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LUNR (Intuitive Machines) Return-on-Tangible-Asset : 47.04% (As of Jun. 2024)


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What is Intuitive Machines 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. 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:

LUNR' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -87.49   Med: -11.18   Max: 82.14
Current: -31.41

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%.

LUNR's Return-on-Tangible-Asset is ranked worse than
88.85% of 314 companies
in the Aerospace & Defense industry
Industry Median: 2.53 vs LUNR: -31.41

Intuitive Machines Return-on-Tangible-Asset Historical Data

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.

* Premium members only.

Intuitive Machines Return-on-Tangible-Asset Chart

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 120.82 135.46 38.09 -306.49 47.04

Competitive Comparison of Intuitive Machines's Return-on-Tangible-Asset

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.


Intuitive Machines's Return-on-Tangible-Asset Distribution in the Aerospace & Defense Industry

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 Return-on-Tangible-Asset Calculation

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 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.


Intuitive Machines Return-on-Tangible-Asset Related Terms

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.


Intuitive Machines Business Description

Traded in Other Exchanges
N/A
Address
13467 Columbia Shuttle Street, Houston, TX, USA, 77059
Intuitive Machines Inc is a space exploration, infrastructure, and services company. It is a diversified space company focused on space exploration. It supplies space products and services to support sustained robotic and human exploration to the Moon, Mars, and beyond. Its products and services are offered through its four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure.
Executives
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