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Vy Global Growth (NYSE:VYGG) Return-on-Tangible-Asset

: 7.73% (As of Jun. 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. Vy Global Growth's annualized Net Income for the quarter that ended in Jun. 2022 was $44.61 Mil. Vy Global Growth's average total tangible assets for the quarter that ended in Jun. 2022 was $577.34 Mil. Therefore, Vy Global Growth's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 was 7.73%.

The historical rank and industry rank for Vy Global Growth's Return-on-Tangible-Asset or its related term are showing as below:

VYGG' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.2   Med: 3.2   Max: 5.89
Current: 5.89

During the past 2 years, Vy Global Growth's highest Return-on-Tangible-Asset was 5.89%. The lowest was 3.20%. And the median was 3.20%.

VYGG's Return-on-Tangible-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.73 vs VYGG: 5.89

Vy Global Growth Return-on-Tangible-Asset Historical Data

The historical data trend for Vy Global Growth'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.

Vy Global Growth Annual Data
Trend Dec20 Dec21
Return-on-Tangible-Asset
- 3.20

Vy Global Growth Quarterly Data
Aug20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Return-on-Tangible-Asset Premium Member Only Premium Member Only 4.01 6.67 2.75 6.41 7.73

Competitive Comparison

For the Shell Companies subindustry, Vy Global Growth'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.

   

Vy Global Growth Return-on-Tangible-Asset Distribution

For the Diversified Financial Services industry and Financial Services sector, Vy Global Growth's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Vy Global Growth's Return-on-Tangible-Asset falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Asset's extreme value range as defined by GuruFocus.



Vy Global Growth Return-on-Tangible-Asset Calculation

Vy Global Growth'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 )
=18.433/( (576.331+577.145)/ 2 )
=18.433/576.738
=3.20 %

Vy Global Growth's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2022 )  (Q: Mar. 2022 )(Q: Jun. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2022 )  (Q: Mar. 2022 )(Q: Jun. 2022 )
=44.608/( (577.046+577.643)/ 2 )
=44.608/577.3445
=7.73 %

* 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 (Jun. 2022) net income data.


Vy Global Growth  (NYSE:VYGG) 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.


Vy Global Growth Return-on-Tangible-Asset Related Terms

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


Vy Global Growth (NYSE:VYGG) Business Description

Vy Global Growth logo
Traded in Other Exchanges
Address
Willow House, Cricket Square, Floor 4, Grand Cayman, CYM, KY1-9010
Vy Global Growth is a blank check company.
Executives
Javier Olivan director 62 RIDGE VIEW DRIVE, ATHERTON X1 94027
Julia Herendeen director 25 FIRST STREET, 2ND FLOOR, CAMBRIDGE MA 02141
John Hering director, officer: Chief Executive Officer FLOOR 4 WILLOW HOUSE, CRICKET SQ, GRAND CAYMAN E9 KY1-9010
Hugo Barra director FLOOR 4, WILLOW HOUSE, CRICKET SQ, GRAND CAYMAN E9 KY1-9010
Alexander Tamas director, officer: Chairman FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Sujay Jaswa director FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Justin Kan director FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Katja Lake officer: Chief Financial Officer FLOOR 4 WILLOW HOUSE CRICKET SQ, GRAND CAYMAN E9 KY1-9010
Daniel Schwarz officer: Chief Operating Officer FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Vy Global Growth Management Co. 10 percent owner FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Steve Ladd Huffman director FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-901-