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BACA (Berenson Acquisition I) Return-on-Tangible-Asset : -803.40% (As of Dec. 2023)


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What is Berenson Acquisition I 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. Berenson Acquisition I's annualized Net Income for the quarter that ended in Dec. 2023 was $-91.67 Mil. Berenson Acquisition I's average total tangible assets for the quarter that ended in Dec. 2023 was $11.41 Mil. Therefore, Berenson Acquisition I's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -803.40%.

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

BACA's Return-on-Tangible-Asset is not ranked *
in the Diversified Financial Services industry.
Industry Median: -0.59
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Berenson Acquisition I Return-on-Tangible-Asset Historical Data

The historical data trend for Berenson Acquisition I'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.

Berenson Acquisition I Return-on-Tangible-Asset Chart

Berenson Acquisition I Annual Data
Trend Dec21 Dec22 Dec23
Return-on-Tangible-Asset
- 3.93 -14.32

Berenson Acquisition I Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 2.29 6.33 -1.58 -4.54 -803.40

Competitive Comparison of Berenson Acquisition I's Return-on-Tangible-Asset

For the Shell Companies subindustry, Berenson Acquisition I'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.


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

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

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


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Berenson Acquisition I Return-on-Tangible-Asset Calculation

Berenson Acquisition I's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=-20.814/( (279.196+11.415)/ 2 )
=-20.814/145.3055
=-14.32 %

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=-91.668/( (11.405+11.415)/ 2 )
=-91.668/11.41
=-803.40 %

* 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 (Dec. 2023) net income data.


Berenson Acquisition I  (AMEX:BACA) 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.


Berenson Acquisition I Return-on-Tangible-Asset Related Terms

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Berenson Acquisition I Business Description

Traded in Other Exchanges
N/A
Address
667 Madison Avenue, 18th Floor, New York, NY, USA, 10065
Berenson Acquisition Corp I is a newly incorporated blank check company.
Executives
Carl Ferenbach director CROWN CASTLE INTERNATIONAL CORP, 510 BERING DR STE 500, HOUSTON TX 77057
Jeffrey L Berenson director C/O EPOCH HOLDING CORPORATION, 640 FIFTH AVENUE, NEW YORK, NY 10019
Kaumudi Kay Kapoor director 9814 POTOMAC MANORS DRIVE, POTOMAC MD 20854
David Panton director C/O D AND Z MEDIA ACQUISITION CORP., 2870 PEACHTREE ROAD NW, SUITE 509, ATLANTA GA 30305
Ronald Kasner director 667 MADISON AVENUE, 18TH FLOOR, C/O BERENSON ACQUISITION CORP. I, NEW YORK NY 10065
Amir M. Hegazy officer: Chief Financial Officer 667 MADISON AVENUE, 18TH FLOOR, C/O BERENSON ACQUISITION CORP. I, NEW YORK NY 10065
Gal Munda director 667 MADISON AVENUE, 18TH FLOOR, C/O BERENSON ACQUISITION CORP. I, NEW YORK NY 10065
Mohammed M. Ansari director, officer: Chief Executive Officer 667 MADISON AVENUE, 18TH FLOOR, C/O BERENSON ACQUISITION CORP. I, NEW YORK NY 10065
Berenson Spac Holdings I, Llc 10 percent owner 667 MADISON AVENUE, 18TH FLOOR, NEW YORK NY 10065