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. Polar Power's annualizedNet Income for the quarter that ended in Mar. 2024 was $-8.57 Mil. Polar Power's average total tangible assets for the quarter that ended in Mar. 2024 was $24.56 Mil. Therefore, Polar Power's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -34.89%.
The historical rank and industry rank for Polar Power's Return-on-Tangible-Asset or its related term are showing as below:
POLA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -52.57 Med: -4.85 Max: 28.03
Current: -28.35
During the past 10 years, Polar Power's highest Return-on-Tangible-Asset was 28.03%. The lowest was -52.57%. And the median was -4.85%.
POLA's Return-on-Tangible-Asset is ranked worse than 94.28% of 3023
companies
in the Industrial Products industry
Industry Median: 3.78
vs POLA: -28.35
Polar Power Return-on-Tangible-Asset Historical Data
The historical data trend for Polar Power'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 Polar Power's Return-on-Tangible-Asset
For the Electrical Equipment & Parts subindustry, Polar Power'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.
Polar Power's Return-on-Tangible-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polar Power's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Polar Power's Return-on-Tangible-Asset falls into.
Polar Power Return-on-Tangible-Asset Calculation
Polar Power's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 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.
Polar Power (NAS:POLA) 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.
Polar Power Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Polar Power's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Polar Power Inc is engaged in designing, manufacture, and sell DC power generators, renewable energy and cooling systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine and industrial. The company's products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery systems, and Marine DC generators. The Companie's geographical presence is in United States, Canada, Mexico, South Pacific Islands, Japan, Europe and Middle East and Other Asia Pacific countries.
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