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BNIX (Bannix Acquisition) Return-on-Tangible-Asset : -69.23% (As of Mar. 2025)


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What is Bannix 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. Bannix Acquisition's annualized Net Income for the quarter that ended in Mar. 2025 was $-1.71 Mil. Bannix Acquisition's average total tangible assets for the quarter that ended in Mar. 2025 was $2.47 Mil. Therefore, Bannix Acquisition's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was -69.23%.

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

BNIX' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.51   Med: -0.25   Max: 0.07
Current: -14.51

During the past 4 years, Bannix Acquisition's highest Return-on-Tangible-Asset was 0.07%. The lowest was -14.51%. And the median was -0.25%.

BNIX's Return-on-Tangible-Asset is ranked worse than
69.51% of 528 companies
in the Diversified Financial Services industry
Industry Median: -0.59 vs BNIX: -14.51

Bannix Acquisition Return-on-Tangible-Asset Historical Data

The historical data trend for Bannix 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.

Bannix Acquisition Return-on-Tangible-Asset Chart

Bannix Acquisition Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
-0.39 0.07 -0.11 -4.82

Bannix Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -0.45 -3.51 -5.81 -55.56 -69.23

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

For the Shell Companies subindustry, Bannix 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.


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

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

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


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Bannix Acquisition Return-on-Tangible-Asset Calculation

Bannix Acquisition's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=-0.871/( (32.354+3.763)/ 2 )
=-0.871/18.0585
=-4.82 %

Bannix Acquisition's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=-1.708/( (3.763+1.171)/ 2 )
=-1.708/2.467
=-69.23 %

* 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 (Mar. 2025) net income data.


Bannix Acquisition  (OTCPK:BNIX) 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.


Bannix Acquisition Return-on-Tangible-Asset Related Terms

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Bannix Acquisition Business Description

Traded in Other Exchanges
N/A
Address
300 Delaware Avenue, Suite 210, No. 301, Wilmington, DE, USA, 19801
Website
Bannix Acquisition Corp is a blank check company.
Executives
Ned L Siegel director 600 WILSHIRE BOULEVARD, LOS ANGELES CA 90017
Douglas Landers Davis director, officer: Chief Executive Officer C/O GOPHER PROTOCOL,, 2500 BROADWAY,SUITE F-125, SANTA MONICA CA 90404
Jamal Khurshid director BEAMS END, OLD BRIGHTON ROAD, PEASE POTTAGE X0 RH11 9AJ
Craig Marshak director C/O TRAFALGAR CAPITAL ADVISORS, 18851 NORTHEAST 29 AVENUE, SUITE 306, AVENTURA FL 33180
Eric Todd Shuss director 7322 E. EQUITATION WAY, ORANGE CA 92869