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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. Intuitive Machines's annualized Net Income for the quarter that ended in Jun. 2024 was $73.1 Mil. Intuitive Machines's average total tangible assets for the quarter that ended in Jun. 2024 was $155.4 Mil. Therefore, Intuitive Machines's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 47.04%.
The historical rank and industry rank for Intuitive Machines's Return-on-Tangible-Asset or its related term are showing as below:
During the past 4 years, Intuitive Machines's highest Return-on-Tangible-Asset was 82.14%. The lowest was -87.49%. And the median was -11.18%.
The historical data trend for Intuitive Machines'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.
Intuitive Machines Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Return-on-Tangible-Asset | -11.18 | -87.49 | - | 82.14 |
Intuitive Machines Quarterly Data | |||||||||||||
Dec20 | Jun21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 120.82 | 135.46 | 38.09 | -306.49 | 47.04 |
For the Aerospace & Defense subindustry, Intuitive Machines'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 Aerospace & Defense industry and Industrials sector, Intuitive Machines's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Intuitive Machines's Return-on-Tangible-Asset falls into.
Intuitive Machines'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 ) | |||||
= | 62.804 | / | ( (67.004 | + | 85.908) | / 2 ) | |
= | 62.804 | / | 76.456 | ||||
= | 82.14 % |
Intuitive Machines's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | 73.12 | / | ( (170.771 | + | 140.121) | / 2 ) | |
= | 73.12 | / | 155.446 | ||||
= | 47.04 % |
* 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. 2024) net income data.
Intuitive Machines (NAS:LUNR) 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 Intuitive Machines's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Kamal Seyed Ghaffarian | director, 10 percent owner, officer: Executive Chairman | C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058 |
Michael Blitzer | director, 10 percent owner, officer: Co-Chief Executive Officer | 1270 BROADWAY, SUITE 1009, NEW YORK NY 10001 |
Stephen J Altemus | director, 10 percent owner, officer: Chief Executive Officer | C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058 |
Crain Timothy Price Ii | 10 percent owner, officer: Chief Technology Officer | C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058 |
Steven Vontur | officer: Corporate Controller | C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058 |
Guy Shanon | director, 10 percent owner, officer: Co-Chief Executive Officer | 1270 BROADWAY, SUITE 1009, NEW YORK NY 10001 |
Nicole Seligman | director | C/O VIACOM INC., 1515 BROADWAY, NEW YORK NY 10036 |
Anna Chiara Jones | officer: GC & Corporate Secretary | C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058 |
Masson Robert L. Ii | director | 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110 |
Gm Enterprises, Llc | 10 percent owner | 801 THOMPSON AVENUE, ROCKVILLE MD 20852 |
Intuitive Machines Kg Parent, Llc | 10 percent owner | 801 THOMPSON AVENUE, ROCKVILLE MD 20852 |
Ghaffarian Enterprises, Llc | 10 percent owner | 801 THOMPSON AVENUE, ROCKVILLE MD 20852 |
Liquori William John Jr | director | C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058 |
Sallee Erik Robinson Worley | officer: Chief Financial Officer | C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058 |
Hgc Investment Management Inc. | 10 percent owner | 1073 YONGE ST, 2ND FLOOR, TORONTO A6 M4W 2L2 |
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