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Gesher I Acquisition (Gesher I Acquisition) Return-on-Tangible-Equity : -2.21% (As of Sep. 2022)


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What is Gesher I 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. Gesher I Acquisition's annualized net income for the quarter that ended in Sep. 2022 was $-2.44 Mil. Gesher I Acquisition's average shareholder tangible equity for the quarter that ended in Sep. 2022 was $110.40 Mil. Therefore, Gesher I Acquisition's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2022 was -2.21%.

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

GIAC's Return-on-Tangible-Equity is not ranked *
in the Diversified Financial Services industry.
Industry Median: 0.67
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Gesher I Acquisition Return-on-Tangible-Equity Historical Data

The historical data trend for Gesher I 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.

Gesher I Acquisition Return-on-Tangible-Equity Chart

Gesher I Acquisition Annual Data
Trend Sep22
Return-on-Tangible-Equity
-2.72

Gesher I Acquisition Quarterly Data
Feb21 Jun21 Dec21 Mar22 Jun22 Sep22
Return-on-Tangible-Equity Get a 7-Day Free Trial - -1.20 -2.48 -5.45 -2.21

Competitive Comparison of Gesher I Acquisition's Return-on-Tangible-Equity

For the Shell Companies subindustry, Gesher I 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.


Gesher I Acquisition's Return-on-Tangible-Equity Distribution in the Diversified Financial Services Industry

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

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



Gesher I Acquisition Return-on-Tangible-Equity Calculation

Gesher I Acquisition's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Sep. 2022 )  (A: . 20 )(A: Sep. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Sep. 2022 )  (A: . 20 )(A: Sep. 2022 )
=/( (+ )/ )
=/
= %

Gesher I Acquisition's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=-2.444/( (110.705+110.094)/ 2 )
=-2.444/110.3995
=-2.21 %

* 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 (Sep. 2022) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Gesher I Acquisition  (NAS:GIAC) 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.


Gesher I Acquisition Return-on-Tangible-Equity Related Terms

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Gesher I Acquisition (Gesher I Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
28 HaArba'a Street, Hagag Towers, North Tower, Floor 24, Tel Aviv, ISR
Gesher I Acquisition Corp is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company not only focuses on particular industry or geographic location, it focuses on the search for target businesses in the Cannabis industry.
Executives
Noah G. Levy director 60 EAST 42ND ST, 9TH FLOOR, NEW YORK NY 10165
Philip R Broenniman director C/O CSS INDUSTRIES, INC., 450 PLYMOUTH ROAD, SUITE 300, PLYMOUTH MEETING PA 19462
Eugene Dozortsev director C/O COLLECTIVE GROWTH CORPORATION, 1805 WEST AVENUE, AUSTIN TX 78701
Ezra Gardner director, 10 percent owner, officer: Chief Executive Officer HAGAG TOWERS NORTH TOWER, FLOOR 24, HAARBA 28, TEL AVIV L3 6473925
Gesher I Sponsor Llc 10 percent owner HAGAG TOWERS NORTH TOWER, FLOOR 24, HAARBA 28, TEL AVIV L3 6473925
Chris Coward officer: Chief Financial Officer HAGAG TOWERS NORTH TOWER, FLOOR 24, HAARBA 28, TEL AVIV L3 6473925
Omri Cherni director, 10 percent owner, officer: Chief Operating Officer HAGAG TOWERS NORTH TOWER, FLOOR 24, HAARBA 28, TEL AVIV L3 6473925