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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. Aurora Innovation's annualized Net Income for the quarter that ended in Mar. 2024 was $-660.00 Mil. Aurora Innovation's average total tangible assets for the quarter that ended in Mar. 2024 was $1,545.00 Mil. Therefore, Aurora Innovation's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -42.72%.
The historical rank and industry rank for Aurora Innovation's Return-on-Tangible-Asset or its related term are showing as below:
During the past 5 years, Aurora Innovation's highest Return-on-Tangible-Asset was -40.00%. The lowest was -103.11%. And the median was -56.79%.
The historical data trend for Aurora Innovation'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.
Aurora Innovation Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Return-on-Tangible-Asset | - | -40.00 | -60.52 | -103.11 | -53.05 |
Aurora Innovation Quarterly Data | |||||||||||||||
Dec19 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -59.57 | -75.50 | -54.32 | -45.78 | -42.72 |
For the Information Technology Services subindustry, Aurora Innovation'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 Software industry and Technology sector, Aurora Innovation's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Aurora Innovation's Return-on-Tangible-Asset falls into.
Aurora Innovation'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 ) | |||||
= | -796 | / | ( (1383 | + | 1618) | / 2 ) | |
= | -796 | / | 1500.5 | ||||
= | -53.05 % |
Aurora Innovation'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 ) | |||||
= | -660 | / | ( (1618 | + | 1472) | / 2 ) | |
= | -660 | / | 1545 | ||||
= | -42.72 % |
* 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.
Aurora Innovation (NAS:AUR) 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 Aurora Innovation's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Sterling Anderson | director | C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE CA 94042 |
David Maday | officer: See Remarks | 1654 SMALLMAN ST, PITTSBURGH PA 15222 |
Gloria R. Boyland | director | 6100 N. WESTERN AVENUE, OKLAHOMA CITY OK 73118 |
Ossa Fisher | officer: President | 1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218 |
Nolan Shenai | officer: General Counsel and Secretary | 1654 SMALLMAN ST,, PITTSBURGH PA 15222 |
Claire D'oyly-hughes Johnson | director | C/O AMERESCO, INC., 111 SPEEN STREET, STE. 401, FRAMINGHAM MA 01701-3812 |
Uber Technologies, Inc | 10 percent owner | 1515 3RD STREET, SAN FRANCISCO CA 94158 |
James Andrew Bagnell | director | C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE, MOUNTAIN VIEW CA 94043 |
Christopher Urmson | director, 10 percent owner, officer: See Remarks | C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE, MOUNTAIN VIEW CA 94043 |
Richard Tame | officer: Vice President of Finance | C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE, MOUNTAIN VIEW CA 94043 |
William Mouat | officer: See Remarks | C/O AURORA INNOVATION, INC., 280 N BERNARDO AVE, MOUNTAIN VIEW CA 94043 |
Dara Khosrowshahi | director | C/O INTERACTIVE CORP, 152 WEST 57TH ST, NEW YORK NY 10019 |
Brittany Bagley | director | C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101 |
Michelangelo Volpi | director | C/O HORTONWORKS, INC., 3640 W. BAYSHORE RD., PALO ALTO CA 94303 |
Carl M. Eschenbach | director | C/O SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, PALO ALTO CA 94025 |
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