What is Sun Pacific Holding 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. Sun Pacific Holding's annualizedNet Income for the quarter that ended in Sep. 2023 was $-1.60 Mil. Sun Pacific Holding's average total tangible assets for the quarter that ended in Sep. 2023 was $0.07 Mil. Therefore, Sun Pacific Holding's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was -2,232.17%.
The historical rank and industry rank for Sun Pacific Holding's Return-on-Tangible-Asset or its related term are showing as below:
SNPW'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -584.17 Med: -175.5 Max: 33.86
Current: -358.92
During the past 9 years, Sun Pacific Holding's highest Return-on-Tangible-Asset was 33.86%. The lowest was -584.17%. And the median was -175.50%.
SNPW's Return-on-Tangible-Asset is ranked worse than 98.21% of 1062
companies
in the Media - Diversified industry
Industry Median: 1.015
vs SNPW: -358.92
Sun Pacific Holding Return-on-Tangible-Asset Historical Data
The historical data trend for Sun Pacific Holding'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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Sun Pacific Holding Return-on-Tangible-Asset Chart
Competitive Comparison of Sun Pacific Holding's Return-on-Tangible-Asset
For the Advertising Agencies subindustry, Sun Pacific Holding'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.
Sun Pacific Holding's Return-on-Tangible-Asset Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Sun Pacific Holding's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Sun Pacific Holding's Return-on-Tangible-Asset falls into.
Sun Pacific Holding Return-on-Tangible-Asset Calculation
Sun Pacific Holding'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.
Sun Pacific Holding (OTCPK:SNPW) 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.
Sun Pacific Holding Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Sun Pacific Holding's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Sun Pacific Holding (Sun Pacific Holding) Business Description
Sun Pacific Holding Corp is a green energy company specializing in solar and waste-to-energy technologies. With a focus on deploying its subject matter expertise and experience in green energy solutions, Sun Pacific is building a Company that designs, develops, builds, and manages green technologies that support renewable energy solutions. Sun Pacific operates several subsidiaries including Sun Pacific Power Corp, Street Smart Outdoor Corp, and National Mechanical Corp. The company provides solar bus stops, solar trashcans, and street kiosks that utilize its advertising offerings that provide State and local municipalities with costs efficient solutions.
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