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RKTA.U (Rocket Internet Growth Opportunities) Return-on-Tangible-Asset : 3.61% (As of Dec. 2022)


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What is Rocket Internet Growth Opportunities 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. Rocket Internet Growth Opportunities's annualized Net Income for the quarter that ended in Dec. 2022 was $9.74 Mil. Rocket Internet Growth Opportunities's average total tangible assets for the quarter that ended in Dec. 2022 was $270.11 Mil. Therefore, Rocket Internet Growth Opportunities's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2022 was 3.61%.

The historical rank and industry rank for Rocket Internet Growth Opportunities's Return-on-Tangible-Asset or its related term are showing as below:

RKTA.U' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.13   Med: 4.13   Max: 4.14
Current: 4.14

During the past 2 years, Rocket Internet Growth Opportunities's highest Return-on-Tangible-Asset was 4.14%. The lowest was 4.13%. And the median was 4.13%.

RKTA.U's Return-on-Tangible-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: -0.55 vs RKTA.U: 4.14

Rocket Internet Growth Opportunities Return-on-Tangible-Asset Historical Data

The historical data trend for Rocket Internet Growth Opportunities'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.

Rocket Internet Growth Opportunities Return-on-Tangible-Asset Chart

Rocket Internet Growth Opportunities Annual Data
Trend Dec21 Dec22
Return-on-Tangible-Asset
- 4.13

Rocket Internet Growth Opportunities Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Return-on-Tangible-Asset Get a 7-Day Free Trial - 6.26 3.83 2.88 3.61

Competitive Comparison of Rocket Internet Growth Opportunities's Return-on-Tangible-Asset

For the Shell Companies subindustry, Rocket Internet Growth Opportunities'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.


Rocket Internet Growth Opportunities's Return-on-Tangible-Asset Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Rocket Internet Growth Opportunities's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Rocket Internet Growth Opportunities's Return-on-Tangible-Asset falls into.


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Rocket Internet Growth Opportunities Return-on-Tangible-Asset Calculation

Rocket Internet Growth Opportunities's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=11.136/( (268.249+271.02)/ 2 )
=11.136/269.6345
=4.13 %

Rocket Internet Growth Opportunities's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2022 )  (Q: Sep. 2022 )(Q: Dec. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2022 )  (Q: Sep. 2022 )(Q: Dec. 2022 )
=9.74/( (269.191+271.02)/ 2 )
=9.74/270.1055
=3.61 %

* 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 (Dec. 2022) net income data.


Rocket Internet Growth Opportunities  (NYSE:RKTA.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.


Rocket Internet Growth Opportunities Return-on-Tangible-Asset Related Terms

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


Rocket Internet Growth Opportunities Business Description

Traded in Other Exchanges
N/A
Address
Boundary Hall, Cricket Square, Grand Cayman, CYM, KY1-1102
Rocket Internet Growth Opportunities Corp is a blank check company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Soheil Mirpour director, officer: CEO and Director BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Stalter Donald E. Jr director, officer: CFO and Director BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Brillant 3087. Se & Co. Verwaltungs Kg 10 percent owner CHARLOTTENSTR. 4, BERLIN 2M 10969
Atrium 122. Europaische Vv Se 10 percent owner CHARLOTTENSTR. 4, BERLIN 2M 10969
Norbert Lang director BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Marcus Englert director BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Aneel Ranadive director BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Pierre Louette director BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Founders Gmbh Global 10 percent owner BAVARIAFILMPLATZ 7, GEBAEUDE 49, GRUENWALD 2M 82031
Gmbh Rocata 10 percent owner BAVARIAFILMPLATZ 7, GEBAEUDE 49, GRUENWALD 2M 82031
Gmbh Zerena 10 percent owner BAVARIAFILMPLATZ 7, GEBAEUDE 49, GRUENWALD 2M 82031
Oliver Samwer director, other: Chairman BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Rocket Internet Growth Opportunities Sponsor Gmbh 10 percent owner CHARLOTTENSTR. 4, BERLIN 2M 10969

Rocket Internet Growth Opportunities Headlines