Altimeter Growth (Altimeter Growth) Return-on-Tangible-Asset : 9.87% (As of Sep. 2021)

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What is Altimeter Growth Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Altimeter Growth's annualized Net Income for the quarter that ended in Sep. 2021 was $49.39 Mil. Altimeter Growth's average total tangible assets for the quarter that ended in Sep. 2021 was $500.38 Mil. Therefore, Altimeter Growth's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2021 was 9.87%.

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

AGCWW' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0 Med: 0 Max: 16.72
Current: 16.72

During the past 1 years, Altimeter Growth's highest Return-on-Tangible-Asset was 16.72%. The lowest was 0.00%. And the median was 0.00%.

AGCWW's Return-on-Tangible-Asset is not ranked
in the Diversified Financial Services industry.
Industry Median: -0.865 vs AGCWW: 16.72

Altimeter Growth Return-on-Tangible-Asset Historical Data

The historical data trend for Altimeter Growth's Return-on-Tangible-Asset 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.

Altimeter Growth Return-on-Tangible-Asset Chart

Altimeter Growth Annual Data

Trend

Dec20

Return-on-Tangible-Asset

Altimeter Growth Semi-Annual Data
	Aug20	Sep20	Mar21	Jun21	Sep21
Return-on-Tangible-Asset	-	-	17.22	-1.77	9.87

Competitive Comparison of Altimeter Growth's Return-on-Tangible-Asset

For the Shell Companies subindustry, Altimeter Growth's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.

Altimeter Growth's Return-on-Tangible-Asset Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Altimeter Growth's Return-on-Tangible-Asset falls into.

Altimeter Growth Return-on-Tangible-Asset Calculation

Altimeter Growth's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2020 is calculated as:

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

Altimeter Growth's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2021 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	49.385	/	( (500.52	+	500.245)	/ 2 )
	=	49.385	/	500.3825
	=	9.87 %

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is one times the annual (Sep. 2021) net income data.

Altimeter Growth (NAS:AGCWW) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.

Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.

Altimeter Growth Return-on-Tangible-Asset Related Terms

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