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Iconic Labs (LSE:ICON) Return-on-Tangible-Asset : 1,687.50% (As of Dec. 2023)


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What is Iconic Labs 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. Iconic Labs's annualized Net Income for the quarter that ended in Dec. 2023 was £0.54 Mil. Iconic Labs's average total tangible assets for the quarter that ended in Dec. 2023 was £0.03 Mil. Therefore, Iconic Labs's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 1,687.50%.

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

LSE:ICON' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3122.52   Med: -276.26   Max: 9538
Current: -844.59

During the past 9 years, Iconic Labs's highest Return-on-Tangible-Asset was 9538.00%. The lowest was -3122.52%. And the median was -276.26%.

LSE:ICON's Return-on-Tangible-Asset is not ranked
in the Media - Diversified industry.
Industry Median: 1.08 vs LSE:ICON: -844.59

Iconic Labs Return-on-Tangible-Asset Historical Data

The historical data trend for Iconic Labs'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.

Iconic Labs Return-on-Tangible-Asset Chart

Iconic Labs Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Jun20 Jun21 Jun22 Jun23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only -192.20 -292.89 -3,122.52 -494.81 9,538.00

Iconic Labs Semi-Annual Data
Dec13 Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec19 Jun20 Dec20 Jun21 Jun22 Dec22 Jun23 Dec23
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 -1,344.97 - 11,784.95 -1,991.61 1,687.50

Competitive Comparison of Iconic Labs's Return-on-Tangible-Asset

For the Advertising Agencies subindustry, Iconic Labs'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.


Iconic Labs's Return-on-Tangible-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Iconic Labs's Return-on-Tangible-Asset distribution charts can be found below:

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



Iconic Labs Return-on-Tangible-Asset Calculation

Iconic Labs's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=4.769/( (0+0.05)/ 1 )
=4.769/0.05
=9,538.00 %

Iconic Labs'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: Jun. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=0.54/( (0.05+0.014)/ 2 )
=0.54/0.032
=1,687.50 %

* 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. 2023) net income data.


Iconic Labs  (LSE:ICON) 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.


Iconic Labs Return-on-Tangible-Asset Related Terms

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Iconic Labs (LSE:ICON) Business Description

Traded in Other Exchanges
Address
7 Bell Yard, London, GBR, WC2A 2JR
Iconic Labs PLC is a media and technology business focused on the identification, acquisition and growth of technology-driven companies in the online media, artificial intelligence, and big data gathering, processing and analysis sectors. Its asset Gay Star News ("GSN"), an online media platform is dedicated to the LGBTQ+ community that intends to continue developing with strategic partners.