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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. 22nd Century Group's annualized Net Income for the quarter that ended in Mar. 2024 was $-22.96 Mil. 22nd Century Group's average total tangible assets for the quarter that ended in Mar. 2024 was $20.19 Mil. Therefore, 22nd Century Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -113.71%.
The historical rank and industry rank for 22nd Century Group's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, 22nd Century Group's highest Return-on-Tangible-Asset was -11.39%. The lowest was -266.96%. And the median was -63.32%.
The historical data trend for 22nd Century 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.
22nd Century Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -41.49 | -37.93 | -58.48 | -68.16 | -218.23 |
22nd Century Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -80.79 | -115.16 | -456.68 | -297.52 | -113.71 |
For the Tobacco subindustry, 22nd Century 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.
For the Tobacco Products industry and Consumer Defensive sector, 22nd Century Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where 22nd Century Group's Return-on-Tangible-Asset falls into.
22nd Century Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -140.775 | / | ( (107.439 | + | 21.579) | / 2 ) | |
= | -140.775 | / | 64.509 | ||||
= | -218.23 % |
22nd Century Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -22.956 | / | ( (21.579 | + | 18.796) | / 2 ) | |
= | -22.956 | / | 20.1875 | ||||
= | -113.71 % |
* 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.
22nd Century Group (NAS:XXII) 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 22nd Century Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew Arno | director | C/O MERRIMAN CURHAN FORD GROUP, INC., 600 CALIFORNIA STREET, 9TH FLOOR, SAN FRANCISCO CA 94108 |
James A Mish | director, officer: Chief Executive Officer | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
John Franzino | officer: Chief Administrative Officer | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Peter Ferola | officer: Chief Legal Officer | BIOTELEMETRY, INC., 1000 CEDAR HOLLOW ROAD, #102, MALVERN PA 19355 |
John J Miller | officer: President, Tobacco | 500 SENECA STREET, SUITE 507, BUFFALO NY 14204 |
Lucille S Salhany | director | C/O HEWLETT-PACKARD CO, 3000 HANOVER STREET, PALO ALTO CA 94304 |
Michael Zercher | officer: Chief Operating Officer | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Robert Hugh Kinsman | officer: Chief Financial Officer | 500 SENECA STREET, SUITE 507, BUFFALO NY 14204 |
Clifford B Fleet | director | 6601 WEST BROAD STREET, RICHMOND VA 23230 |
Richard F Fitzgerald | officer: Chief Financial Officer | C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473 |
Anthony L. Johnson | director | C/O 22ND CENTURY GROUP, INC., 500 SENECA STREET, SUITE 507, BUFFALO NY 14204 |
Richard M. Sanders | director | 1119 PIEDRA RONDO, SANTA FE NM 87501 |
Roger D O'brien | director | C/O 22ND CENTURY GROUP, INC., 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Michael Koganov | director | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Nora B Sullivan | director | C/O RAND CAPITAL CORP, 2200 RAND BLDG, BUFFALO NY 14203 |
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