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PDOT.U (Peridot Acquisition II) Return-on-Tangible-Asset : 3.00% (As of Sep. 2022)


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What is Peridot Acquisition II 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. Peridot Acquisition II's annualized Net Income for the quarter that ended in Sep. 2022 was $12.33 Mil. Peridot Acquisition II's average total tangible assets for the quarter that ended in Sep. 2022 was $410.71 Mil. Therefore, Peridot Acquisition II's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2022 was 3.00%.

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

PDOT.U' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.1   Med: 0.1   Max: 3.44
Current: 3.44

During the past 1 years, Peridot Acquisition II's highest Return-on-Tangible-Asset was 3.44%. The lowest was 0.10%. And the median was 0.10%.

PDOT.U's Return-on-Tangible-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: -0.55 vs PDOT.U: 3.44

Peridot Acquisition II Return-on-Tangible-Asset Historical Data

The historical data trend for Peridot Acquisition II'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.

Peridot Acquisition II Return-on-Tangible-Asset Chart

Peridot Acquisition II Annual Data
Trend Dec21
Return-on-Tangible-Asset
0.10

Peridot Acquisition II Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Return-on-Tangible-Asset Get a 7-Day Free Trial 5.11 -1.23 7.98 4.04 3.00

Competitive Comparison of Peridot Acquisition II's Return-on-Tangible-Asset

For the Shell Companies subindustry, Peridot Acquisition II'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.


Peridot Acquisition II's Return-on-Tangible-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Peridot Acquisition II's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Peridot Acquisition II's Return-on-Tangible-Asset falls into.


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Peridot Acquisition II Return-on-Tangible-Asset Calculation

Peridot Acquisition II's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2021 )  (A: . 20 )(A: Dec. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2021 )  (A: . 20 )(A: Dec. 2021 )
=/( (+)/ )
=/
= %

Peridot Acquisition II's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=12.328/( (409.822+411.592)/ 2 )
=12.328/410.707
=3.00 %

* 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 (Sep. 2022) net income data.


Peridot Acquisition II  (NYSE:PDOT.U) 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.


Peridot Acquisition II Return-on-Tangible-Asset Related Terms

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Peridot Acquisition II Business Description

Traded in Other Exchanges
N/A
Address
2229 San Felipe Street, Suite 1450, Houston, TX, USA, 77019
Peridot Acquisition Corp II is a blank check company.
Executives
Scott M Prochazka director 1111 LOUISIANA, HOUSTON TX 77002
Tomas Ackerman director, 10 percent owner 2229 SAN FELIPE, SUITE 1450, HOUSTON TX 77019
Daniel Goodman 10 percent owner 2229 SAN FELIPE, SUITE 1450, HOUSTON TX 77019
Alan B Levande director 1155 PARK AVENUE, NEW YORK NY 10128
Carnelian Energy Capital Iii, L.p. 10 percent owner 2229 SAN FELIPE, SUITE 1450, HOUSTON TX 77019
Preston Powell director, officer: Chief Executive Officer 2229 SAN FELIPE STREET, SUITE 1450, HOUSTON TX 77019
June Yearwood director 2229 SAN FELIPE STREET, SUITE 1450, HOUSTON TX 77019
Carnelian Energy Capital Holdings, Llc 10 percent owner 2229 SAN FELIPE STREET, SUITE 1450, HOUSTON TX 77019
Carnelian Energy Capital Gp Iii, L.p. 10 percent owner 2229 SAN FELIPE STREET, SUITE 1450, HOUSTON TX 77019
Cec Aventurine Holdings, Llc 10 percent owner 2229 SAN FELIPE STREET, SUITE 1450, HOUSTON TX 77019
Peridot Acquisition Sponsor Ii, Llc 10 percent owner 2229 SAN FELIPE STREET, SUITE 1450, HOUSTON TX 77019
Stephen Wedemeyer officer: Chief Financial Officer C/O PERIDOT ACQUISITION, 2229 SAN FELIPE STREET, SUITE 1450, HOUSTON TX 77019

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