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JOBY (Joby Aviation) Return-on-Tangible-Asset : -29.38% (As of Mar. 2025)


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What is Joby Aviation 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. Joby Aviation's annualized Net Income for the quarter that ended in Mar. 2025 was $-329.62 Mil. Joby Aviation's average total tangible assets for the quarter that ended in Mar. 2025 was $1,121.90 Mil. Therefore, Joby Aviation's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was -29.38%.

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

JOBY' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -55.36   Med: -22.96   Max: -18.4
Current: -55.36

During the past 5 years, Joby Aviation's highest Return-on-Tangible-Asset was -18.40%. The lowest was -55.36%. And the median was -22.96%.

JOBY's Return-on-Tangible-Asset is ranked worse than
98.71% of 1004 companies
in the Transportation industry
Industry Median: 3.975 vs JOBY: -55.36

Joby Aviation Return-on-Tangible-Asset Historical Data

The historical data trend for Joby Aviation'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.

Joby Aviation Return-on-Tangible-Asset Chart

Joby Aviation Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
-22.96 -18.40 -18.91 -40.80 -50.05

Joby Aviation Quarterly Data
Sep20 Dec20 Mar21 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 Premium Member Only Premium Member Only -31.61 -44.88 -57.76 -92.87 -29.38

Competitive Comparison of Joby Aviation's Return-on-Tangible-Asset

For the Airports & Air Services subindustry, Joby Aviation'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.


Joby Aviation's Return-on-Tangible-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Joby Aviation's Return-on-Tangible-Asset distribution charts can be found below:

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


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Joby Aviation Return-on-Tangible-Asset Calculation

Joby Aviation'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 )
=-608.034/( (1248.839+1181.016)/ 2 )
=-608.034/1214.9275
=-50.05 %

Joby Aviation'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 )
=-329.624/( (1181.016+1062.787)/ 2 )
=-329.624/1121.9015
=-29.38 %

* 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.


Joby Aviation  (NYSE:JOBY) 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.


Joby Aviation Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Joby Aviation's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Joby Aviation Business Description

Traded in Other Exchanges
N/A
Address
333 Encinal Street, Santa Cruz, CA, USA, 95060
Joby Aviation Inc is a transportation company developing an all-electric, vertical take-off and landing (eVTOL) air taxi for commercial passenger service. Its Joby eVTOL aircraft is designed to transport a pilot and up to four passengers or an expected payload of up to 1,000 pounds at speeds of up to 200 mph. The aircraft is optimized for urban routes, with a target range of up to 100 miles on a single charge. The company is also developing an app-based platform to build and operate an aerial ridesharing service powered by a network of eVTOL aircraft that it will manufacture and operate. It has one operating and reportable segment, namely flight services. Currently, the company generates all of its revenue from flight services provided to the Department of Defense in the United States.
Executives
Gregory Bowles officer: Head of Government Affairs C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Toyota Motor Corp/ director, 10 percent owner TOYOTA MOTOR SALES USA INC, 6565 HEADQUARTERS DRIVE W1-3A, PLANO TX 75024
Paul Cahill Sciarra director PO BOX 427344, SAN FRANCISCO CA 94142
Joeben Bevirt director, officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Didier Papadopoulos officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Bonny W Simi officer: See Remarks 4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814
Kate Dehoff officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Eric Allison officer: Head of Product C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Matthew Field officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Dipender Saluja director 1730 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Tetsuo Ogawa director C/O JOBY AVIATION, INC., 333 ENCINAL ST., SANTA CRUZ CA 95060
Michael P Huerta director 1800 M STREET NW SUITE 800, WASHINGTON DC 20036
Justin Lang officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
James Kuffner director C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #255, SANTA CRUZ CA 95060
Joby Holdings, Inc. 10 percent owner C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060