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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. Bakkt Holdings's annualized Net Income for the quarter that ended in Jun. 2024 was $-66 Mil. Bakkt Holdings's average total tangible assets for the quarter that ended in Jun. 2024 was $1,338 Mil. Therefore, Bakkt Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was -4.91%.
The historical rank and industry rank for Bakkt Holdings's Return-on-Tangible-Asset or its related term are showing as below:
During the past 4 years, Bakkt Holdings's highest Return-on-Tangible-Asset was -6.60%. The lowest was -131.01%. And the median was -42.93%.
The historical data trend for Bakkt Holdings'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.
Bakkt Holdings Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Return-on-Tangible-Asset | -46.08 | -39.78 | -131.01 | -11.70 |
Bakkt Holdings Quarterly Data | |||||||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -10.94 | -8.52 | -13.07 | -2.72 | -4.91 |
For the Software - Infrastructure subindustry, Bakkt Holdings'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, Bakkt Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bakkt Holdings's Return-on-Tangible-Asset falls into.
Bakkt Holdings'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 ) | |||||
= | -74.854 | / | ( (383.817 | + | 895.966) | / 2 ) | |
= | -74.854 | / | 639.8915 | ||||
= | -11.70 % |
Bakkt Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | -65.696 | / | ( (1504.63 | + | 1172.001) | / 2 ) | |
= | -65.696 | / | 1338.3155 | ||||
= | -4.91 % |
* 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 (Jun. 2024) net income data.
Bakkt Holdings (NYSE:BKKT) 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 Bakkt Holdings's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Intercontinental Exchange, Inc. | 10 percent owner | 5660 NEW NORTHSIDE DRIVE,, THIRD FLOOR, ATLANTA GA 30328 |
Marc D'annunzio | officer: General Counsel & Secretary | C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009 |
Vpc Impact Acquisition Holdings Sponsor, Llc | director, 10 percent owner, other: See Remarks | 150 NORTH RIVERSIDE PLAZA, SUITE 5200, CHICAGO IL 60606 |
Sean Roberts Collins | director | C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009 |
Mark Sonbolian Elliot | officer: Chief Sales & Mktg Officer | C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009 |
Michael Gavin Constantine | director, officer: Chief Executive Officer | C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009 |
Karen Alexander | officer: Chief Accounting Officer | C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTE GA 30009 |
Charles Goodroe | officer: Chief Accounting Officer | C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009 |
Meredith Spatz | officer: Chief Customer Officer | C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009 |
De'ana Dow | director | C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009 |
Jill Simeone | director | C/O ETSY, 117 ADAMS STREET, BROOKLYN NY 11201 |
Nancy Gordon | officer: EVP Loyalty Rewards & Payments | C/O BAKKT HOLDINGS, INC., 5500 WINDWARD PKWY., SUITE 450, ALPHARETTA GA 30005 |
Andrew A Main | director | C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009 |
Daniel O'prey | officer: EVP, Digital Assets | C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009 |
Michael Leroy Lewis | officer: EVP Engineering & Operations | C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009 |
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