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AURCU (Aurora Acquisition) Return-on-Tangible-Asset : -14.44% (As of Jun. 2023)


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What is Aurora Acquisition 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. Aurora Acquisition's annualized Net Income for the quarter that ended in Jun. 2023 was $-3.32 Mil. Aurora Acquisition's average total tangible assets for the quarter that ended in Jun. 2023 was $23.02 Mil. Therefore, Aurora Acquisition's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was -14.44%.

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

AURCU' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.67   Med: -0.78   Max: 3.11
Current: 2.79

During the past 3 years, Aurora Acquisition's highest Return-on-Tangible-Asset was 3.11%. The lowest was -4.67%. And the median was -0.78%.

AURCU's Return-on-Tangible-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: -0.55 vs AURCU: 2.79

Aurora Acquisition Return-on-Tangible-Asset Historical Data

The historical data trend for Aurora 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.

Aurora Acquisition Return-on-Tangible-Asset Chart

Aurora Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Return-on-Tangible-Asset
- -4.67 3.11

Aurora Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 2.56 -1.37 9.74 -0.34 -14.44

Competitive Comparison of Aurora Acquisition's Return-on-Tangible-Asset

For the Shell Companies subindustry, Aurora 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.


Aurora Acquisition's Return-on-Tangible-Asset Distribution in the Diversified Financial Services Industry

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

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


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Aurora Acquisition Return-on-Tangible-Asset Calculation

Aurora Acquisition'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 )
=8.736/( (279.09+282.704)/ 2 )
=8.736/280.897
=3.11 %

Aurora Acquisition's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2023 )  (Q: Mar. 2023 )(Q: Jun. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2023 )  (Q: Mar. 2023 )(Q: Jun. 2023 )
=-3.324/( (22.169+23.872)/ 2 )
=-3.324/23.0205
=-14.44 %

* 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. 2023) net income data.


Aurora Acquisition  (NAS:AURCU) 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.


Aurora Acquisition Return-on-Tangible-Asset Related Terms

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Aurora Acquisition Business Description

Traded in Other Exchanges
N/A
Address
20 North Audley Street, London, GBR, W1K 6LX
Aurora Acquisition Corp is a blank check company.
Executives
Caroline Harding director, officer: Chief Financial Officer 452 FIFTH AVENUE, NEW YORK NY 10018
Thor Bjorgolfsson director, 10 percent owner, officer: Chairman 430 PARK AVENUE, 2ND FLOOR, NEW YORK NY 10022
Novator Capital Sponsor Ltd. 10 percent owner 452 5TH AVENUE, NEW YORK NY 10018
Michael Edelstein director 452 5TH AVENUE, NEW YORK NY 10018
Sangeeta Desai director 452 5TH AVENUE, NEW YORK NY 10018
Prabhu Narasimhan officer: CIO and Head of Legal 452 FIFTH AVENUE, NEW YORK NY 10018
Arnaud Massenet officer: Chief Executive Officer 452 FIFTH AVENUE, NEW YORK NY 10018
Shravin Mittal director 452 FIFTH AVENUE, NEW YORK NY 10018