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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. Spartan Energy Acquisition's annualized net income for the quarter that ended in Sep. 2020 was $-13.00 Mil. Spartan Energy Acquisition's average shareholder tangible equity for the quarter that ended in Sep. 2020 was $547.22 Mil. Therefore, Spartan Energy Acquisition's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2020 was -2.38%.
The historical rank and industry rank for Spartan Energy Acquisition's Return-on-Tangible-Equity or its related term are showing as below:
During the past 3 years, Spartan Energy Acquisition's highest Return-on-Tangible-Equity was 1.63%. The lowest was 0.24%. And the median was 1.31%.
The historical data trend for Spartan Energy 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.
Spartan Energy Acquisition Annual Data | |||||||
Trend | Dec17 | Dec18 | Dec19 | ||||
Return-on-Tangible-Equity | - | 0.99 | 1.63 |
Spartan Energy Acquisition Quarterly Data | ||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 1.51 | 1.49 | 2.51 | -0.65 | -2.38 |
For the Shell Companies subindustry, Spartan Energy 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.
For the Diversified Financial Services industry and Financial Services sector, Spartan Energy Acquisition's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Spartan Energy Acquisition's Return-on-Tangible-Equity falls into.
Spartan Energy Acquisition's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2019 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2019 ) | (A: Dec. 2018 ) | (A: Dec. 2019 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2019 ) | (A: Dec. 2018 ) | (A: Dec. 2019 ) | |||||
= | 8.809 | / | ( (537.53 | + | 546.339 ) | / 2 ) | |
= | 8.809 | / | 541.9345 | ||||
= | 1.63 % |
Spartan Energy Acquisition's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2020 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Sep. 2020 ) | (Q: Jun. 2020 ) | (Q: Sep. 2020 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Sep. 2020 ) | (Q: Jun. 2020 ) | (Q: Sep. 2020 ) | |||||
= | -13.004 | / | ( (548.884 | + | 545.556) | / 2 ) | |
= | -13.004 | / | 547.22 | ||||
= | -2.38 % |
* 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. 2020) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Spartan Energy Acquisition (NYSE:SPAQ.U) 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 Spartan Energy Acquisition's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Glazer Capital, Llc | 10 percent owner | 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019 |
Paul J Glazer | 10 percent owner | 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019 |
John J Macwilliams | director | P O BOX 22027, TULSA OK 74121 |
Apollo Management Holdings Gp, Llc | 10 percent owner | 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
Apollo Management Holdings, L.p. | 10 percent owner | 9 W. 57TH STREET, NEW YORK NY 10019 |
Apollo Commodities Management, L.p. | 10 percent owner | 2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808 |
Gregory A Beard | 10 percent owner | C/O ATHLON ENERGY INC., 420 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102 |
Geoffrey Strong | 10 percent owner | C/O APOLLO MANAGEMENT, 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
Apollo Natural Resources Partners Ii, L.p. | 10 percent owner | ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577 |
Spartan Energy Acquisition Sponsor Llc | 10 percent owner | 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
Jan C. Wilson | director | 18 A HAZELTON AVE., SUITE 606, TORONTO A6 M5R 2E2 |
J Michael Stice | director | 525 CENTRAL PARK DRIVE, OKLAHOMA CITY OK 73105 |
Robert C Reeves | director | 1001 LOUISIANA STREET, HOUSTON TX 77002 |
James Crossen | officer: CFO and CAO | 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
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