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TRUFF (Red Light Holland) Return-on-Tangible-Asset : -14.81% (As of Dec. 2024)


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What is Red Light Holland Return-on-Tangible-Asset?

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. Red Light Holland's annualized Net Income for the quarter that ended in Dec. 2024 was $-2.39 Mil. Red Light Holland's average total tangible assets for the quarter that ended in Dec. 2024 was $16.15 Mil. Therefore, Red Light Holland's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -14.81%.

The historical rank and industry rank for Red Light Holland's Return-on-Tangible-Asset or its related term are showing as below:

TRUFF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -43.69   Med: -17.96   Max: -8.19
Current: -26.79

During the past 6 years, Red Light Holland's highest Return-on-Tangible-Asset was -8.19%. The lowest was -43.69%. And the median was -17.96%.

TRUFF's Return-on-Tangible-Asset is ranked worse than
84.43% of 1021 companies
in the Drug Manufacturers industry
Industry Median: 2.68 vs TRUFF: -26.79

Red Light Holland Return-on-Tangible-Asset Historical Data

The historical data trend for Red Light Holland'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.

* Premium members only.

Red Light Holland Return-on-Tangible-Asset Chart

Red Light Holland Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
Get a 7-Day Free Trial -8.20 -8.72 -43.52 -17.23 -29.37

Red Light Holland Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -18.21 -55.98 -23.85 -9.77 -14.81

Competitive Comparison of Red Light Holland's Return-on-Tangible-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, Red Light Holland'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.


Red Light Holland's Return-on-Tangible-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Red Light Holland's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Red Light Holland's Return-on-Tangible-Asset falls into.


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Red Light Holland Return-on-Tangible-Asset Calculation

Red Light Holland's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=-5.635/( (20.821+17.546)/ 2 )
=-5.635/19.1835
=-29.37 %

Red Light Holland's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=-2.392/( (16.945+15.357)/ 2 )
=-2.392/16.151
=-14.81 %

* 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 (Dec. 2024) net income data.


Red Light Holland  (OTCPK:TRUFF) 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 company’s 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 company’s 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.


Red Light Holland Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Red Light Holland's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Red Light Holland Business Description

Traded in Other Exchanges
Address
1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9
Red Light Holland Corp is engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, and a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands. Its products include Microdosing Kit and Merch. Its revenue is comprised of sales of wholesale truffles, cannabis seeds, and other cannabis products and sales of microdose packs.