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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. Forum Merger IV's annualizedNet Income for the quarter that ended in Mar. 2023 was $0.26 Mil. Forum Merger IV's average total tangible assets for the quarter that ended in Mar. 2023 was $203.57 Mil. Therefore, Forum Merger IV's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2023 was 0.13%.
The historical rank and industry rank for Forum Merger IV's Return-on-Tangible-Asset or its related term are showing as below:
FMIVW'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.62 Med: 0.82 Max: 2.25
Current: 2
During the past 2 years, Forum Merger IV's highest Return-on-Tangible-Asset was 2.25%. The lowest was -0.62%. And the median was 0.82%.
FMIVW's Return-on-Tangible-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.97
vs FMIVW: 2.00
Forum Merger IV (NAS:FMIVW) 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.
Forum Merger IV Return-on-Tangible-Asset Related Terms
Forum Merger IV Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Forum Merger IV'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.
FMIVW vs ZT, NAAC, TIOA: Return-on-Tangible-Asset Comparison
For the Shell Companies subindustry, Forum Merger IV'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.
Forum Merger IV Return-on-Tangible-Asset vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Forum Merger IV's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Forum Merger IV's Return-on-Tangible-Asset falls into.
* 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.
What does a Return-on-Tangible-Asset of 0.13% mean?
Forum Merger IV (FMIVW) has a Return-on-Tangible-Asset of 0.13% as of Mar. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Forum Merger IV and its competitors. This is 84% below median its historical median of 0.82.
Is Forum Merger IV's Return-on-Tangible-Asset too high?
Forum Merger IV's current Return-on-Tangible-Asset of 0.13% is 84% below median its 10-year median of 0.82. The Diversified Financial Services industry median Return-on-Tangible-Asset is 0.97. Forum Merger IV's value of 0.13% is 86.6% below this industry median. Overall, Forum Merger IV has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Forum Merger IV's Return-on-Tangible-Asset compare to ZT and NAAC?
Forum Merger IV's Return-on-Tangible-Asset of 0.13% can be compared against companies in the Diversified Financial Services industry. The industry median Return-on-Tangible-Asset is 0.97. Forum Merger IV's value of 0.13% is 86.6% below this benchmark. While the company's 10-year median is 0.82 vs. the industry median of 0.97, Forum Merger IV has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Diversified Financial Services company?
The median Return-on-Tangible-Asset among Diversified Financial Services companies is 0.97, based on 527 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forum Merger IV's current Return-on-Tangible-Asset of 0.13% is 86.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Forum Merger IV and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Asset is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forum Merger IV's current Return-on-Tangible-Asset is 0.13%, which is 84% below median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forum Merger IV stock overvalued right now?
Forum Merger IV (FMIVW) has a current Return-on-Tangible-Asset of 0.13%. The current Return-on-Tangible-Asset is 0.13%, which is 84% below median its 10-year median of 0.82 and 86.6% below the Diversified Financial Services industry median of 0.97. Forum Merger IV's overall GF Score™ is 22/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Forum Merger IV (FMIVW), the current Return-on-Tangible-Asset is 0.13% as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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