Ellington Residential Mortgage REIT (Ellington Residential Mortgage REIT) Return-on-Tangible-Asset : 4.95% (As of Dec. 2023)

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What is Ellington Residential Mortgage REIT 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. Ellington Residential Mortgage REIT's annualized Net Income for the quarter that ended in Dec. 2023 was $49.76 Mil. Ellington Residential Mortgage REIT's average total tangible assets for the quarter that ended in Dec. 2023 was $1,005.06 Mil. Therefore, Ellington Residential Mortgage REIT's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 4.95%.

The historical rank and industry rank for Ellington Residential Mortgage REIT's Return-on-Tangible-Asset or its related term are showing as below:

EARN' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.28 Med: 0.65 Max: 1.5
Current: 0.43

During the past 12 years, Ellington Residential Mortgage REIT's highest Return-on-Tangible-Asset was 1.50%. The lowest was -2.28%. And the median was 0.65%.

EARN's Return-on-Tangible-Asset is ranked worse than
65.92% of 801 companies
in the REITs industry
Industry Median: 2.18 vs EARN: 0.43

Ellington Residential Mortgage REIT Return-on-Tangible-Asset Historical Data

The historical data trend for Ellington Residential Mortgage REIT'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.

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Ellington Residential Mortgage REIT Return-on-Tangible-Asset Chart

Ellington Residential Mortgage REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Return-on-Tangible-Asset

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1.41

1.50

-0.45

-2.28

0.46

Ellington Residential Mortgage REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Return-on-Tangible-Asset	Get a 7-Day Free Trial															4.17	0.86	0.44	-4.25	4.95

Competitive Comparison of Ellington Residential Mortgage REIT's Return-on-Tangible-Asset

For the REIT - Mortgage subindustry, Ellington Residential Mortgage REIT'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.

Ellington Residential Mortgage REIT's Return-on-Tangible-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ellington Residential Mortgage REIT's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Ellington Residential Mortgage REIT's Return-on-Tangible-Asset falls into.

Ellington Residential Mortgage REIT Return-on-Tangible-Asset Calculation

Ellington Residential Mortgage REIT'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 )
	=	4.559	/	( (1053.632	+	945.69)	/ 2 )
	=	4.559	/	999.661
	=	0.46 %

Ellington Residential Mortgage REIT's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	49.756	/	( (1064.436	+	945.69)	/ 2 )
	=	49.756	/	1005.063
	=	4.95 %

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 (Dec. 2023) net income data.

Ellington Residential Mortgage REIT (NYSE:EARN) 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.

Ellington Residential Mortgage REIT Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Ellington Residential Mortgage REIT's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Ellington Residential Mortgage REIT (Ellington Residential Mortgage REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ellington Residential Mortgage REIT (NYSE:EARN) » Definitions » Return-on-Tangible-Asset

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Traded in Other Exchanges

73Z:Germany

Address

53 Forest Avenue, Old Greenwich, CT, USA, 06870

Website

http://www.earnreit.com

Ellington Residential Mortgage REIT is principally engaged in the business of acquiring, investing in, and managing residential mortgage- and real estate-related assets through its wholly-owned subsidiaries. The company's primary objective is to generate attractive current yields and risk-adjusted total returns for shareholders by investing in assets that compensate appropriately for the risks associated with them.

Executives

Mary E Mcbride	director	6199 E. PRINCETON CIRCLE, ENGLEWOOD CO 80111
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Chukudi Melvin Ike	director	53 FOREST AVENUE, OLD GREENWICH CT 06870
Ronald I Simon	director	485 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Laurence Penn	director, officer: CEO and President	52 FOREST AVENUE, OLD GREENWICH CT 06870
John Herlihy	officer: Chief Operating Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Chris Smernoff	officer: Chief Financial Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Mark Tecotzky	officer: Co-Chief Investment Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Michael W Vranos	director, officer: Co-Chief Investment Officer	52 FOREST AVENUE, OLD GREENWICH CT 06870
David Miller	director	53 FOREST AVENUE, OLD GREENWICH CT 06870
Bto Earn Manager L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Earn Holdings L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Stephen A Schwarzman	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154
Btoa L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii Gp Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154