ONYX has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
ONYX has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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. Onyx Acquisition Co I's annualized Net Income for the quarter that ended in Mar. 2024 was $-0.92 Mil. Onyx Acquisition Co I's average total tangible assets for the quarter that ended in Mar. 2024 was $18.72 Mil. Therefore, Onyx Acquisition Co I's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -4.94%.
The historical rank and industry rank for Onyx Acquisition Co I's Return-on-Tangible-Asset or its related term are showing as below:
During the past 3 years, Onyx Acquisition Co I's highest Return-on-Tangible-Asset was 0.75%. The lowest was -1.01%. And the median was 0.45%.
The historical data trend for Onyx Acquisition Co I'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.
Onyx Acquisition Co I Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Return-on-Tangible-Asset | - | 0.75 | 0.15 |
Onyx Acquisition Co I Quarterly Data | |||||||||||||
Feb21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 0.73 | 1.66 | 1.31 | -6.69 | -4.94 |
For the Shell Companies subindustry, Onyx Acquisition Co I'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 Diversified Financial Services industry and Financial Services sector, Onyx Acquisition Co I's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Onyx Acquisition Co I's Return-on-Tangible-Asset falls into.
Onyx Acquisition Co I'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 ) | |||||
= | 0.218 | / | ( (274.318 | + | 22.456) | / 2 ) | |
= | 0.218 | / | 148.387 | ||||
= | 0.15 % |
Onyx Acquisition Co I'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 ) | |||||
= | -0.924 | / | ( (22.456 | + | 14.987) | / 2 ) | |
= | -0.924 | / | 18.7215 | ||||
= | -4.94 % |
* 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.
Onyx Acquisition Co I (NAS:ONYX) 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 Onyx Acquisition Co I's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Dan Gropper | 10 percent owner | 17 OLD KINGS HIGHWAY SOUTH, SUITE 140, DARIEN CT 06820 |
Carronade Capital Management, Lp | 10 percent owner | 17 OLD KINGS HIGHWAY SOUTH, SUITE 140, DARIEN CT 06820 |
Vr Advisory Services Ltd | 10 percent owner | INTERTRUST CORPORATE SERVICES (CAYMAN), ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005 |
Vr Global Partners, L.p. | 10 percent owner | INTERTRUST CORPORATE SERVICES (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 |
Vr Capital Group Ltd. | 10 percent owner | DUBAI INTERNATIONAL FINANCIAL CENTRE, GATE VILLAGE BLDG. 4, SUITE 402, DUBAI C0 506755 |
Richard Deitz | 10 percent owner | NIDDRY LODGE, 51 HOLLAND STREET, LONDON X0 W8 7JB |
Vr Capital Participation Ltd. | 10 percent owner | C/O INTERTRUST CORPORATE SVCS (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 |
Vr Capital Holdings Ltd. | 10 percent owner | C/O INTERTRUST CORPORATE SVCS (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005 |
Onyx Acquisition Sponsor Co. Llc | 10 percent owner | 104 5TH AVENUE, NEW YORK NY 10011 |
Serena Rakhlin | officer: General Counsel | C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011 |
Michael Zev Stern | director, 10 percent owner, officer: CEO and Chairman | C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011 |
Michael Ryan Lehmann | director | C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011 |
Matthew Vodola | 10 percent owner, officer: Chief Financial Officer | C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011 |
Neto Edmar Prado Lopes | director | C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011 |
Benjamin Lerner | 10 percent owner, officer: President | C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011 |
From GuruFocus
By Stock market mentor Stock market mentor • 01-18-2023
By GlobeNewswire GlobeNewswire • 01-10-2023
By GuruFocus Research • 07-27-2023
By GuruFocusNews GuruFocusNews • 12-09-2021
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.