The historical rank and industry rank for IntelliPharmaCeutics International's Return-on-Tangible-Asset or its related term are showing as below:
TSXV:IPCI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -341.42 Med: -136.07 Max: -64.64
Current: -205.83
During the past 13 years, IntelliPharmaCeutics International's highest Return-on-Tangible-Asset was -64.64%. The lowest was -341.42%. And the median was -136.07%.
TSXV:IPCI's Return-on-Tangible-Asset is ranked worse than 91.56% of 1552
companies
in the Biotechnology industry
Industry Median: -39.47
vs TSXV:IPCI: -205.83
IntelliPharmaCeutics International Return-on-Tangible-Asset Historical Data
* 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.
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IntelliPharmaCeutics International Return-on-Tangible-Asset Chart
Competitive Comparison of IntelliPharmaCeutics International's Return-on-Tangible-Asset
For the Biotechnology subindustry, IntelliPharmaCeutics International'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.
IntelliPharmaCeutics International's Return-on-Tangible-Asset Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, IntelliPharmaCeutics International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where IntelliPharmaCeutics International's Return-on-Tangible-Asset falls into.
IntelliPharmaCeutics International Return-on-Tangible-Asset Calculation
* 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 (Aug. 2023) net income data.
IntelliPharmaCeutics International (TSXV:IPCI) 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.
IntelliPharmaCeutics International Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of IntelliPharmaCeutics International's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
IntelliPharmaCeutics International (TSXV:IPCI) Business Description
IntelliPharmaCeutics International Inc is a pharmaceutical company. The company is engaged in the research, development, and manufacturing of novel and generic controlled-release and targeted-release oral solid dosage drugs. Its patented Hypermatrix technology is a multidimensional controlled-release drug delivery platform that can be applied to the development of a range of existing and new pharmaceuticals. Its ongoing drug development programs are at various stages of development in therapeutic areas that include neurology, cardiovascular, GIT, and pain. The company's product, a generic of Focalin XR, is partnered with Par Pharmaceutical, Inc. and received FDA approval. It derives revenue from the United States.
IntelliPharmaCeutics International (TSXV:IPCI) Headlines
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