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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. Rigetti Computing's annualized Net Income for the quarter that ended in Mar. 2024 was $-83.09 Mil. Rigetti Computing's average total tangible assets for the quarter that ended in Mar. 2024 was $161.01 Mil. Therefore, Rigetti Computing's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -51.61%.
The historical rank and industry rank for Rigetti Computing's Return-on-Tangible-Asset or its related term are showing as below:
During the past 4 years, Rigetti Computing's highest Return-on-Tangible-Asset was -41.34%. The lowest was -243.42%. And the median was -68.21%.
The historical data trend for Rigetti Computing'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.
Rigetti Computing Annual Data | |||||||||
Trend | Jan20 | Jan21 | Dec22 | Dec23 | |||||
Return-on-Tangible-Asset | -243.42 | -78.68 | -57.74 | -41.34 |
Rigetti Computing Quarterly Data | |||||||||||||
Jan20 | Oct20 | Jan21 | Oct21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -48.48 | -38.84 | -53.41 | -30.94 | -51.61 |
For the Computer Hardware subindustry, Rigetti Computing'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 Hardware industry and Technology sector, Rigetti Computing's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Rigetti Computing's Return-on-Tangible-Asset falls into.
Rigetti Computing'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 ) | |||||
= | -75.107 | / | ( (203.442 | + | 159.913) | / 2 ) | |
= | -75.107 | / | 181.6775 | ||||
= | -41.34 % |
Rigetti Computing'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 ) | |||||
= | -83.092 | / | ( (159.913 | + | 162.115) | / 2 ) | |
= | -83.092 | / | 161.014 | ||||
= | -51.61 % |
* 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.
Rigetti Computing (NAS:RGTI) 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 Rigetti Computing's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard Danis | officer: General Counsel and Corp. Sec. | 5808 LAKE WASHINGTON BLVD. NE, SUITE 300, KIRKLAND WA 98033 |
David Rivas | officer: SVP, Sys. and Serv. (Software) | C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94701 |
Thomas J Iannotti | director | C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039 |
Alissa Fitzgerald | director | C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710 |
Cathy L Mccarthy | director | 1400 TOASTMASTER DRIVE, ELGIN IL 60120 |
Jeffrey A. Bertelsen | officer: Chief Financial Officer | 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416 |
Mike Harburn | officer: SVP, Fabrication Ops. Hardware | C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710 |
Chad Rigetti | director, officer: President and CEO | C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710 |
Brian J Sereda | officer: Chief Financial Officer | 3590 NORTH FIRST STREET, SUITE 210, SAN JOSE CA 95134 |
Subodh K Kulkarni | officer: President and CEO | 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416 |
Supernova Partners Ii, Llc | other: Former 10% Owner | 4301 50TH STREET, N.W., SUITE 300, PMB 1044, WASHINGTON DC 20007 |
Gregory John Peters | officer: Chief Revenue Officer | C/O RIGETTI COMPUTING, INC., 775 HEINZ AVENUE, BERKELEY CA 94710 |
Helene Gail Sandford | director | C/O RIGETTI & CO., INC., 775 HEINZ AVENUE, BERKELEY CA 94710 |
Amanda Sue Birch | officer: SVP, Technology Partnerships | C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710 |
Bessemer Venture Partners X L.p. | 10 percent owner | 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538 |
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