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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. TPT Global Tech's annualizedNet Income for the quarter that ended in Sep. 2024 was $7.78 Mil. TPT Global Tech's average total tangible assets for the quarter that ended in Sep. 2024 was $0.06 Mil. Therefore, TPT Global Tech's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 13,179.66%.
The historical rank and industry rank for TPT Global Tech's Return-on-Tangible-Asset or its related term are showing as below:
TPTW's Return-on-Tangible-Asset is not ranked *
in the Hardware industry.
Industry Median: 2.43 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
TPT Global Tech (OTCPK:TPTW) 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.
TPT Global Tech Return-on-Tangible-Asset Related Terms
TPT Global Tech Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TPT Global Tech'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.
TPTW vs BDRL, MLRT, ELST: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, TPT Global Tech'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.
TPT Global Tech Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, TPT Global Tech's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TPT Global Tech'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. 2024) net income data.
What does a Return-on-Tangible-Asset of 13,179.66% mean?
TPT Global Tech (TPTW) has a Return-on-Tangible-Asset of 13,179.66% as of Sep. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TPT Global Tech and its competitors.
Is TPT Global Tech's Return-on-Tangible-Asset too high?
TPT Global Tech's current Return-on-Tangible-Asset is 13,179.66%. The Hardware industry median Return-on-Tangible-Asset is 2.43. TPT Global Tech's value of 13,179.66% is 542272.8% above this industry median.
How does TPT Global Tech's Return-on-Tangible-Asset compare to BDRL and MLRT?
TPT Global Tech's Return-on-Tangible-Asset of 13,179.66% can be compared against companies in the Hardware industry. The industry median Return-on-Tangible-Asset is 2.43. TPT Global Tech's value of 13,179.66% is 542272.8% 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.43, based on 2,505 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. TPT Global Tech's current Return-on-Tangible-Asset of 13,179.66% is 542272.8% 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 TPT Global Tech and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPT Global Tech's current Return-on-Tangible-Asset is 13,179.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPT Global Tech stock overvalued right now?
TPT Global Tech (TPTW) has a current Return-on-Tangible-Asset of 13,179.66%. The current Return-on-Tangible-Asset is 13,179.66% and 542272.8% above the Hardware industry median of 2.43. 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 TPT Global Tech (TPTW), the current Return-on-Tangible-Asset is 13,179.66% as of Sep. 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.
TPT Global Tech Inc is engaged in the business of distribution of cell phones and telecommunications equipment. The company's operating segment includes TPT SpeedConnect; Blue Collar, and TPT MedTech and QuikLABS. It generates maximum revenue from the TPT SpeedConnect segment. The company offers offer Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over private IP MPLS fiber and wireless network in the United States. It also operates as a Master distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO).
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