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AASP (Agassi Sports Entertainment) Return-on-Tangible-Equity : -306.91% (As of Mar. 2025)


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What is Agassi Sports Entertainment Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Agassi Sports Entertainment's annualized net income for the quarter that ended in Mar. 2025 was $-6.66 Mil. Agassi Sports Entertainment's average shareholder tangible equity for the quarter that ended in Mar. 2025 was $2.17 Mil. Therefore, Agassi Sports Entertainment's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 was -306.91%.

The historical rank and industry rank for Agassi Sports Entertainment's Return-on-Tangible-Equity or its related term are showing as below:

AASP' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -406.72   Med: -94.98   Max: -94.98
Current: -406.72

During the past 13 years, Agassi Sports Entertainment's highest Return-on-Tangible-Equity was -94.98%. The lowest was -406.72%. And the median was -94.98%.

AASP's Return-on-Tangible-Equity is ranked worse than
99.54% of 439 companies
in the Diversified Financial Services industry
Industry Median: 1.59 vs AASP: -406.72

Agassi Sports Entertainment Return-on-Tangible-Equity Historical Data

The historical data trend for Agassi Sports Entertainment's Return-on-Tangible-Equity 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.

Agassi Sports Entertainment Return-on-Tangible-Equity Chart

Agassi Sports Entertainment Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -94.98

Agassi Sports Entertainment Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - -44.79 -306.91

Competitive Comparison of Agassi Sports Entertainment's Return-on-Tangible-Equity

For the Shell Companies subindustry, Agassi Sports Entertainment's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


Agassi Sports Entertainment's Return-on-Tangible-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Agassi Sports Entertainment's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Agassi Sports Entertainment's Return-on-Tangible-Equity falls into.


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Agassi Sports Entertainment Return-on-Tangible-Equity Calculation

Agassi Sports Entertainment's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=-0.794/( (-0.61+2.282 )/ 2 )
=-0.794/0.836
=-94.98 %

Agassi Sports Entertainment's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=-6.66/( (2.282+2.058)/ 2 )
=-6.66/2.17
=-306.91 %

* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2025) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Agassi Sports Entertainment  (OTCPK:AASP) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Agassi Sports Entertainment Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Agassi Sports Entertainment's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Agassi Sports Entertainment Business Description

Traded in Other Exchanges
N/A
Address
1120 North Town Center Drive, Suite 160, Las Vegas, NV, USA, 89144
Agassi Sports Entertainment Corp formerly Global Acquisitions Corp is a shell company. Its business plan is to seek, investigate, and, if warranted, acquire an interest in a business opportunity.
Executives
Ronald S Boreta director, officer: PRESIDENT, CEO & TREASURER 5325 SO VALLEY VIEW BLVD, STE 10, LAS VEGAS NV 89118
John Anthony Boreta director 10013 SIENNA PEAK CT., LAS VEGAS NV 89144
Vaso Boreta director 5325 SO VALLEY VIEW BLVD, STE 10, LAS VEGAS NV 89118
Steven Miller director 3883 HOWARD HUGHES PKWY., 8TH FL., LAS VEGAS NV 89109
Andre K Agassi 10 percent owner C/O AGASSI ENTERPRISES INC, IMG CENTER 1360 E 9TH ST STE 100, CLEVELAND OH 44144-1782
Andre Agassi Trust 10 percent owner 3883 HOWARD HUGHES PARKWAY, 8TH FLOOR, LAS VEGAS NV 89169
Investments Aka, Llc 10 percent owner 3883 HOWARD HUGHES PARKWAY, 8TH FLOOR, LAS VEGAS NV 89169
Agassi Ventures, Llc 10 percent owner 3883 HOWARD HUGHES PARKWAY, 8TH FLOOR, LAS VEGAS NV 89169
Cara Brunette director 6730 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89119
William Kilmer director 1853 MONTE CARLO WAY, CORAL SPRINGS FL 33071
Robert Rosburg director 49-425 AVENIDA CLUB LA QUINTA, LAS QUINTA CA 92253