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

: 8.18% (As of Jun. 2022)

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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. Vy Global Growth's annualized net income for the quarter that ended in Jun. 2022 was $44.61 Mil. Vy Global Growth's average shareholder tangible equity for the quarter that ended in Jun. 2022 was $545.61 Mil. Therefore, Vy Global Growth's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2022 was 8.18%.

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

VYGG' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.53 Med: 3.53 Max: 6.38
Current: 6.38

During the past 2 years, Vy Global Growth's highest Return-on-Tangible-Equity was 6.38%. The lowest was 3.53%. And the median was 3.53%.

VYGG's Return-on-Tangible-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.13 vs VYGG: 6.38

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

The historical data trend for Vy Global Growth'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.

Vy Global Growth Annual Data

Trend

Dec20

Dec21

Return-on-Tangible-Equity

3.53

Vy Global Growth Quarterly Data
	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Return-on-Tangible-Equity			4.49	7.38	3.00	6.91	8.18

Competitive Comparison

For the Shell Companies subindustry, Vy Global Growth'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.

Annual Data Quarterly Data

Vy Global Growth Return-on-Tangible-Equity Distribution

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

* The bar in red indicates where Vy Global Growth'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.

Vy Global Growth Return-on-Tangible-Equity Calculation

Vy Global Growth's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2021 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	18.433	/	( (512.356	+	530.789 )	/ 2 )
	=	18.433	/	521.5725
	=	3.53 %

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

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	44.608	/	( (540.035	+	551.186)	/ 2 )
	=	44.608	/	545.6105
	=	8.18 %

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 (Jun. 2022) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

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

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.

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

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

Vy Global Growth (NYSE:VYGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Vy Global Growth (NYSE:VYGG) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

VYGG.WS:USA VYGG.U:USA

Address

Willow House, Cricket Square, Floor 4, Grand Cayman, CYM, KY1-9010

Website

https://www.vygg.com

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-