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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. PLAYSTUDIOS's annualized Net Income for the quarter that ended in Dec. 2023 was $-79.5 Mil. PLAYSTUDIOS's average total tangible assets for the quarter that ended in Dec. 2023 was $215.6 Mil. Therefore, PLAYSTUDIOS's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -36.86%.
The historical rank and industry rank for PLAYSTUDIOS's Return-on-Tangible-Asset or its related term are showing as below:
During the past 5 years, PLAYSTUDIOS's highest Return-on-Tangible-Asset was 14.39%. The lowest was -8.90%. And the median was -0.58%.
The historical data trend for PLAYSTUDIOS'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.
PLAYSTUDIOS Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Return-on-Tangible-Asset | - | 14.39 | 6.02 | -7.18 | -8.90 |
PLAYSTUDIOS Quarterly Data | ||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -2.70 | -4.54 | -1.36 | 6.85 | -36.86 |
For the Electronic Gaming & Multimedia subindustry, PLAYSTUDIOS'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 Interactive Media industry and Communication Services sector, PLAYSTUDIOS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PLAYSTUDIOS's Return-on-Tangible-Asset falls into.
PLAYSTUDIOS's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -19.393 | / | ( (227.645 | + | 208.255) | / 2 ) | |
= | -19.393 | / | 217.95 | ||||
= | -8.90 % |
PLAYSTUDIOS's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -79.456 | / | ( (222.849 | + | 208.255) | / 2 ) | |
= | -79.456 | / | 215.552 | ||||
= | -36.86 % |
* 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. 2023) net income data.
PLAYSTUDIOS (NAS:MYPS) 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 PLAYSTUDIOS's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Joel Agena | officer: Vice President, Legal Counsel | C/O PLAYSTUDIOS, INC., 10150 COVINGTON CROSS DRIVE, LAS VEGAS NV 89144 |
Scott Edward Peterson | officer: Chief Financial Officer | C/O PLAYSTUDIOS, INC., 10150 COVINGTON CROSS DRIVE, LAS VEGAS NV 89144 |
Andrew S Pascal | director, 10 percent owner, officer: Chairman and CEO | C/O PLAYSTUDIOS, INC., 10150 COVINGTON CROSS DRIVE, LAS VEGAS NV 89144 |
Jason Krikorian | director | C/O AUGMEDIX, INC., 1161 MISSION STREET, SUITE LL, SAN FRANCISCO CA 94103 |
Judy K Mencher | director | C/O PLAYSTUDIOS, INC., 10150 COVINGTON CROSS DRIVE, LAS VEGAS NV 89144 |
Steven J Zanella | director | 3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109 |
James Murren | director | 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109 |
Hyman Joseph Horowitz | director | C/O PLAYSTUDIOS, INC., 10150 COVINGTON CROSS DRIVE, LAS VEGAS NV 89144 |
Activision Publishing, Inc. | 10 percent owner | 3100 OCEAN PARK BOULEVARD, SANTA MONICA CA 90405 |
Activision Entertainment Holdings, Inc. | 10 percent owner | 3100 OCEAN PARK BOULEVARD, SANTA MONICA CA 90405 |
Activision Blizzard, Inc. | 10 percent owner | 2701 OLYMPIC BOULEVARD, BUILDING B, SANTA MONICA CA 90404 |
Resorts International Mgm | 10 percent owner | 3600 LAS VEGAS BLVD S., LAS VEGAS NV 89109 |
William Hornbuckle | director | 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109 |
Andrew E Zobler | director | LAZARD FRERES REAL ESTATE INVESTORS LLC, 30 ROCKEFELLER PLZA 50TH FL, NEW YORK NY 10020 |
Acies Acquisition Llc | 10 percent owner | 1219 MORNINGSIDE DRIVE SUITE 110, MANHATTAN BEACH CA 90266 |
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