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. AXT's annualizedNet Income for the quarter that ended in Mar. 2024 was €-7.66 Mil. AXT's average total tangible assets for the quarter that ended in Mar. 2024 was €324.15 Mil. Therefore, AXT's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -2.36%.
The historical rank and industry rank for AXT's Return-on-Tangible-Asset or its related term are showing as below:
STU:AHV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.93 Med: 2.47 Max: 5.57
Current: -4.72
During the past 13 years, AXT's highest Return-on-Tangible-Asset was 5.57%. The lowest was -4.93%. And the median was 2.47%.
STU:AHV's Return-on-Tangible-Asset is ranked worse than 76.15% of 998
companies
in the Semiconductors industry
Industry Median: 2.56
vs STU:AHV: -4.72
AXT Return-on-Tangible-Asset Historical Data
The historical data trend for AXT'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 AXT's Return-on-Tangible-Asset
For the Semiconductor Equipment & Materials subindustry, AXT'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.
AXT's Return-on-Tangible-Asset Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, AXT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where AXT's Return-on-Tangible-Asset falls into.
AXT Return-on-Tangible-Asset Calculation
AXT'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.
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.
AXT Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of AXT's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
AXT Inc is a developer and producer of compound and single-element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.
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