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. TAAT Global Alternatives's annualizedNet Income for the quarter that ended in Jul. 2024 was $-0.09 Mil. TAAT Global Alternatives's average total tangible assets for the quarter that ended in Jul. 2024 was $7.71 Mil. Therefore, TAAT Global Alternatives's annualized Return-on-Tangible-Asset for the quarter that ended in Jul. 2024 was -1.19%.
The historical rank and industry rank for TAAT Global Alternatives's Return-on-Tangible-Asset or its related term are showing as below:
TOBAF's Return-on-Tangible-Asset is not ranked *
in the Tobacco Products industry.
Industry Median: 10.52 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
TAAT Global Alternatives (OTCPK:TOBAF) 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.
TAAT Global Alternatives Return-on-Tangible-Asset Related Terms
TAAT Global Alternatives Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TAAT Global Alternatives'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.
TAAT Global Alternatives Return-on-Tangible-Asset Chart
TOBAF vs VPRB, XXII, CBDW: Return-on-Tangible-Asset Comparison
For the Tobacco subindustry, TAAT Global Alternatives'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.
TAAT Global Alternatives Return-on-Tangible-Asset vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, TAAT Global Alternatives's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TAAT Global Alternatives'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 (Jul. 2024) net income data.
What does a Return-on-Tangible-Asset of -1.19% mean?
TAAT Global Alternatives (TOBAF) has a Return-on-Tangible-Asset of -1.19% as of Jul. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TAAT Global Alternatives and its competitors.
Is TAAT Global Alternatives' Return-on-Tangible-Asset too high?
TAAT Global Alternatives' current Return-on-Tangible-Asset is -1.19%. Overall, TAAT Global Alternatives has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does TAAT Global Alternatives' Return-on-Tangible-Asset compare to VPRB and XXII?
TAAT Global Alternatives' Return-on-Tangible-Asset of -1.19% can be compared against companies in the Tobacco Products industry. The industry median Return-on-Tangible-Asset is 10.52. 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 Tobacco Products company?
The median Return-on-Tangible-Asset among Tobacco Products companies is 10.52, based on 49 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. 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 TAAT Global Alternatives and its competitors. For the Tobacco Products industry, the median Return-on-Tangible-Asset is 10.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TAAT Global Alternatives's current Return-on-Tangible-Asset is -1.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAAT Global Alternatives stock overvalued right now?
TAAT Global Alternatives (TOBAF) has a current Return-on-Tangible-Asset of -1.19%. The current Return-on-Tangible-Asset is -1.19%. TAAT Global Alternatives' overall GF Score™ is 10/100. 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 TAAT Global Alternatives (TOBAF), the current Return-on-Tangible-Asset is -1.19% as of Jul. 2024. 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.
TAAT Global Alternatives Inc is a Canada-based company, which develops, manufactures, and distributes alternative product categories such as tobacco, hemp, and other emerging CPG segments. The company has two reportable segments, the sale of non-tobacco and tobacco products. It generates the majority of its revenue from the tobacco products segment.
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