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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. SDCL EDGE Acquisition's annualized Net Income for the quarter that ended in Mar. 2024 was $-22.58 Mil. SDCL EDGE Acquisition's average total tangible assets for the quarter that ended in Mar. 2024 was $143.66 Mil. Therefore, SDCL EDGE Acquisition's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -15.72%.
The historical rank and industry rank for SDCL EDGE Acquisition's Return-on-Tangible-Asset or its related term are showing as below:
During the past 3 years, SDCL EDGE Acquisition's highest Return-on-Tangible-Asset was 2.35%. The lowest was -1.13%. And the median was 2.29%.
The historical data trend for SDCL EDGE Acquisition'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.
SDCL EDGE Acquisition Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Return-on-Tangible-Asset | - | 2.35 | 2.22 |
SDCL EDGE Acquisition Quarterly Data | |||||||||||||
Feb21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 0.58 | 5.09 | 0.44 | 1.53 | -15.72 |
For the Shell Companies subindustry, SDCL EDGE Acquisition'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 Diversified Financial Services industry and Financial Services sector, SDCL EDGE Acquisition's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SDCL EDGE Acquisition's Return-on-Tangible-Asset falls into.
SDCL EDGE Acquisition'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 ) | |||||
= | 3.866 | / | ( (205.597 | + | 142.529) | / 2 ) | |
= | 3.866 | / | 174.063 | ||||
= | 2.22 % |
SDCL EDGE Acquisition'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 ) | |||||
= | -22.58 | / | ( (142.529 | + | 144.798) | / 2 ) | |
= | -22.58 | / | 143.6635 | ||||
= | -15.72 % |
* 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.
SDCL EDGE Acquisition (NYSE:SEDA) 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 SDCL EDGE Acquisition's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Karl E. Olsoni | director | C/O SDCL EDGE ACQUISITION CORP, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
Guy Hands | 10 percent owner | OLD BANK CHAMBERS, LA GRANDE RUE, ST MARTIN'S Y7 GY4 6RT |
Seaside Holdings (nominee) Ltd | 10 percent owner | PO BOX 286, 2ND FLOOR, TRAFALGAR COURT, LES BANQUES, ST PETER PORT Y7 GY1 4LY |
Sustainable Investors Fund, Lp | 10 percent owner | 250 UNIVERSITY AVENUE, SUITE 300, PALO ALTO CA 94301 |
Sif Partners, Llc | 10 percent owner | 250 UNIVERSITY AVE, SUITE 300, PALO ALTO CA 94301 |
Steven J Gilbert | director | 540 MADISON AVE, 40TH FL, NEW YORK NY 10022 |
William V. Kriegel | director | 330 MADISON AVENUE, 25TH FLOOR, NEW YORK NY 10017 |
Sdcl Edge Sponsor Llc | 10 percent owner | PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
Sdcl Edge Acquisition Corp | 10 percent owner | PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
Machado Fernandes Ana Maria | director | PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
Michael Naylor | director | PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
Lolita Jackson | director | PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
Edward Wilson Davis | officer: CFO | PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
Jonathan Maxwell | director, 10 percent owner, officer: Co-Chief Executive Officer | PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
Michael Trattner Feldman | officer: Co-CEO | PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
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