Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Bluescape Opportunities Acquisition's annualized net income for the quarter that ended in Mar. 2023 was $1.12 Mil. Bluescape Opportunities Acquisition's average shareholder tangible equity for the quarter that ended in Mar. 2023 was $46.51 Mil. Therefore, Bluescape Opportunities Acquisition's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2023 was 2.40%.
The historical rank and industry rank for Bluescape Opportunities Acquisition's Return-on-Tangible-Equity or its related term are showing as below:
BOAC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.12 Med: 10.28 Max: 10.89
Current: 4.12
During the past 3 years, Bluescape Opportunities Acquisition's highest Return-on-Tangible-Equity was 10.89%. The lowest was 4.12%. And the median was 10.28%.
BOAC's Return-on-Tangible-Equity is ranked better than 84.23% of 723
companies
in the Diversified Financial Services industry
Industry Median: 1.13
vs BOAC: 4.12
Bluescape Opportunities Acquisition Return-on-Tangible-Equity Historical Data
The historical data trend for Bluescape Opportunities Acquisition's Return-on-Tangible-Equity 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.
Bluescape Opportunities Acquisition Annual Data
Trend
Dec20
Dec21
Dec22
Return-on-Tangible-Equity
-
9.67
10.89
Bluescape Opportunities Acquisition Quarterly Data
Jul20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Return-on-Tangible-Equity
15.76
4.29
6.85
-9.80
2.40
Competitive Comparison
For the Shell Companies subindustry, Bluescape Opportunities Acquisition's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Bluescape Opportunities Acquisition Return-on-Tangible-Equity Distribution
For the Diversified Financial Services industry and Financial Services sector, Bluescape Opportunities Acquisition's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bluescape Opportunities Acquisition's Return-on-Tangible-Equity falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Equity's extreme value range as defined by GuruFocus.
* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Bluescape Opportunities Acquisition Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Bluescape Opportunities Acquisition's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Bluescape Opportunities Acquisition (NYSE:BOAC) Business Description
Bluescape Opportunities Acquisition Corp is a special purpose acquisition company focused on essential assets and is formed to enter into a merger, amalgamation, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
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