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SDM (Smart Digital Group) Return-on-Tangible-Asset : 20.66% (As of Sep. 2024)


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What is Smart Digital Group 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. Smart Digital Group's annualized Net Income for the quarter that ended in Sep. 2024 was $3.05 Mil. Smart Digital Group's average total tangible assets for the quarter that ended in Sep. 2024 was $14.75 Mil. Therefore, Smart Digital Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 20.66%.

The historical rank and industry rank for Smart Digital Group's Return-on-Tangible-Asset or its related term are showing as below:

SDM' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.99   Med: 14.7   Max: 26.4
Current: 12.66

During the past 2 years, Smart Digital Group's highest Return-on-Tangible-Asset was 26.40%. The lowest was 2.99%. And the median was 14.70%.

SDM's Return-on-Tangible-Asset is ranked better than
90.92% of 1046 companies
in the Media - Diversified industry
Industry Median: 0.45 vs SDM: 12.66

Smart Digital Group Return-on-Tangible-Asset Historical Data

The historical data trend for Smart Digital 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.

* Premium members only.

Smart Digital Group Return-on-Tangible-Asset Chart

Smart Digital Group Annual Data
Trend Sep22 Sep23
Return-on-Tangible-Asset
2.99 26.40

Smart Digital Group Semi-Annual Data
Sep22 Mar23 Sep23 Mar24 Sep24
Return-on-Tangible-Asset - 14.28 31.42 2.60 20.66

Competitive Comparison of Smart Digital Group's Return-on-Tangible-Asset

For the Advertising Agencies subindustry, Smart Digital 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.


Smart Digital Group's Return-on-Tangible-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Smart Digital Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Smart Digital Group's Return-on-Tangible-Asset falls into.


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Smart Digital Group Return-on-Tangible-Asset Calculation

Smart Digital Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2023 )  (A: Sep. 2022 )(A: Sep. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2023 )  (A: Sep. 2022 )(A: Sep. 2023 )
=1.993/( (4.412+10.688)/ 2 )
=1.993/7.55
=26.40 %

Smart Digital Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=3.046/( (15.967+13.525)/ 2 )
=3.046/14.746
=20.66 %

* 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 two times the semi-annual (Sep. 2024) net income data.


Smart Digital Group  (NAS:SDM) 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 company’s 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 company’s 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.


Smart Digital Group Return-on-Tangible-Asset Related Terms

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Smart Digital Group Business Description

Traded in Other Exchanges
N/A
Address
150 Beach Road, 805/06 Gateway West, Singapore, SGP, 189720
Smart Digital Group Ltd is a holding company and operates through subsidiaries. It is engaged in event planning and execution services. The company services include (1) event planning and execution services (2) internet media services, (3) software customization and marketing services, and (4) business planning and consulting services. Company generates key revenue from internet media services which include developing marketing strategies, designing marketing content, distributing such marketing content on select internet platforms and other related services.