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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. Arctos NorthStar Acquisition's annualized net income for the quarter that ended in Sep. 2022 was $8.47 Mil. Arctos NorthStar Acquisition's average shareholder tangible equity for the quarter that ended in Sep. 2022 was $303.01 Mil. Therefore, Arctos NorthStar Acquisition's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2022 was 2.79%.
The historical rank and industry rank for Arctos NorthStar Acquisition's Return-on-Tangible-Equity or its related term are showing as below:
The historical data trend for Arctos NorthStar 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.
Arctos NorthStar Acquisition Annual Data | |||||
Trend | Dec20 | Dec21 | |||
Return-on-Tangible-Equity | - | 4.92 |
Arctos NorthStar Acquisition Quarterly Data | ||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 0.68 | -0.31 | 10.18 | 4.26 | 2.79 |
For the Shell Companies subindustry, Arctos NorthStar 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, Arctos NorthStar Acquisition's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Arctos NorthStar Acquisition's Return-on-Tangible-Equity falls into.
Arctos NorthStar Acquisition'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 ) | |||||
= | 7.164 | / | ( (0.009 | + | 291.247 ) | / 2 ) | |
= | 7.164 | / | 145.628 | ||||
= | 4.92 % |
Arctos NorthStar Acquisition's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2022 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Sep. 2022 ) | (Q: Jun. 2022 ) | (Q: Sep. 2022 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Sep. 2022 ) | (Q: Jun. 2022 ) | (Q: Sep. 2022 ) | |||||
= | 8.468 | / | ( (301.954 | + | 304.071) | / 2 ) | |
= | 8.468 | / | 303.0125 | ||||
= | 2.79 % |
* 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. 2022) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Arctos NorthStar Acquisition (NYSE:ANAC) 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 Arctos NorthStar 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 |
Tomago Collins | director | 18500 NORTH ALLIED WAY, PHOENIX AZ 85054 |
Jared T Smith | director | C/O CAUSEWAY MEDIA PARTNERS, 44 BRATTLE, CAMBRIDGE MA 02138 |
Xavier A Gutierrez | director | 9550 FIRESTONE BOULEVARD, SUITE 105, DOWNEY CA 90241 |
Arctos Northstar Acquisition Holdings, Llc | 10 percent owner | 2021 MCKINNEY AVENUE, SUITE 200, DALLAS TX 75201 |
Theo Nathaniel Epstein | director, officer: See Remarks | C/O ARCTOS NORTHSTAR ACQUISITION CORP., 2021 MCKINNEY AVENUE, #200, DALLAS TX 75201 |
Meredith Lazo Mcpherron | director | C/O ARCTOS NORTHSTAR ACQUISITION CORP., 2021 MCKINNEY AVENUE, #200, DALLAS TX 75201 |
Ian Hunter Charles | director, 10 percent owner | C/O ARCTOS NORTHSTAR ACQUISITION CORP., 2021 MCKINNEY AVENUE, #200, DALLAS TX 75201 |
John Barney Vedro | officer: Chief Financial Officer | C/O ARCTOS NORTHSTAR ACQUISITION CORP., 2021 MCKINNEY AVENUE, #200, DALLAS TX 75201 |
David Justin Oconnor | director, 10 percent owner, officer: See Remarks | C/O ARCTOS NORTHSTAR ACQUISITION CORP., 2021 MCKINNEY AVENUE, #200, DALLAS TX 75201 |
From GuruFocus
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