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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. Nurix Therapeutics's annualized Net Income for the quarter that ended in Feb. 2024 was $-166.07 Mil. Nurix Therapeutics's average total tangible assets for the quarter that ended in Feb. 2024 was $334.14 Mil. Therefore, Nurix Therapeutics's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2024 was -49.70%.
The historical rank and industry rank for Nurix Therapeutics's Return-on-Tangible-Asset or its related term are showing as below:
During the past 6 years, Nurix Therapeutics's highest Return-on-Tangible-Asset was -19.64%. The lowest was -48.52%. And the median was -32.06%.
The historical data trend for Nurix Therapeutics'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.
Nurix Therapeutics Annual Data | |||||||||||||||
Trend | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -48.52 | -19.64 | -26.85 | -40.37 | -37.27 |
Nurix Therapeutics Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -41.41 | -26.95 | -44.91 | -50.57 | -49.70 |
For the Biotechnology subindustry, Nurix Therapeutics'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, Nurix Therapeutics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nurix Therapeutics's Return-on-Tangible-Asset falls into.
Nurix Therapeutics's annualized Return-on-Tangible-Asset for the fiscal year that ended in Nov. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Nov. 2023 ) | (A: Nov. 2022 ) | (A: Nov. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Nov. 2023 ) | (A: Nov. 2022 ) | (A: Nov. 2023 ) | |||||
= | -143.948 | / | ( (416.759 | + | 355.598) | / 2 ) | |
= | -143.948 | / | 386.1785 | ||||
= | -37.27 % |
Nurix Therapeutics's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Feb. 2024 ) | (Q: Nov. 2023 ) | (Q: Feb. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Feb. 2024 ) | (Q: Nov. 2023 ) | (Q: Feb. 2024 ) | |||||
= | -166.072 | / | ( (355.598 | + | 312.674) | / 2 ) | |
= | -166.072 | / | 334.136 | ||||
= | -49.70 % |
* 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.
Nurix Therapeutics (NAS:NRIX) 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 Nurix Therapeutics's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Houte Hans Van | officer: Chief Financial Officer | C/O NURIX THERAPEUTICS, INC., 1700 OWENS STREET, SUITE 205, SAN FRANCISCO CA 94158 |
Christine Ring | officer: General Counsel | C/O NURIX THERAPEUTICS, INC., 1700 OWENS STREET, SUITE 205, SAN FRANCISCO CA 94158 |
Gwenn Hansen | officer: Chief Scientific Officer | C/O NURIX THERAPEUTICS, INC., 1700 OWENS STREET, SUITE 205, SAN FRANCISCO CA 94158 |
Stefani Wolff | officer: EVP and COO | C/O PRINCIPIA BIOPHARMA INC., 400 EAST JAMIE COURT, SUITE 302, SOUTH SAN FRANCISCO CA 94080 |
Edward C Saltzman | director | C/O NURIX THERAPEUTICS, 1700 OWENS STREET, SUITE 205, SAN FRANCISCO CA 94158 |
Paul M Silva | director | C/O VERTEX PHARMACEUTICALS INCORPORATED, 130 WAVERLY ST, CAMBRIDGE MA 02139 |
Judith A Reinsdorf | director | C. R. BARD, INC., 730 CENTRAL AVENUE, MURRAY HILL NJ 07974 |
Pierre Beaurang | officer: Chief Business Officer | C/O NURIX THERAPEUTICS, INC., 1700 OWENS STREET, SUITE 205, SAN FRANCISCO CA 94158 |
Clay B Siegall | director | 21823 30TH DR SE, BOTHELL WA 98021 |
Ponoi Capital, Lp | 10 percent owner | 1700 OWENS STREET, SUITE 500, SAN FRANCISCO CA 94158 |
Ponoi Ii Management, Llc | 10 percent owner | 1 LETTERMAN DRIVE, BUILDING D, SUITE M-900, SAN FRANCISCO CA 94129 |
Ponoi Capital Ii, Lp | 10 percent owner | 1700 OWENS STREET, STE 500, SAN FRANCISCO CA 94158 |
Column Group Gp, Lp | 10 percent owner | 1700 OWENS STREET, SUITE 500, SAN FRANCISCO CA 94158 |
Column Group L P | 10 percent owner | 1700 OWENS STREET, SUITE 500, SAN FRANCISCO CA 94158 |
Ponoi Management, Llc | 10 percent owner | 1 LETTERMAN DRIVE, BUILDING D, SUITE M-900, SAN FRANCISCO CA 94129 |
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