


ParaZero Technologies Return-on-Tangible-Asset Related Terms

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ParaZero Technologies Business Description

Traded in Other Exchanges
N/A
Address
1 Hatachana Street, Kfar Saba, ISR, 4453001
ParaZero Technologies Ltd is an aerospace company that is focused on drone safety systems and engaged in the business of designing, developing, and providing autonomous parachute safety systems for commercial drones, also known as unmanned aerial systems. The ParaZero SafeAir system of the company applies real-time data analytics to identify and mitigate flight risks autonomously and increase safety for bystanders while protecting the loss of expensive drones, equipment, and payloads.