What is Scientific Industries 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. Scientific Industries's annualizedNet Income for the quarter that ended in Mar. 2025 was $-7.12 Mil. Scientific Industries's average total tangible assets for the quarter that ended in Mar. 2025 was $10.26 Mil. Therefore, Scientific Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was -69.35%.
The historical rank and industry rank for Scientific Industries's Return-on-Tangible-Asset or its related term are showing as below:
SCND'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -66.89 Med: -4.59 Max: 9.45
Current: -51.19
During the past 13 years, Scientific Industries's highest Return-on-Tangible-Asset was 9.45%. The lowest was -66.89%. And the median was -4.59%.
SCND's Return-on-Tangible-Asset is ranked worse than 95.76% of 2455
companies
in the Hardware industry
Industry Median: 2.49
vs SCND: -51.19
Scientific Industries Return-on-Tangible-Asset Historical Data
The historical data trend for Scientific Industries'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.
Competitive Comparison of Scientific Industries's Return-on-Tangible-Asset
For the Scientific & Technical Instruments subindustry, Scientific Industries'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.
Scientific Industries's Return-on-Tangible-Asset Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Scientific Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Scientific Industries'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 four times the quarterly (Mar. 2025) net income data.
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.
Scientific Industries Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Scientific Industries's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Scientific Industries Inc is engaged in the design, manufacture, and marketing of benchtop laboratory equipment. Its products are used for research purposes by universities, pharmaceutical companies, pharmacies, national laboratories, medical device manufacturers, petrochemical companies, and other industries performing laboratory-scale research. The company's operating segment includes Benchtop Laboratory Equipment, Bioprocessing Systems and Corporate. It generates maximum revenue from the Benchtop Laboratory Equipment segment. The company offers equipment products such as mixers, shakers, stirrers, refrigerated incubators, pharmacy balances and scales, force gauges, catalyst instruments, reactor systems, and high throughput systems.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SCND has been successfully added to your 