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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. RJD Green's annualizedNet Income for the quarter that ended in Aug. 2023 was $0.64 Mil. RJD Green's average total tangible assets for the quarter that ended in Aug. 2023 was $2.24 Mil. Therefore, RJD Green's annualized Return-on-Tangible-Asset for the quarter that ended in Aug. 2023 was 28.70%.
The historical rank and industry rank for RJD Green's Return-on-Tangible-Asset or its related term are showing as below:
RJDG's Return-on-Tangible-Asset is not ranked *
in the Conglomerates industry.
Industry Median: 2.735 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
RJD Green (OTCPK:RJDG) 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.
RJD Green Return-on-Tangible-Asset Related Terms
RJD Green Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for RJD Green'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.
RJDG vs TICJ, AXXA, PTEEF: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, RJD Green'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.
RJD Green Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, RJD Green's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where RJD Green'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 (Aug. 2023) net income data.
What does a Return-on-Tangible-Asset of 28.70% mean?
RJD Green (RJDG) has a Return-on-Tangible-Asset of 28.70% as of Aug. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on RJD Green and its competitors.
Is RJD Green's Return-on-Tangible-Asset too high?
RJD Green's current Return-on-Tangible-Asset is 28.70%. The Conglomerates industry median Return-on-Tangible-Asset is 2.74. RJD Green's value of 28.70% is 949.4% above this industry median.
How does RJD Green's Return-on-Tangible-Asset compare to TICJ and AXXA?
RJD Green's Return-on-Tangible-Asset of 28.70% can be compared against companies in the Conglomerates industry. The industry median Return-on-Tangible-Asset is 2.74. RJD Green's value of 28.70% is 949.4% above this benchmark. 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.74, based on 570 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. RJD Green's current Return-on-Tangible-Asset of 28.70% is 949.4% 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 RJD Green and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RJD Green's current Return-on-Tangible-Asset is 28.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RJD Green stock overvalued right now?
RJD Green (RJDG) has a current Return-on-Tangible-Asset of 28.70%. The current Return-on-Tangible-Asset is 28.70% and 949.4% above the Conglomerates industry median of 2.74. 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 RJD Green (RJDG), the current Return-on-Tangible-Asset is 28.70% as of Aug. 2023. 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.
RJD Green Inc a development-stage company. The company is focused on acquiring and managing assets and companies. It operates in three sectors: Services to the Healthcare sector, Green environmental services and products, Specialty construction / industrial products and services.
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