What is Theralase Technologies 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. Theralase Technologies's annualizedNet Income for the quarter that ended in Dec. 2024 was C$-3.67 Mil. Theralase Technologies's average total tangible assets for the quarter that ended in Dec. 2024 was C$3.23 Mil. Therefore, Theralase Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -113.53%.
The historical rank and industry rank for Theralase Technologies's Return-on-Tangible-Asset or its related term are showing as below:
TSXV:TLT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -130.47 Med: -97.57 Max: -43.94
Current: -129.97
During the past 13 years, Theralase Technologies's highest Return-on-Tangible-Asset was -43.94%. The lowest was -130.47%. And the median was -97.57%.
TSXV:TLT's Return-on-Tangible-Asset is ranked worse than 91.16% of 871
companies
in the Medical Devices & Instruments industry
Industry Median: -1.22
vs TSXV:TLT: -129.97
Theralase Technologies Return-on-Tangible-Asset Historical Data
The historical data trend for Theralase Technologies'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.
Competitive Comparison of Theralase Technologies's Return-on-Tangible-Asset
For the Medical Devices subindustry, Theralase Technologies'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.
Theralase Technologies's Return-on-Tangible-Asset Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Theralase Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Theralase Technologies's Return-on-Tangible-Asset falls into.
* 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 (Dec. 2024) net income data.
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.
Theralase Technologies Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Theralase Technologies's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Theralase Technologies Inc brings CLT to patients and personalized ACT to patients based on individual tissue characteristics. It is two separate reportable operating divisions; the Drug Division and the Device Division. The Drug Division develops patented, and patent pending drugs, called Photo Dynamic Compounds (PDCs), and activates them with proprietary and patent-pending laser technology to destroy specifically targeted cancers, bacteria and viruses. The Device Division designs develops, manufactures, and markets proprietary super-pulsed laser technology indicated and cleared by Health Canada and the Food and Drug Administration (FDA) for the healing of chronic knee pain. The technology has been used off-label for healing numerous nerve, muscle and joint conditions.
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