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Aster Acquisition (TSXV:ATR.P) Return-on-Tangible-Asset : -25.00% (As of Feb. 2025)


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What is Aster Acquisition 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. Aster Acquisition's annualized Net Income for the quarter that ended in Feb. 2025 was C$-0.04 Mil. Aster Acquisition's average total tangible assets for the quarter that ended in Feb. 2025 was C$0.16 Mil. Therefore, Aster Acquisition's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2025 was -25.00%.

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

TSXV:ATR.P' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -46.67   Med: -25.1   Max: -11.11
Current: -27.37

During the past 4 years, Aster Acquisition's highest Return-on-Tangible-Asset was -11.11%. The lowest was -46.67%. And the median was -25.10%.

TSXV:ATR.P's Return-on-Tangible-Asset is ranked worse than
76.22% of 513 companies
in the Diversified Financial Services industry
Industry Median: -0.91 vs TSXV:ATR.P: -27.37

Aster Acquisition Return-on-Tangible-Asset Historical Data

The historical data trend for Aster Acquisition'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.

Aster Acquisition Return-on-Tangible-Asset Chart

Aster Acquisition Annual Data
Trend Nov21 Nov22 Nov23 Nov24
Return-on-Tangible-Asset
-11.11 -46.67 -23.15 -27.04

Aster Acquisition Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 -28.83 -29.47 -13.08 -39.19 -25.00

Competitive Comparison of Aster Acquisition's Return-on-Tangible-Asset

For the Shell Companies subindustry, Aster Acquisition'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.


Aster Acquisition's Return-on-Tangible-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Aster Acquisition's Return-on-Tangible-Asset distribution charts can be found below:

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


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Aster Acquisition Return-on-Tangible-Asset Calculation

Aster Acquisition's annualized Return-on-Tangible-Asset for the fiscal year that ended in Nov. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Nov. 2024 )  (A: Nov. 2023 )(A: Nov. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Nov. 2024 )  (A: Nov. 2023 )(A: Nov. 2024 )
=-0.053/( (0.222+0.17)/ 2 )
=-0.053/0.196
=-27.04 %

Aster Acquisition's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Feb. 2025 )  (Q: Nov. 2024 )(Q: Feb. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Feb. 2025 )  (Q: Nov. 2024 )(Q: Feb. 2025 )
=-0.04/( (0.17+0.15)/ 2 )
=-0.04/0.16
=-25.00 %

* 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 (Feb. 2025) net income data.


Aster Acquisition  (TSXV:ATR.P) 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.


Aster Acquisition Return-on-Tangible-Asset Related Terms

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Aster Acquisition Business Description

Traded in Other Exchanges
N/A
Address
1500- 777 Hornby Street, Vancouver, BC, CAN, V6Z 1S4
Website
Aster Acquisition Corp. is a Canada-based capital pool company (CPC). The Company's principal business is the identification and evaluation of assets, properties or businesses with a view to acquire or participate therein subject, in certain cases, to shareholder approval and acceptance by the TSX-V. The Company plans to search for suitable assets or businesses to acquire or merge with in order to maximize value for shareholders. The Company has no operations and revenues.

Aster Acquisition Headlines

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