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Digital World Acquisition Return-on-Tangible-Asset

: -2.56% (As of Mar. 2022)
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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. Digital World Acquisition's annualized Net Income for the quarter that ended in Mar. 2022 was $-7.54 Mil. Digital World Acquisition's average total tangible assets for the quarter that ended in Mar. 2022 was $293.83 Mil. Therefore, Digital World Acquisition's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2022 was -2.56%.

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

DWAC' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.85   Med: -0.47   Max: -0.47
Current: -1.85

During the past 2 years, Digital World Acquisition's highest Return-on-Tangible-Asset was -0.47%. The lowest was -1.85%. And the median was -0.47%.

DWAC's Return-on-Tangible-Asset is ranked worse than
63.62% of 874 companies
in the Diversified Financial Services industry
Industry Median: -0.17 vs DWAC: -1.85

Digital World Acquisition Return-on-Tangible-Asset Historical Data

The historical data trend for Digital World Acquisition'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.

Digital World Acquisition Annual Data
Trend Dec20 Dec21
Return-on-Tangible-Asset
- -0.47

Digital World Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22
Return-on-Tangible-Asset - -3.74 -0.43 -1.66 -2.56

Competitive Comparison

For the Shell Companies subindustry, Digital World Acquisition'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.

   

Digital World Acquisition Return-on-Tangible-Asset Distribution

For the Diversified Financial Services industry and Financial Services sector, Digital World Acquisition's Return-on-Tangible-Asset distribution charts can be found below:

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



Digital World Acquisition Return-on-Tangible-Asset Calculation

Digital World Acquisition's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=-1.384/( (0+293.991)/ 1 )
=-1.384/293.991
=-0.47 %

Digital World Acquisition's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2022 )  (Q: Dec. 2021 )(Q: Mar. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2022 )  (Q: Dec. 2021 )(Q: Mar. 2022 )
=-7.536/( (293.991+293.675)/ 2 )
=-7.536/293.833
=-2.56 %

* 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. 2022) net income data.


Digital World Acquisition  (NAS:DWAC) 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.


Digital World Acquisition Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Digital World Acquisition's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Digital World Acquisition Business Description

Digital World Acquisition logo
Industry
Traded in Other Exchanges
Address
78 SW 7th Street, Miami, FL, USA, 33130
Website
Digital World Acquisition Corp is a blank check company.
Executives
Barclays Plc 10 percent owner 1 CHURCHILL PLACE CANARY WHARF LONDON X0 E14 5HP
Orlando Patrick Francis director, 10 percent owner, officer: CEO and Chairman 212 E 48TH STREET - PHB NEW YORK NY 10017
Shaner Justin director 2000 S BAYSHORE DR UNIT 20 MIAMI FL 33133
Swider Eric director 2000 S BAYSHORE DR UNIT 20 MIAMI FL 33133
Veloso Rodrigo director 78 SW 7TH STREET MIAMI FL 33130
Garelick Bruce J. director 78 SW 7TH STREET MIAMI FL 33130
Montie Jacobson director 78 SW 7TH STREET MIAMI FL 33130
Orleans-braganza Luiz officer: Chief Financial Officer 78 SW 7TH STREET MIAMI FL 33130
Arc Global Investments Ii Llc 10 percent owner 78 SW 7TH STREET MIAMI FL 33130

Digital World Acquisition Headlines

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