OOOOO Entertainment Commerce (TSXV:OOOO.H) Return-on-Tangible-Asset: -22.79% (As of Jul. 2023)

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What is OOOOO Entertainment Commerce Return-on-Tangible-Asset?

OOOOO Entertainment Commerce TSXV:OOOO.H Return-on-Tangible-Asset is -22.79% as of Jul. 2023.

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. OOOOO Entertainment Commerce's annualized Net Income for the quarter that ended in Jul. 2023 was C$-0.48 Mil. OOOOO Entertainment Commerce's average total tangible assets for the quarter that ended in Jul. 2023 was C$2.11 Mil. Therefore, OOOOO Entertainment Commerce's annualized Return-on-Tangible-Asset for the quarter that ended in Jul. 2023 was -22.79%.

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

TSXV:OOOO.H's Return-on-Tangible-Asset is not ranked *
in the Interactive Media industry.
Industry Median: 0.6
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

OOOOO Entertainment Commerce  (TSXV:OOOO.H) 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.


OOOOO Entertainment Commerce Return-on-Tangible-Asset Related Terms


OOOOO Entertainment Commerce Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for OOOOO Entertainment Commerce'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.

OOOOO Entertainment Commerce Return-on-Tangible-Asset Chart

OOOOO Entertainment Commerce Annual Data
Trend Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Oct21 Oct22
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -54.72 4.50 -17.21 -7,665.02 -412.07

OOOOO Entertainment Commerce Quarterly Data
Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23
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 -121.48 -4.24 -91.71 -47.72 -22.79

TSXV:OOOO.H vs GOOGL, META, BIDU: Return-on-Tangible-Asset Comparison

For the Internet Content & Information subindustry, OOOOO Entertainment Commerce'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.


OOOOO Entertainment Commerce Return-on-Tangible-Asset vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, OOOOO Entertainment Commerce's Return-on-Tangible-Asset distribution charts can be found below:

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



OOOOO Entertainment Commerce Return-on-Tangible-Asset Calculation

OOOOO Entertainment Commerce's annualized Return-on-Tangible-Asset for the fiscal year that ended in Oct. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Oct. 2022 )  (A: Oct. 2021 )(A: Oct. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Oct. 2022 )  (A: Oct. 2021 )(A: Oct. 2022 )
=-10.751/( (0+2.609)/ 1 )
=-10.751/2.609
=-412.07 %

OOOOO Entertainment Commerce's annualized Return-on-Tangible-Asset for the quarter that ended in Jul. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jul. 2023 )  (Q: Apr. 2023 )(Q: Jul. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jul. 2023 )  (Q: Apr. 2023 )(Q: Jul. 2023 )
=-0.48/( (2.17+2.043)/ 2 )
=-0.48/2.1065
=-22.79 %

* 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 (Jul. 2023) net income data.

What does a Return-on-Tangible-Asset of -22.79% mean?
OOOOO Entertainment Commerce (TSXV:OOOO.H) has a Return-on-Tangible-Asset of -22.79% as of Jul. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on OOOOO Entertainment Commerce and its competitors.
Is OOOOO Entertainment Commerce's Return-on-Tangible-Asset too high?
OOOOO Entertainment Commerce's current Return-on-Tangible-Asset is -22.79%.
How does OOOOO Entertainment Commerce's Return-on-Tangible-Asset compare to GOOGL and META?
OOOOO Entertainment Commerce's Return-on-Tangible-Asset of -22.79% can be compared against companies in the Interactive Media industry. The industry median Return-on-Tangible-Asset is 0.60. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Interactive Media company?
The median Return-on-Tangible-Asset among Interactive Media companies is 0.60, based on 566 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on OOOOO Entertainment Commerce and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OOOOO Entertainment Commerce's current Return-on-Tangible-Asset is -22.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OOOOO Entertainment Commerce stock overvalued right now?
OOOOO Entertainment Commerce (TSXV:OOOO.H) has a current Return-on-Tangible-Asset of -22.79%. The current Return-on-Tangible-Asset is -22.79%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For OOOOO Entertainment Commerce (TSXV:OOOO.H), the current Return-on-Tangible-Asset is -22.79% as of Jul. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

OOOOO Entertainment Commerce Business Description

Address C/O 1000 - 925 West Georgia Street, Vancouver, BC, CAN, V6C 3L2
OOOOO Entertainment Commerce Ltd operates a technology platform that enables retailers, brands, and entrepreneurs to share product-based opinions directly to consumers through live, interactive, shoppable videos. The platform also offers gamification and social features which reward the community for helping to grow the user base, reducing the need for traditional ad networks.