What is Everybody Loves Languages 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. Everybody Loves Languages's annualizedNet Income for the quarter that ended in Sep. 2021 was C$-1.13 Mil. Everybody Loves Languages's average total tangible assets for the quarter that ended in Sep. 2021 was C$2.47 Mil. Therefore, Everybody Loves Languages's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2021 was -45.70%.
The historical rank and industry rank for Everybody Loves Languages's Return-on-Tangible-Asset or its related term are showing as below:
TSXV:ELL's Return-on-Tangible-Asset is not ranked *
in the Education industry.
Industry Median: 2.89 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Everybody Loves Languages Return-on-Tangible-Asset Historical Data
The historical data trend for Everybody Loves Languages'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.
Everybody Loves Languages Return-on-Tangible-Asset Chart
Competitive Comparison of Everybody Loves Languages's Return-on-Tangible-Asset
For the Education & Training Services subindustry, Everybody Loves Languages'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.
Everybody Loves Languages's Return-on-Tangible-Asset Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Everybody Loves Languages's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Everybody Loves Languages's Return-on-Tangible-Asset falls into.
Everybody Loves Languages Return-on-Tangible-Asset Calculation
Everybody Loves Languages's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2020 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 (Sep. 2021) net income data.
Everybody Loves Languages (TSXV:ELL) 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.
Everybody Loves Languages Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Everybody Loves Languages's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Everybody Loves Languages (TSXV:ELL) Business Description
Everybody Loves Languages Corp is an Ed-tech language-learning and content development company empowering language educators to easily transition from traditional teaching methods to digital learning by integrating education, edutainment, and technology. It has two business segments; The license of intellectual property: Lingo Learning is a content-based publisher of English language learning textbook programs in China. It earns royalties from Licensing Sales compared to Finished Product Sales, and Online and Offline Language Learning; a web-based educational technology language learning, training, and assessment company. The Company provides the right to access to hosted software over a contract term without the customer taking possession of the software.
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