One World Universe (One World Universe) Return-on-Tangible-Asset : 21.37% (As of Sep. 2023)

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What is One World Universe 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. One World Universe's annualized Net Income for the quarter that ended in Sep. 2023 was $0.72 Mil. One World Universe's average total tangible assets for the quarter that ended in Sep. 2023 was $3.36 Mil. Therefore, One World Universe's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was 21.37%.

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

OWUV' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0 Med: 0 Max: 21.37
Current: 21.37

During the past 0 years, One World Universe's highest Return-on-Tangible-Asset was 21.37%. The lowest was 0.00%. And the median was 0.00%.

OWUV's Return-on-Tangible-Asset is ranked better than
97.45% of 3022 companies
in the Industrial Products industry
Industry Median: 3.77 vs OWUV: 21.37

One World Universe Return-on-Tangible-Asset Historical Data

The historical data trend for One World Universe'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.

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One World Universe Return-on-Tangible-Asset Chart

One World Universe Annual Data

Trend

Return-on-Tangible-Asset

One World Universe Semi-Annual Data
	Sep22	Sep23
Return-on-Tangible-Asset	-	21.37

Competitive Comparison of One World Universe's Return-on-Tangible-Asset

For the Pollution & Treatment Controls subindustry, One World Universe'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.

One World Universe's Return-on-Tangible-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, One World Universe's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where One World Universe's Return-on-Tangible-Asset falls into.

One World Universe Return-on-Tangible-Asset Calculation

One World Universe's annualized Return-on-Tangible-Asset for the fiscal year that ended in . 20 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

One World Universe's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Sep. 2023 )		(Q: Sep. 2022 )		(Q: Sep. 2023 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Sep. 2023 )		(Q: Sep. 2022 )		(Q: Sep. 2023 )
	=	0.717	/	( (0	+	3.355)	/ 1 )
	=	0.717	/	3.355
	=	21.37 %

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 one times the annual (Sep. 2023) net income data.

One World Universe (OTCPK:OWUV) 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.

One World Universe Return-on-Tangible-Asset Related Terms

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