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. Rocket Lab USA's annualizedNet Income for the quarter that ended in Mar. 2024 was $-177.0 Mil. Rocket Lab USA's average total tangible assets for the quarter that ended in Mar. 2024 was $923.1 Mil. Therefore, Rocket Lab USA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -19.18%.
The historical rank and industry rank for Rocket Lab USA's Return-on-Tangible-Asset or its related term are showing as below:
RKLB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -31.72 Med: -22.27 Max: -15.82
Current: -20.9
During the past 4 years, Rocket Lab USA's highest Return-on-Tangible-Asset was -15.82%. The lowest was -31.72%. And the median was -22.27%.
RKLB's Return-on-Tangible-Asset is ranked worse than 86.54% of 312
companies
in the Aerospace & Defense industry
Industry Median: 2.625
vs RKLB: -20.90
Rocket Lab USA Return-on-Tangible-Asset Historical Data
The historical data trend for Rocket Lab USA'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 Rocket Lab USA's Return-on-Tangible-Asset
For the Aerospace & Defense subindustry, Rocket Lab USA'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.
Rocket Lab USA's Return-on-Tangible-Asset Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Rocket Lab USA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Rocket Lab USA's Return-on-Tangible-Asset falls into.
Rocket Lab USA Return-on-Tangible-Asset Calculation
Rocket Lab USA'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.
Rocket Lab USA (NAS:RKLB) 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.
Rocket Lab USA Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Rocket Lab USA's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Rocket Lab USA (Rocket Lab USA) Business Description
Rocket Lab USA Inc is engaged in space, building rockets, and spacecraft. It provides end-to-end mission services that provide frequent and reliable access to space for civil, defence, and commercial markets. It designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab's Electron launch vehicle has delivered more than 100 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. The business operates in two segments being Launch Services and Space systems. Geographically it serves Japan, Germany, rest of the world and earns key revenue from the United States.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
RKLB has been successfully added to your 