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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. Latch's annualized net income for the quarter that ended in Mar. 2022 was $-176.92 Mil. Latch's average shareholder tangible equity for the quarter that ended in Mar. 2022 was $346.51 Mil. Therefore, Latch's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2022 was -51.06%.
The historical rank and industry rank for Latch's Return-on-Tangible-Equity or its related term are showing as below:
The historical data trend for Latch'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.
Latch Annual Data | |||||||
Trend | Dec19 | Dec20 | Dec21 | ||||
Return-on-Tangible-Equity | - | - | -163.55 |
Latch Quarterly Data | |||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | - | -36.25 | -32.06 | -55.48 | -51.06 |
For the Software - Application subindustry, Latch'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.
For the Software industry and Technology sector, Latch's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Latch's Return-on-Tangible-Equity falls into.
Latch's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2021 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | -166.319 | / | ( (-161.693 | + | 365.081 ) | / 2 ) | |
= | -166.319 | / | 101.694 | ||||
= | -163.55 % |
Latch's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2022 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2022 ) | (Q: Dec. 2021 ) | (Q: Mar. 2022 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2022 ) | (Q: Dec. 2021 ) | (Q: Mar. 2022 ) | |||||
= | -176.924 | / | ( (365.081 | + | 327.932) | / 2 ) | |
= | -176.924 | / | 346.5065 | ||||
= | -51.06 % |
* 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. 2022) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Latch (OTCPK:LTCH) 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.
Thank you for viewing the detailed overview of Latch's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Keyes John J Iv | officer: Interim CEO | C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001 |
Marc E Landy | officer: Interim CFO | C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001 |
Junji Nakamura | officer: Chief Accounting Officer | C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001 |
Barry Schaeffer | officer: Interim CFO & Treasurer | C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001 |
Josh Wolfe | 10 percent owner | C/O LUX HEALTH TECH ACQUISITION CORP., 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010 |
Garth Mitchell | officer: CFO & Treasurer | 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001 |
Raju Rishi | director | 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001 |
Ali Hussain | officer: Chief Operating Officer | 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001 |
Michael Brian Jones | officer: Chief Technology Officer | 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001 |
J. Allen Smith | director | 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001 |
Andrew Sugrue | director | 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001 |
Luke Schoenfelder | director, officer: Chief Executive Officer | 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001 |
Reynolds James Madison Iv | 10 percent owner | C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001 |
Avenir Latch Investors, Llc | 10 percent owner | C/O AVENIR MANAGEMENT COMPANY, LLC, 135 FIFTH AVENUE, 7TH FLOOR, NEW YORK NY 10010 |
Avenir Management Company, Llc | 10 percent owner | 817 BROADWAY, 12TH FLOOR, NEW YORK NY 10003 |
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