What is Pacific Ventures Group 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. Pacific Ventures Group's annualizedNet Income for the quarter that ended in Sep. 2023 was $-4.52 Mil. Pacific Ventures Group's average total tangible assets for the quarter that ended in Sep. 2023 was $3.08 Mil. Therefore, Pacific Ventures Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was -146.62%.
The historical rank and industry rank for Pacific Ventures Group's Return-on-Tangible-Asset or its related term are showing as below:
PACV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1229.17 Med: -200.81 Max: -59.36
Current: -174.45
During the past 13 years, Pacific Ventures Group's highest Return-on-Tangible-Asset was -59.36%. The lowest was -1229.17%. And the median was -200.81%.
PACV's Return-on-Tangible-Asset is ranked worse than 99.68% of 313
companies
in the Retail - Defensive industry
Industry Median: 3.82
vs PACV: -174.45
Pacific Ventures Group Return-on-Tangible-Asset Historical Data
The historical data trend for Pacific Ventures 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.
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Pacific Ventures Group Return-on-Tangible-Asset Chart
Competitive Comparison of Pacific Ventures Group's Return-on-Tangible-Asset
For the Food Distribution subindustry, Pacific Ventures 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.
Pacific Ventures Group's Return-on-Tangible-Asset Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Pacific Ventures Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pacific Ventures Group's Return-on-Tangible-Asset falls into.
Pacific Ventures Group Return-on-Tangible-Asset Calculation
Pacific Ventures Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:
* 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 (Sep. 2023) net income data.
Pacific Ventures Group (OTCPK:PACV) 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.
Pacific Ventures Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Pacific Ventures Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Pacific Ventures Group (Pacific Ventures Group) Business Description
Pacific Ventures Group Inc is focused on expansion within the consumer products, food, beverage, and alcohol-related industries. Its customers range from a wide variety of restaurants, including many well-known in Southern CA, to institutions, schools, and re-distributors such as U.S. Foods and Sysco as well as to local distributors. It supplies wholesale food and restaurant supplies to San Diego, Los Angeles, Orange, and Riverside and offers same-day service. In addition, it has clients in Arizona and Colorado that come to its facility to pick up their orders.
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