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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. Freedom Acquisition I's annualized Net Income for the quarter that ended in Mar. 2023 was $0.68 Mil. Freedom Acquisition I's average total tangible assets for the quarter that ended in Mar. 2023 was $233.37 Mil. Therefore, Freedom Acquisition I's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2023 was 0.29%.
The historical rank and industry rank for Freedom Acquisition I's Return-on-Tangible-Asset or its related term are showing as below:
During the past 3 years, Freedom Acquisition I's highest Return-on-Tangible-Asset was 2.96%. The lowest was 1.61%. And the median was 2.34%.
The historical data trend for Freedom 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.
Freedom Acquisition I Annual Data | |||||||
Trend | Dec20 | Dec21 | Dec22 | ||||
Return-on-Tangible-Asset | - | 2.96 | 1.72 |
Freedom Acquisition I Quarterly Data | ||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 1.50 | 2.34 | 3.92 | -0.85 | 0.29 |
For the Shell Companies subindustry, Freedom 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.
For the Diversified Financial Services industry and Financial Services sector, Freedom Acquisition I's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Freedom Acquisition I's Return-on-Tangible-Asset falls into.
Freedom Acquisition I'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 ) | |||||
= | 5.982 | / | ( (346.22 | + | 350.121) | / 2 ) | |
= | 5.982 | / | 348.1705 | ||||
= | 1.72 % |
Freedom Acquisition I's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2023 ) | (Q: Dec. 2022 ) | (Q: Mar. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2023 ) | (Q: Dec. 2022 ) | (Q: Mar. 2023 ) | |||||
= | 0.68 | / | ( (350.121 | + | 116.619) | / 2 ) | |
= | 0.68 | / | 233.37 | ||||
= | 0.29 % |
* 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. 2023) net income data.
Freedom Acquisition I (NYSE:FACT.U) 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 companys 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 companys 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.
Thank you for viewing the detailed overview of Freedom Acquisition I's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
David John Anderson | director, officer: CMO; EVP Strategic Partnership | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Vikas Desai | officer: President; GM Business Units | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Thurman J Rodgers | director, 10 percent owner | 535 EASTVIEW WAY, WOODSIDE CA 94062 |
William James Anderson | director, officer: Chief Executive Officer | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Arnaud Lepert | officer: Chief Operating Officer | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Devin Whatley | director | C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583 |
Brian Wuebbels | officer: Chief Financial Officer | C/O MEMC ELECTRONIC MATERIALS, INC., 501 PEARL DRIVE, ST. PETERS MO 63376 |
Ronald J Pasek | director | 101 INNOVATION DRIVE, SAN JOSE CA 95134 |
Antonio R Alvarez | director | 3901 N. FIRST ST., SAN JOSE CA 95134 |
Edward Qiang Zeng | director | 14 WALL STREET, 20TH FLOOR, NEW YORK NY 100005 |
Nell Cady-kruse | director | C/O VARAGON CAPITAL CORPORATION, 299 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10171 |
David Poritz | director | 14 WALL STREET, 20TH FLOOR, NEW YORK NY 10005 |
Adam Gishen | officer: Chief Executive Officer | 14 WALL STREET, 20TH FLOOR, NEW YORK NY 10005 |
Freedom Acquisition I Llc | 10 percent owner | C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
Tidjane Thiam | director | C/O TWENTY-FIRST CENTURY FOX, INC., NEW YORK NY 10036 |
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