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. Loop Industries's annualizedNet Income for the quarter that ended in Feb. 2024 was €-18.88 Mil. Loop Industries's average total tangible assets for the quarter that ended in Feb. 2024 was €19.57 Mil. Therefore, Loop Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2024 was -96.47%.
The historical rank and industry rank for Loop Industries's Return-on-Tangible-Asset or its related term are showing as below:
FRA:3L9'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -195.25 Med: -89.12 Max: -43.67
Current: -73.53
During the past 13 years, Loop Industries's highest Return-on-Tangible-Asset was -43.67%. The lowest was -195.25%. And the median was -89.12%.
FRA:3L9's Return-on-Tangible-Asset is ranked worse than 97.95% of 1561
companies
in the Chemicals industry
Industry Median: 3.1
vs FRA:3L9: -73.53
Loop Industries Return-on-Tangible-Asset Historical Data
The historical data trend for Loop Industries'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.
Competitive Comparison of Loop Industries's Return-on-Tangible-Asset
For the Specialty Chemicals subindustry, Loop Industries'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.
Loop Industries's Return-on-Tangible-Asset Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Loop Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Loop Industries's Return-on-Tangible-Asset falls into.
* 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 (Feb. 2024) net income data.
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.
Loop Industries Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Loop Industries's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.
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