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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. Red Cat Holdings's annualized Net Income for the quarter that ended in Jan. 2024 was $-21.96 Mil. Red Cat Holdings's average total tangible assets for the quarter that ended in Jan. 2024 was $29.17 Mil. Therefore, Red Cat Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 was -75.27%.
The historical rank and industry rank for Red Cat Holdings's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Red Cat Holdings's highest Return-on-Tangible-Asset was 169.39%. The lowest was -2725.93%. And the median was -374.52%.
The historical data trend for Red Cat Holdings'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.
Red Cat Holdings Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Apr20 | Apr21 | Apr22 | Apr23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -522.33 | -548.63 | -1,347.18 | -39.70 | -58.20 |
Red Cat Holdings Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -49.75 | -114.33 | -70.56 | -80.10 | -75.27 |
For the Computer Hardware subindustry, Red Cat Holdings'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 Hardware industry and Technology sector, Red Cat Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Red Cat Holdings's Return-on-Tangible-Asset falls into.
Red Cat Holdings's annualized Return-on-Tangible-Asset for the fiscal year that ended in Apr. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Apr. 2023 ) | (A: Apr. 2022 ) | (A: Apr. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Apr. 2023 ) | (A: Apr. 2022 ) | (A: Apr. 2023 ) | |||||
= | -27.088 | / | ( (57.242 | + | 35.837) | / 2 ) | |
= | -27.088 | / | 46.5395 | ||||
= | -58.20 % |
Red Cat Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jan. 2024 ) | (Q: Oct. 2023 ) | (Q: Jan. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jan. 2024 ) | (Q: Oct. 2023 ) | (Q: Jan. 2024 ) | |||||
= | -21.956 | / | ( (26.706 | + | 31.632) | / 2 ) | |
= | -21.956 | / | 29.169 | ||||
= | -75.27 % |
* 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 (Jan. 2024) net income data.
Red Cat Holdings (NAS:RCAT) 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 Red Cat Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Allan Thomas Evans | officer: CEO of Fat Shark Holdings, Ltd | 1400 VILLAGE SQ BLVD, UNIT #3-80448, TALLAHASSEE FL 32312 |
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Brains Riding In Tanks, Llc | 10 percent owner | 8861 DAY AVE SW, NAVARRE OH 44662 |
Joseph P Hernon | officer: CFO, Secretary and Treasurer | 1607 PONCE DE LEON AVENUE, SUITE 407, SAN JUAN PR 00909 |
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John M. Wise | director, 10 percent owner, officer: President | 7690 E. CAMELBACK ROAD, SUITE 511, SCOTTSDALE AZ 85251 |
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