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. Solar Integrated Roofing's annualizedNet Income for the quarter that ended in Sep. 2022 was $26.29 Mil. Solar Integrated Roofing's average total tangible assets for the quarter that ended in Sep. 2022 was $91.64 Mil. Therefore, Solar Integrated Roofing's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2022 was 28.69%.
The historical rank and industry rank for Solar Integrated Roofing's Return-on-Tangible-Asset or its related term are showing as below:
SIRC's Return-on-Tangible-Asset is not ranked *
in the Semiconductors industry.
Industry Median: 2.63 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Solar Integrated Roofing (OTCPK:SIRC) 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.
Solar Integrated Roofing Return-on-Tangible-Asset Related Terms
Solar Integrated Roofing Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Solar Integrated Roofing'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.
Solar Integrated Roofing Return-on-Tangible-Asset Chart
SIRC vs YGEHY, BSRC: Return-on-Tangible-Asset Comparison
For the Solar subindustry, Solar Integrated Roofing'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.
Solar Integrated Roofing Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Solar Integrated Roofing's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Solar Integrated Roofing'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 (Sep. 2022) net income data.
What does a Return-on-Tangible-Asset of 28.69% mean?
Solar Integrated Roofing (SIRC) has a Return-on-Tangible-Asset of 28.69% as of Sep. 2022. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Solar Integrated Roofing and its competitors.
Is Solar Integrated Roofing's Return-on-Tangible-Asset too high?
Solar Integrated Roofing's current Return-on-Tangible-Asset is 28.69%. The Semiconductors industry median Return-on-Tangible-Asset is 2.63. Solar Integrated Roofing's value of 28.69% is 990.9% above this industry median.
How does Solar Integrated Roofing's Return-on-Tangible-Asset compare to YGEHY and BSRC?
Solar Integrated Roofing's Return-on-Tangible-Asset of 28.69% can be compared against companies in the Semiconductors industry. The industry median Return-on-Tangible-Asset is 2.63. Solar Integrated Roofing's value of 28.69% is 990.9% 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.63, based on 1,025 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. Solar Integrated Roofing's current Return-on-Tangible-Asset of 28.69% is 990.9% 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 Solar Integrated Roofing and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solar Integrated Roofing's current Return-on-Tangible-Asset is 28.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Integrated Roofing stock overvalued right now?
Solar Integrated Roofing (SIRC) has a current Return-on-Tangible-Asset of 28.69%. The current Return-on-Tangible-Asset is 28.69% and 990.9% above the Semiconductors industry median of 2.63. 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 Solar Integrated Roofing (SIRC), the current Return-on-Tangible-Asset is 28.69% as of Sep. 2022. 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.
Solar Integrated Roofing Corp is an integrated, single-source solar power, EV (Electric Vehicle) charging, microgrids and roofing systems installation company providing products and services to government, commercial and residential facilities, and properties. The company has segments namely: Solar Residential; Solar Commercial; Roofing Construction; EV Charging; and Supplemental. It derives maximum revenue from Solar Commercial Segment.
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