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. ReAlpha Tech's annualizedNet Income for the quarter that ended in Mar. 2024 was $-5.68 Mil. ReAlpha Tech's average total tangible assets for the quarter that ended in Mar. 2024 was $4.38 Mil. Therefore, ReAlpha Tech's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -129.52%.
The historical rank and industry rank for ReAlpha Tech's Return-on-Tangible-Asset or its related term are showing as below:
AIRE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -138.47 Med: -138.47 Max: -56.77
Current: -56.77
During the past 2 years, ReAlpha Tech's highest Return-on-Tangible-Asset was -56.77%. The lowest was -138.47%. And the median was -138.47%.
AIRE's Return-on-Tangible-Asset is ranked worse than 98.63% of 1819
companies
in the Real Estate industry
Industry Median: 1.07
vs AIRE: -56.77
ReAlpha Tech Return-on-Tangible-Asset Historical Data
The historical data trend for ReAlpha Tech'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.
Competitive Comparison of ReAlpha Tech's Return-on-Tangible-Asset
For the Real Estate Services subindustry, ReAlpha Tech'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.
ReAlpha Tech's Return-on-Tangible-Asset Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, ReAlpha Tech's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ReAlpha Tech's Return-on-Tangible-Asset falls into.
ReAlpha Tech Return-on-Tangible-Asset Calculation
ReAlpha Tech's annualized Return-on-Tangible-Asset for the fiscal year that ended in Apr. 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 (Mar. 2024) net income data.
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.
ReAlpha Tech Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of ReAlpha Tech's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
ReAlpha Tech Corp is an early-stage company that develops and utilizes its artificial intelligence-focused technology stack to empower retail investor participation in short-term rental properties, which are real estate units listed for a rental term. It offers retail investors the opportunity to participate in short-term rental properties it will acquire by offering interest in each property portfolio. Its revenues primarily consist of short-term rental revenues from the rental of its properties via Airbnb and such digital hospitality platforms. The company has two segments (i) platform services and (ii) rental business. The company generates the majority of its revenue from the Platform services segment.
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