GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Focus Impact Acquisition Corp (NAS:FIAC) » Definitions » Return-on-Tangible-Equity

Focus Impact Acquisition (Focus Impact Acquisition) Return-on-Tangible-Equity : -104.19% (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Focus Impact Acquisition 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. Focus Impact Acquisition's annualized net income for the quarter that ended in Mar. 2024 was $-8.94 Mil. Focus Impact Acquisition's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $8.58 Mil. Therefore, Focus Impact Acquisition's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -104.19%.

The historical rank and industry rank for Focus Impact Acquisition's Return-on-Tangible-Equity or its related term are showing as below:

FIAC' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.41   Med: 2.62   Max: 5.21
Current: -5.41

During the past 3 years, Focus Impact Acquisition's highest Return-on-Tangible-Equity was 5.21%. The lowest was -5.41%. And the median was 2.62%.

FIAC's Return-on-Tangible-Equity is ranked worse than
65.36% of 511 companies
in the Diversified Financial Services industry
Industry Median: 0.68 vs FIAC: -5.41

Focus Impact Acquisition Return-on-Tangible-Equity Historical Data

The historical data trend for Focus Impact Acquisition'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.

Focus Impact Acquisition Return-on-Tangible-Equity Chart

Focus Impact Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Return-on-Tangible-Equity
- 5.21 0.02

Focus Impact Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.67 -1.37 -14.24 9.48 -104.19

Competitive Comparison of Focus Impact Acquisition's Return-on-Tangible-Equity

For the Shell Companies subindustry, Focus Impact Acquisition'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.


Focus Impact Acquisition's Return-on-Tangible-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Focus Impact Acquisition's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Focus Impact Acquisition's Return-on-Tangible-Equity falls into.



Focus Impact Acquisition Return-on-Tangible-Equity Calculation

Focus Impact Acquisition's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=0.024/( (227.065+9.694 )/ 2 )
=0.024/118.3795
=0.02 %

Focus Impact Acquisition's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=-8.936/( (9.694+7.46)/ 2 )
=-8.936/8.577
=-104.19 %

* 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. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Focus Impact Acquisition  (NAS:FIAC) 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.


Focus Impact Acquisition Return-on-Tangible-Equity Related Terms

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


Focus Impact Acquisition (Focus Impact Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
250 Park Avenue, Suite 911, New York, NY, USA, 10177
Focus Impact Acquisition Corp is a blank check company.
Executives
D'angela Simms director 40 W. 57TH STREET, 33RD FLOOR, NEW YORK NY 10019
Jerri Devard director 120 E 87TH STREET, #P6A, NEW YORK NY 10128
Westley Moore director, other: Chairman 325 WEST HURON STREET, SUITE 412, CHICAGO IL 60654
Wray T Thorn officer: Chief Investment Officer 63 WEST 17TH STREET, NEW YORK NY 10011
Dawanna Williams director 865 MERRICK AVE, SUITE 200 S, WESTBURY NY 11590
Troy L Carter director 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Focus Impact Sponsor, Llc director, 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Carl Stanton officer: Chief Executive Officer C/O FOCUS IMPACT, 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Ernest D Lyles officer: Chief Financial Officer C/O FOCUS IMPACT, 250 PARK AVENUE, SUITE 911, NEW YORK NY 10177
Howard L Sanders director C/O FOCUS IMPACT, 250 PARK AVENUE, SUITE 911, NEW YORK NY 10177