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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. ChromaDex's annualized Net Income for the quarter that ended in Mar. 2024 was $-1.97 Mil. ChromaDex's average total tangible assets for the quarter that ended in Mar. 2024 was $54.03 Mil. Therefore, ChromaDex's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -3.64%.
The historical rank and industry rank for ChromaDex's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, ChromaDex's highest Return-on-Tangible-Asset was -6.61%. The lowest was -80.75%. And the median was -41.13%.
The historical data trend for ChromaDex'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.
ChromaDex Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -80.75 | -52.29 | -57.56 | -29.97 | -9.16 |
ChromaDex 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 | -14.28 | -16.58 | -7.27 | 0.85 | -3.64 |
For the Biotechnology subindustry, ChromaDex'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 Biotechnology industry and Healthcare sector, ChromaDex's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ChromaDex's Return-on-Tangible-Asset falls into.
ChromaDex'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 ) | |||||
= | -4.938 | / | ( (53.386 | + | 54.454) | / 2 ) | |
= | -4.938 | / | 53.92 | ||||
= | -9.16 % |
ChromaDex'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 ) | |||||
= | -1.968 | / | ( (54.454 | + | 53.607) | / 2 ) | |
= | -1.968 | / | 54.0305 | ||||
= | -3.64 % |
* 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.
ChromaDex (NAS:CDXC) 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 ChromaDex's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Brianna Gerber | officer: SVP Finance / Interim CFO | C/O CHROMADEX, INC., 1735 FLIGHT WAY, SUITE 200, TUSTIN CA 92782 |
Champion River Ventures Ltd | 10 percent owner | C/O 7F, CHEUNG KONG CENTER, 2 QUEEN'S ROAD, CENTRAL K3 00000 |
Jaksch Frank L Jr | director, 10 percent owner, officer: Chief Executive Officer | 10005 MUIRLANDS BOULEVARD, SUITE G FIRST FLOOR, IRVINE CA 92618 |
Robert N Fried | director | 100 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210 |
Steven D Rubin | director | OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 33137 |
Li Ka Shing | 10 percent owner | 79 DEEP WATER BAY ROAD, HONG KONG F4 00000 |
Chau Hoi Shuen Solina Holly | 10 percent owner | SUITES PT. 2909 & 2910, HARBOUR CENTRE, 25 HARBOUR ROAD, WANCHAI K3 999077 |
Hamed Shahbazi | director | C/O CHROMADEX, INC., 1735 FLIGHT WAY, SUITE 200, TUSTIN CA 92782 |
Ann Cohen | director | C/O CHROMADEX CORPORATION, 10900 WILSHIRE BLVD. STE 600, LOS ANGELES CA 90024 |
Kristin Patrick | director | 3329 CAY DRIVE, SHERMAN OAKS CA 91423 |
Ng Wang Yu Gary | director | ROOM 1709 HARBOUR CENTER, 25 HARBOUR ROAD, WANCHAI K3 - |
Caroline S Levy | director | 2424 N FEDERAL HIGHWAY, SUITE 208, BOCA RATON FL 33431 |
Stephen A Block | director | INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH ST, NEW YORK NY 10019 |
Lisa Hatton Harrington | officer: General Counsel | 53 SEA TERRACE, NEWPORT COAST CA 92657 |
Kevin M Farr | officer: Chief Financial Officer | MATTEL, INC., 333 CONTINENTAL BLVD, M1-1518, EL SEGUNDO CA 90245 |
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