The historical rank and industry rank for SS Innovations International's Return-on-Tangible-Asset or its related term are showing as below:
SSII'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3455.1 Med: -322.5 Max: -118.89
Current: -118.89
During the past 8 years, SS Innovations International's highest Return-on-Tangible-Asset was -118.89%. The lowest was -3455.10%. And the median was -322.50%.
SSII's Return-on-Tangible-Asset is ranked worse than 89.84% of 866
companies
in the Medical Devices & Instruments industry
Industry Median: -2.825
vs SSII: -118.89
SS Innovations International Return-on-Tangible-Asset Historical Data
* 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.
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SS Innovations International Return-on-Tangible-Asset Chart
Competitive Comparison of SS Innovations International's Return-on-Tangible-Asset
For the Medical Devices subindustry, SS Innovations International'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.
SS Innovations International's Return-on-Tangible-Asset Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, SS Innovations International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SS Innovations International's Return-on-Tangible-Asset falls into.
SS Innovations International Return-on-Tangible-Asset Calculation
SS Innovations International's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
SS Innovations International (OTCPK:SSII) 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.
SS Innovations International Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of SS Innovations International's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
SS Innovations International (SS Innovations International) Business Description
SS Innovations International Inc, formerly Avra Medical Robotics Inc develops medical-surgical devices. It invests in four areas including surgical robotic systems, surgical tools, implantable devices, and surgical robotic training. It is a medical robotics company developing a fully autonomous medical robotic system using proprietary software which integrates Artificial Intelligence and Deep Learning, or machine learning. By using an AI and DL-enhanced software program, the company is creating an intelligent robotic system that it believes can robotize a wide range of medical procedures currently being performed by human hands.
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