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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. Granite Point Mortgage Trust's annualized Net Income for the quarter that ended in Dec. 2023 was $-53.89 Mil. Granite Point Mortgage Trust's average total tangible assets for the quarter that ended in Dec. 2023 was $2,988.78 Mil. Therefore, Granite Point Mortgage Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -1.80%.
The historical rank and industry rank for Granite Point Mortgage Trust's Return-on-Tangible-Asset or its related term are showing as below:
During the past 9 years, Granite Point Mortgage Trust's highest Return-on-Tangible-Asset was 3.19%. The lowest was -2.01%. And the median was 1.67%.
The historical data trend for Granite Point Mortgage Trust'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.
Granite Point Mortgage Trust Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 1.80 | -0.93 | 1.67 | -1.10 | -2.01 |
Granite Point Mortgage Trust Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -0.69 | -3.91 | 0.59 | -2.60 | -1.80 |
For the REIT - Mortgage subindustry, Granite Point Mortgage Trust'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 REITs industry and Real Estate sector, Granite Point Mortgage Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Granite Point Mortgage Trust's Return-on-Tangible-Asset falls into.
Granite Point Mortgage Trust'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 ) | |||||
= | -63.198 | / | ( (3454.101 | + | 2846.932) | / 2 ) | |
= | -63.198 | / | 3150.5165 | ||||
= | -2.01 % |
Granite Point Mortgage Trust'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 ) | |||||
= | -53.892 | / | ( (3130.621 | + | 2846.932) | / 2 ) | |
= | -53.892 | / | 2988.7765 | ||||
= | -1.80 % |
* 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.
Granite Point Mortgage Trust (NYSE:GPMT) 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 Granite Point Mortgage Trust's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
John A Taylor | director, officer: President and CEO | 3 BRYANT PARK, #2400A, NEW YORK NY 10036 |
Marcin Urbaszek | officer: Chief Financial Officer | 3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036 |
Sheila K. Mcgrath | director | 3 BRYANT PARK, SUITE 2400A, NEW YORK NY 10036 |
William Reid Sanders | director | C/O TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
Stephen Alpart | officer: Chief Investment Officer | 3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036 |
Steven Plust | officer: Chief Operating Officer | 3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036 |
Michael J. Karber | officer: General Counsel and Secretary | 3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036 |
Peter M. Morral | officer: Chief Development Officer | 3 BRYANT PARK, SUITE 2400A, NEW YORK NY 10036 |
Devin Chen | director | 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660 |
Rebecca B Sandberg | officer: General Counsel and Secretary | 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
Brian Taylor | director | C/O PINE RIVER CAPITAL MANAGEMENT, 601 CARLSON PARKWAY, 7TH FLOOR, MINNETONKA MN 55305 |
William Roth | director | TWO HARBORS INVESTMENT CORP., 601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305 |
Two Harbors Investment Corp. | 10 percent owner | 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
Capitol Acquisition Corp | 10 percent owner | 601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305 |
Two Harbors Operating Co Llc | 10 percent owner | 601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305 |
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