Morpho (TSE:3653) Return-on-Tangible-Asset : 22.21% (As of Apr. 2024)

Morpho Return-on-Tangible-Asset Chart

Morpho Annual Data
	Trend	Oct14	Oct15	Oct16	Oct17	Oct18	Oct19	Oct20	Oct21	Oct22	Oct23
Return-on-Tangible-Asset		Get a 7-Day Free Trial					6.04	-11.71	-16.13	-15.98	-7.95

Morpho Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Return-on-Tangible-Asset	Get a 7-Day Free Trial															-12.88	-9.24	15.27	-9.55	22.21

Competitive Comparison of Morpho's Return-on-Tangible-Asset

For the Software - Application subindustry, Morpho'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.

Morpho's Return-on-Tangible-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Morpho's Return-on-Tangible-Asset distribution charts can be found below:

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

Morpho Return-on-Tangible-Asset Calculation

Morpho's annualized Return-on-Tangible-Asset for the fiscal year that ended in Oct. 2023 is calculated as:

Morpho's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2024 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 (Apr. 2024) net income data.

Morpho  (TSE:3653) 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.

Morpho Return-on-Tangible-Asset Related Terms

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Morpho Business Description