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Arlington Asset Investment (Arlington Asset Investment) Return-on-Tangible-Asset : -3.14% (As of Sep. 2023)


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What is Arlington Asset Investment Return-on-Tangible-Asset?

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. Arlington Asset Investment's annualized Net Income for the quarter that ended in Sep. 2023 was $-26.45 Mil. Arlington Asset Investment's average total tangible assets for the quarter that ended in Sep. 2023 was $842.36 Mil. Therefore, Arlington Asset Investment's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was -3.14%.

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

AAICpC.PFD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.6   Med: -0.35   Max: 2.48
Current: 0.05

During the past 13 years, Arlington Asset Investment's highest Return-on-Tangible-Asset was 2.48%. The lowest was -2.60%. And the median was -0.35%.

AAICpC.PFD's Return-on-Tangible-Asset is not ranked
in the REITs industry.
Industry Median: 2.37 vs AAICpC.PFD: 0.05

Arlington Asset Investment Return-on-Tangible-Asset Historical Data

The historical data trend for Arlington Asset Investment'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.

Arlington Asset Investment Return-on-Tangible-Asset Chart

Arlington Asset Investment Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.22 0.34 -2.60 -0.94 0.60

Arlington Asset Investment Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.27 1.69 -0.98 2.40 -3.14

Competitive Comparison of Arlington Asset Investment's Return-on-Tangible-Asset

For the REIT - Mortgage subindustry, Arlington Asset Investment'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.


Arlington Asset Investment's Return-on-Tangible-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Arlington Asset Investment's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Arlington Asset Investment's Return-on-Tangible-Asset falls into.



Arlington Asset Investment Return-on-Tangible-Asset Calculation

Arlington Asset Investment's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=5.426/( (803.036+1002.318)/ 2 )
=5.426/902.677
=0.60 %

Arlington Asset Investment's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=-26.452/( (817.47+867.258)/ 2 )
=-26.452/842.364
=-3.14 %

* 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 (Sep. 2023) net income data.


Arlington Asset Investment  (NYSE:AAICpC.PFD) 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.


Arlington Asset Investment Return-on-Tangible-Asset Related Terms

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Arlington Asset Investment (Arlington Asset Investment) Business Description

Traded in Other Exchanges
N/A
Address
6862 Elm Street, Suite 320, McLean, VA, USA, 22101
Arlington Asset Investment Corp is a U.S. based principal investment company. The company holds a leveraged MBS investment portfolio, including Agency MBS, private-label MBS, private-label interest-only MBS, and net long TBA positions, with Agency MBS accounting for the majority of total investment capital. Agency MBS consists of residential mortgage pass-through certificates, for which the U.S. government agency and government-sponsored enterprise guarantee the principal and interest payments. The company generates the majority of its total interest income from Agency MBS. The company focuses its business in the United States.