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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. Coda Octopus Group's annualized Net Income for the quarter that ended in Jan. 2024 was $2.52 Mil. Coda Octopus Group's average total tangible assets for the quarter that ended in Jan. 2024 was $48.55 Mil. Therefore, Coda Octopus Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 was 5.19%.
The historical rank and industry rank for Coda Octopus Group's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Coda Octopus Group's highest Return-on-Tangible-Asset was 26.57%. The lowest was 4.93%. And the median was 11.64%.
The historical data trend for Coda Octopus 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.
Coda Octopus Group Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 18.65 | 10.26 | 13.02 | 10.15 | 6.86 |
Coda Octopus Group Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 12.46 | 8.60 | 8.73 | -2.67 | 5.19 |
For the Aerospace & Defense subindustry, Coda Octopus 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.
For the Aerospace & Defense industry and Industrials sector, Coda Octopus Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Coda Octopus Group's Return-on-Tangible-Asset falls into.
Coda Octopus Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Oct. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Oct. 2023 ) | (A: Oct. 2022 ) | (A: Oct. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Oct. 2023 ) | (A: Oct. 2022 ) | (A: Oct. 2023 ) | |||||
= | 3.124 | / | ( (43.103 | + | 47.973) | / 2 ) | |
= | 3.124 | / | 45.538 | ||||
= | 6.86 % |
Coda Octopus Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jan. 2024 ) | (Q: Oct. 2023 ) | (Q: Jan. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jan. 2024 ) | (Q: Oct. 2023 ) | (Q: Jan. 2024 ) | |||||
= | 2.52 | / | ( (47.973 | + | 49.135) | / 2 ) | |
= | 2.52 | / | 48.554 | ||||
= | 5.19 % |
* 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 (Jan. 2024) net income data.
Coda Octopus Group (NAS:CODA) 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 Coda Octopus Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Annmarie Gayle | director, officer: Chief Executive Officer | 6526 COTTONWOOD ST,, MURRAY UT 84107 |
Niels Soendergaard | 10 percent owner | 6526 COTTONWOOD ST, MURRAY UT 84107 |
G Tyler Runnels | 10 percent owner | 1999 AVENUE OF THE STARS, STE 2030, LOS ANGELES CA 90067 |
John Steven Emerson | 10 percent owner | 1522 ENSLEY AVENUE, LOS ANGELES CA 90024 |
Anthony Jean Tata | director | 1 WATER CLUB WAY,, PH2104, NORTH PALM BEACH FL 33408 |
Robert Ronald Harcourt | director | 3078 BRINE WAY, THE VILLAGES FL 32163 |
Gayle Michelle Jardine | officer: Interim CFO. | 12 RAVELRIG GAIT,, BALERNO, EDINBURGH X0 EH14 7NH |
Blair Graeme Cunningham | officer: Chief Technology Officer | 164 WEST 25TH STREET, NEW YORK NY 10001 |
Nathan William Parker | officer: Chief Financial Officer. | 14061 S. OLD SADDLE RD, DRAPER UT 84020 |
Kevin James Kane | officer: CEO Coda Octopus Colmek, Inc. | 11864 VISTA GLEN CT, SANDY UT 84092 |
Michael Midgley | officer: Acting Chief Financial Officer | 6526 COTTONWOOD ST,, MURRAY UT 84107 |
Michael J. Hamilton | director | NEWPORT OFFICE CENTER, 111 TOWN SQUARE PLACE, SUITE 1201, JERSEY CITY NJ 07310 |
Bryan Ezralow | 10 percent owner | THE EZRALOW CO, LLC, 23622 CALABASAS ROAD, SUITE 200, CALABASAS CA 91302-1549 |
Mary Losty | director | 613 LOCUST ST, CAMBRIDGE MD 21613 |
Joseph Charles Plumb | director | 3917, FAIRBREEZE CIR, WESTLAKE VLG CA 91361 |
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