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Aerodrome Group (XTAE:ARDM) Return-on-Tangible-Asset : -122.72% (As of Dec. 2024)


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What is Aerodrome Group 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. Aerodrome Group's annualized Net Income for the quarter that ended in Dec. 2024 was ₪-34.22 Mil. Aerodrome Group's average total tangible assets for the quarter that ended in Dec. 2024 was ₪27.88 Mil. Therefore, Aerodrome Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -122.72%.

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

XTAE:ARDM' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -123.83   Med: -43.91   Max: -1.56
Current: -76.02

During the past 12 years, Aerodrome Group's highest Return-on-Tangible-Asset was -1.56%. The lowest was -123.83%. And the median was -43.91%.

XTAE:ARDM's Return-on-Tangible-Asset is ranked worse than
96.64% of 268 companies
in the Education industry
Industry Median: 4.02 vs XTAE:ARDM: -76.02

Aerodrome Group Return-on-Tangible-Asset Historical Data

The historical data trend for Aerodrome Group'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.

Aerodrome Group Return-on-Tangible-Asset Chart

Aerodrome Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -118.18 -30.84 -27.45 -1.56 -76.71

Aerodrome Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 -40.68 -10.42 7.40 -35.15 -122.72

Competitive Comparison of Aerodrome Group's Return-on-Tangible-Asset

For the Education & Training Services subindustry, Aerodrome Group'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.


Aerodrome Group's Return-on-Tangible-Asset Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Aerodrome Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Aerodrome Group's Return-on-Tangible-Asset falls into.


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Aerodrome Group Return-on-Tangible-Asset Calculation

Aerodrome Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=-22.798/( (34.204+25.236)/ 2 )
=-22.798/29.72
=-76.71 %

Aerodrome Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=-34.218/( (30.531+25.236)/ 2 )
=-34.218/27.8835
=-122.72 %

* 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 two times the semi-annual (Dec. 2024) net income data.


Aerodrome Group  (XTAE:ARDM) 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.


Aerodrome Group Return-on-Tangible-Asset Related Terms

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Aerodrome Group Business Description

Traded in Other Exchanges
N/A
Address
10th Amal Street, Afek Industrial Park, Rosh Haayin, ISR, 94158
Aerodrome Group Ltd is a provider of UAS services and solutions. Its UAS operations include UAS Piloting, UAS External Pilot Training, UAS Pilot In Command (PIC) Training, UAS Payload Operator Training, Advanced Mission Training. The company provides four different courses running in parallel; PIC training, O-Level training, external pilot training, and payload operator training. It provides a full envelope of services for defense industries and organizations that wish to use unmanned systems.

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