Mallard Acquisition (Mallard Acquisition) Return-on-Tangible-Equity : 16.47% (As of Sep. 2021)

View and export this data going back to 2020. Start your Free Trial

What is Mallard 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. Mallard Acquisition's annualized net income for the quarter that ended in Sep. 2021 was $16.23 Mil. Mallard Acquisition's average shareholder tangible equity for the quarter that ended in Sep. 2021 was $98.51 Mil. Therefore, Mallard Acquisition's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2021 was 16.47%.

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

MACUW' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 11.06
Current: 11.06

During the past 1 years, Mallard Acquisition's highest Return-on-Tangible-Equity was 11.06%. The lowest was 0.00%. And the median was 0.00%.

MACUW's Return-on-Tangible-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.68 vs MACUW: 11.06

Mallard Acquisition Return-on-Tangible-Equity Historical Data

The historical data trend for Mallard 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.

Mallard Acquisition Return-on-Tangible-Equity Chart

Mallard Acquisition Annual Data

Trend

Dec20

Return-on-Tangible-Equity

Mallard Acquisition Quarterly Data
	Feb20	Jun20	Sep20	Mar21	Jun21	Sep21
Return-on-Tangible-Equity	Get a 7-Day Free Trial			-	-34.78	17.98	7.87	16.47

Competitive Comparison of Mallard Acquisition's Return-on-Tangible-Equity

For the Shell Companies subindustry, Mallard 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.

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

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

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

Mallard Acquisition Return-on-Tangible-Equity Calculation

Mallard Acquisition's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2020 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2020 )		(A: . 20 )		(A: Dec. 2020 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2020 )		(A: . 20 )		(A: Dec. 2020 )
	=		/	( (	+	)	/ )
	=		/
	=	%

Mallard Acquisition's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2021 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	16.228	/	( (96.477	+	100.534)	/ 2 )
	=	16.228	/	98.5055
	=	16.47 %

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. 2021) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Mallard Acquisition (NAS:MACUW) 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.

Mallard Acquisition Return-on-Tangible-Equity Related Terms

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