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Vy Global Growth (Vy Global Growth) Return-on-Tangible-Equity : 8.18% (As of Jun. 2022)


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What is Vy Global Growth 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. Vy Global Growth's annualized net income for the quarter that ended in Jun. 2022 was $44.61 Mil. Vy Global Growth's average shareholder tangible equity for the quarter that ended in Jun. 2022 was $545.61 Mil. Therefore, Vy Global Growth's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2022 was 8.18%.

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

VYGG's Return-on-Tangible-Equity is not ranked *
in the Diversified Financial Services industry.
Industry Median: 0.57
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Vy Global Growth Return-on-Tangible-Equity Historical Data

The historical data trend for Vy Global Growth'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.

Vy Global Growth Return-on-Tangible-Equity Chart

Vy Global Growth Annual Data
Trend Dec20 Dec21
Return-on-Tangible-Equity
- 3.53

Vy Global Growth Quarterly Data
Aug20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Return-on-Tangible-Equity Get a 7-Day Free Trial 4.49 7.38 3.00 6.91 8.18

Competitive Comparison of Vy Global Growth's Return-on-Tangible-Equity

For the Shell Companies subindustry, Vy Global Growth'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.


Vy Global Growth's Return-on-Tangible-Equity Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Vy Global Growth's Return-on-Tangible-Equity falls into.



Vy Global Growth Return-on-Tangible-Equity Calculation

Vy Global Growth'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 )
=18.433/( (512.356+530.789 )/ 2 )
=18.433/521.5725
=3.53 %

Vy Global Growth's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2022 )  (Q: Mar. 2022 )(Q: Jun. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2022 )  (Q: Mar. 2022 )(Q: Jun. 2022 )
=44.608/( (540.035+551.186)/ 2 )
=44.608/545.6105
=8.18 %

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


Vy Global Growth  (NYSE:VYGG) 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.


Vy Global Growth Return-on-Tangible-Equity Related Terms

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


Vy Global Growth (Vy Global Growth) Business Description

Traded in Other Exchanges
N/A
Address
Willow House, Cricket Square, Floor 4, Grand Cayman, CYM, KY1-9010
Vy Global Growth is a blank check company.
Executives
Javier Olivan director 62 RIDGE VIEW DRIVE, ATHERTON X1 94027
Julia Herendeen director 25 FIRST STREET, 2ND FLOOR, CAMBRIDGE MA 02141
John Hering director, officer: Chief Executive Officer FLOOR 4 WILLOW HOUSE, CRICKET SQ, GRAND CAYMAN E9 KY1-9010
Hugo Barra director FLOOR 4, WILLOW HOUSE, CRICKET SQ, GRAND CAYMAN E9 KY1-9010
Alexander Tamas director, officer: Chairman FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Sujay Jaswa director FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Justin Kan director FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Katja Lake officer: Chief Financial Officer FLOOR 4 WILLOW HOUSE CRICKET SQ, GRAND CAYMAN E9 KY1-9010
Daniel Schwarz officer: Chief Operating Officer FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Vy Global Growth Management Co. 10 percent owner FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Steve Ladd Huffman director FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-901-