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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. Blue Ridge Bankshares's annualized Net Income for the quarter that ended in Mar. 2024 was $-11.6 Mil. Blue Ridge Bankshares's average total tangible assets for the quarter that ended in Mar. 2024 was $3,064.2 Mil. Therefore, Blue Ridge Bankshares's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -0.38%.
The historical rank and industry rank for Blue Ridge Bankshares's Return-on-Tangible-Asset or its related term are showing as below:
During the past 6 years, Blue Ridge Bankshares's highest Return-on-Tangible-Asset was 2.57%. The lowest was -1.86%. And the median was 0.74%.
The historical data trend for Blue Ridge Bankshares'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.
Blue Ridge Bankshares Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 0.62 | 1.47 | 2.57 | 0.61 | -1.68 |
Blue Ridge Bankshares Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 0.50 | -1.07 | -5.19 | -0.73 | -0.38 |
For the Banks - Regional subindustry, Blue Ridge Bankshares'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.
For the Banks industry and Financial Services sector, Blue Ridge Bankshares's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Blue Ridge Bankshares's Return-on-Tangible-Asset falls into.
Blue Ridge Bankshares's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -51.773 | / | ( (3068.065 | + | 3085.058) | / 2 ) | |
= | -51.773 | / | 3076.5615 | ||||
= | -1.68 % |
Blue Ridge Bankshares's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -11.572 | / | ( (3085.058 | + | 3043.335) | / 2 ) | |
= | -11.572 | / | 3064.1965 | ||||
= | -0.38 % |
* 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-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 four times the quarterly (Mar. 2024) net income data.
Blue Ridge Bankshares (AMEX:BRBS) 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.
Thank you for viewing the detailed overview of Blue Ridge Bankshares's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Brian K. Plum | director, officer: CEO & President | 17 WEST MAIN STREET, LURAY VA 22835 |
Robert S. Janney | director | 17 WEST MAIN STREET, LURAY VA 22835 |
Brett Raynor | officer: Cheif Accounting Officer | 17 WEST MAIN STREET, LURAY VA 22835 |
Lanell Deloach | officer: Chief Credit Officer of Subsid | 17 WEST MAIN STREET, LURAY VA 22835 |
Heather Cozart | director | 500 RAMBLEWOOD DRIVE, RALEIGH NC 27609 |
Otis Jones | director | 9118 AVOCET CT, CHESTERFIELD VA 23838 |
G William Beale | officer: CEO of Bank Subsidiary | 1051 E. CARY STREET, SUITE 1200, RICHMOND VA 23219 |
Vance H Spilman | director | 5417 CARY STREET ROAD, RICHMOND VA 23226 |
Andrew C. Holzwarth | director | 17 WEST MAIN STREET, LURAY VA 22835 |
William W. Stokes | director | 17 WEST MAIN STREET, LURAY VA 22835 |
Larry Dees | director | 17 WEST MAIN STREET, LURAY VA 22835 |
Mensel D Dean | director | 4095 VALLEY PIKE, WINCHESTER VA 22602 |
Carolyn J. Woodruff | director | 17 WEST MAIN STREET, LURAY VA 22835 |
Reynolds Randolph N Jr | director | 3 PARTRIDGE HILL ROAD, RICHMOND VA 23238 |
Farmar Richard A Iii | director | P O BOX 1181, WARSAW VA 22572 |
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