Ribbit LEAPLEAP.WS 22 Return-on-Tangible-Asset is 3.63% as of Jun. 2022, which is 89% below its 10-year median of 32.86. GuruFocus rates LEAP.WS with a GF Score™ of 22/100. The stock has 1 warning sign investors should review.
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. Ribbit LEAP's annualizedNet Income for the quarter that ended in Jun. 2022 was $14.67 Mil. Ribbit LEAP's average total tangible assets for the quarter that ended in Jun. 2022 was $403.65 Mil. Therefore, Ribbit LEAP's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 was 3.63%.
The historical rank and industry rank for Ribbit LEAP's Return-on-Tangible-Asset or its related term are showing as below:
LEAP.WS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 17.28 Med: 32.86 Max: 32.86
Current: 17.28
During the past 2 years, Ribbit LEAP's highest Return-on-Tangible-Asset was 32.86%. The lowest was 17.28%. And the median was 32.86%.
LEAP.WS's Return-on-Tangible-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.96
vs LEAP.WS: 17.28
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.
Ribbit LEAP Return-on-Tangible-Asset Related Terms
Ribbit LEAP Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ribbit LEAP'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.
LEAP.WS vs HIGA, LHC, RNER: Return-on-Tangible-Asset Comparison
For the Shell Companies subindustry, Ribbit LEAP'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.
Ribbit LEAP Return-on-Tangible-Asset vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Ribbit LEAP's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ribbit LEAP'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 (Jun. 2022) net income data.
What does a Return-on-Tangible-Asset of 3.63% mean?
Ribbit LEAP (LEAP.WS) has a Return-on-Tangible-Asset of 3.63% as of Jun. 2022. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Ribbit LEAP and its competitors. This is 89% below median its historical median of 32.86. Over the past decade, Ribbit LEAP's Return-on-Tangible-Asset has ranged from 17.28 to 32.86.
Is Ribbit LEAP's Return-on-Tangible-Asset too high?
Ribbit LEAP's current Return-on-Tangible-Asset of 3.63% is 89% below median its 10-year median of 32.86. Over the past 10 years, this metric has ranged from a low of 17.28 to a high of 32.86. The Diversified Financial Services industry median Return-on-Tangible-Asset is 0.96. Ribbit LEAP's value of 3.63% is 278.1% above this industry median. Overall, Ribbit LEAP has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Ribbit LEAP's Return-on-Tangible-Asset compare to HIGA and LHC?
Ribbit LEAP's Return-on-Tangible-Asset of 3.63% can be compared against companies in the Diversified Financial Services industry. The industry median Return-on-Tangible-Asset is 0.96. Ribbit LEAP's value of 3.63% is 278.1% above this benchmark. Historically, Ribbit LEAP's own Return-on-Tangible-Asset has ranged from 17.28 to 32.86 over the past decade. While the company's 10-year median is 32.86 vs. the industry median of 0.96, Ribbit LEAP has consistently been above 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 0.96, based on 565 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. Ribbit LEAP's current Return-on-Tangible-Asset of 3.63% is 278.1% above 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 Ribbit LEAP and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Asset is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ribbit LEAP's current Return-on-Tangible-Asset is 3.63%, which is 89% below median its own 10-year median of 32.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ribbit LEAP stock overvalued right now?
Ribbit LEAP (LEAP.WS) has a current Return-on-Tangible-Asset of 3.63%. The current Return-on-Tangible-Asset is 3.63%, which is 89% below median its 10-year median of 32.86 and 278.1% above the Diversified Financial Services industry median of 0.96. Ribbit LEAP's overall GF Score™ is 22/100 with 1 warning sign to review. 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 Ribbit LEAP (LEAP.WS), the current Return-on-Tangible-Asset is 3.63% as of Jun. 2022. 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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