What is Blade Air Mobility 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. Blade Air Mobility's annualizedNet Income for the quarter that ended in Mar. 2024 was $-16.9 Mil. Blade Air Mobility's average total tangible assets for the quarter that ended in Mar. 2024 was $228.8 Mil. Therefore, Blade Air Mobility's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -7.40%.
The historical rank and industry rank for Blade Air Mobility's Return-on-Tangible-Asset or its related term are showing as below:
BLDE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -59.13 Med: -23.82 Max: -9.79
Current: -21.46
During the past 5 years, Blade Air Mobility's highest Return-on-Tangible-Asset was -9.79%. The lowest was -59.13%. And the median was -23.82%.
BLDE's Return-on-Tangible-Asset is ranked worse than 96.42% of 979
companies
in the Transportation industry
Industry Median: 3.96
vs BLDE: -21.46
Blade Air Mobility Return-on-Tangible-Asset Historical Data
The historical data trend for Blade Air Mobility'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.
Competitive Comparison of Blade Air Mobility's Return-on-Tangible-Asset
For the Airports & Air Services subindustry, Blade Air Mobility'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.
Blade Air Mobility's Return-on-Tangible-Asset Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Blade Air Mobility's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Blade Air Mobility's Return-on-Tangible-Asset falls into.
Blade Air Mobility Return-on-Tangible-Asset Calculation
Blade Air Mobility's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Blade Air Mobility (NAS:BLDE) 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.
Blade Air Mobility Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Blade Air Mobility's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Blade Air Mobility (Blade Air Mobility) Business Description
Blade Air Mobility Inc is a technology-powered air mobility platform that provides consumers with a cost-effective and time-efficient alternative to ground transportation for congested routes. The company's Passenger reporting segment arranges charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes operating in various locations throughout the United States and abroad. The company's Medical reporting segment includes air medical transporters of human organs in the United States, providing end-to-end logistics for transplant centers and organ procurement organizations utilizing helicopters, jets, turboprops and ground vehicles.
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