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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. Visium Technologies's annualized Net Income for the quarter that ended in Mar. 2024 was $-1.91 Mil. Visium Technologies's average total tangible assets for the quarter that ended in Mar. 2024 was $0.04 Mil. Therefore, Visium Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -5,098.67%.
The historical rank and industry rank for Visium Technologies's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Visium Technologies's highest Return-on-Tangible-Asset was 15850.00%. The lowest was -88000.00%. And the median was -6293.88%.
The historical data trend for Visium 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.
Visium Technologies Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -11,720.00 | -6,293.88 | -3,197.16 | -3,266.67 | -4,504.76 |
Visium Technologies Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -4,504.62 | -8,854.05 | -4,759.60 | -7,105.88 | -5,098.67 |
For the Software - Infrastructure subindustry, Visium 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.
For the Software industry and Technology sector, Visium Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Visium Technologies's Return-on-Tangible-Asset falls into.
Visium Technologies's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Jun. 2023 ) | (A: Jun. 2022 ) | (A: Jun. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Jun. 2023 ) | (A: Jun. 2022 ) | (A: Jun. 2023 ) | |||||
= | -3.311 | / | ( (0.137 | + | 0.01) | / 2 ) | |
= | -3.311 | / | 0.0735 | ||||
= | -4,504.76 % |
Visium Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -1.912 | / | ( (0.047 | + | 0.028) | / 2 ) | |
= | -1.912 | / | 0.0375 | ||||
= | -5,098.67 % |
* 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 (Mar. 2024) net income data.
Visium Technologies (OTCPK:VISM) 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.
Thank you for viewing the detailed overview of Visium Technologies's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Adote Solomon Nii Akwei | director | 623 RAVENGLASS DRIVE, BASEMENT, TOWNSEND DE 19734 |
Wayne Harrison Monk | director | 1220 CLUB COVE DR, GREENSBORO GA 30642 |
Thomas Michael Grbelja | director, 10 percent owner | 151 BIRCH ROAD, FRANKLIN LAKES NJ 07417 |
Mark Burdon Lucky | officer: CFO | 22900 SHAW ROAD, SUITE 111, STERLING VA 20166 |
Henry Jameson Holcombe | officer: CEO | 3513 BROADRUN DR, FAIRFAX VA 22033 |
Paul Anthony Favata | director | 110 18TH AVENUE SOUTH, SAINT PETERSBURG FL 33705 |
Sterling Kevin Yates | officer: CEO | 1201 MAIN ST., SUITE 1980, COLUMBIA SC 29201 |
Frank Phillip Reilly | director | 1415 SUNSET HARBOUR DRIVE, APT 406, MIAMI BEACH FL 33139 |
David S Brooks | director | 7 THACKERAY PLACE, DURHAM NC 27707 |
Richard Hersh | director, officer: Chief Executive Officer | 903 CLINT MOORE ROAD, BOCA RATON FL 33487 |
Brett L Kublin | director | 7311 NORTHEAST 1ST PLACE, MIAMI FL 33138 |
Michael J Darden | director, officer: President | 903 CLINT MOORE ROAD, BOCA RATON FL 33487 |
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