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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. Kayne Anderson NextGen Energy and Infrastructure's annualized Net Income for the quarter that ended in May. 2023 was $-119.33 Mil. Kayne Anderson NextGen Energy and Infrastructure's average total tangible assets for the quarter that ended in May. 2023 was $549.34 Mil. Therefore, Kayne Anderson NextGen Energy and Infrastructure's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2023 was -21.72%.
The historical rank and industry rank for Kayne Anderson NextGen Energy and Infrastructure's Return-on-Tangible-Asset or its related term are showing as below:
During the past 6 years, Kayne Anderson NextGen Energy and Infrastructure's highest Return-on-Tangible-Asset was 20.52%. The lowest was -28.50%. And the median was -5.85%.
The historical data trend for Kayne Anderson NextGen Energy and Infrastructure'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.
Kayne Anderson NextGen Energy and Infrastructure Annual Data | |||||||||||||||
Trend | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | |||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -10.01 | -1.89 | -28.50 | 20.52 | 13.43 |
Kayne Anderson NextGen Energy and Infrastructure Semi-Annual Data | ||||||||||||
Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | May21 | Nov21 | May22 | Nov22 | May23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 34.94 | 6.03 | 30.98 | -5.79 | -21.72 |
For the Asset Management subindustry, Kayne Anderson NextGen Energy and Infrastructure'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 Asset Management industry and Financial Services sector, Kayne Anderson NextGen Energy and Infrastructure's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kayne Anderson NextGen Energy and Infrastructure's Return-on-Tangible-Asset falls into.
Kayne Anderson NextGen Energy and Infrastructure's annualized Return-on-Tangible-Asset for the fiscal year that ended in Nov. 2022 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Nov. 2022 ) | (A: Nov. 2021 ) | (A: Nov. 2022 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Nov. 2022 ) | (A: Nov. 2021 ) | (A: Nov. 2022 ) | |||||
= | 78.038 | / | ( (575.544 | + | 586.87) | / 2 ) | |
= | 78.038 | / | 581.207 | ||||
= | 13.43 % |
Kayne Anderson NextGen Energy and Infrastructure's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: May. 2023 ) | (Q: Nov. 2022 ) | (Q: May. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: May. 2023 ) | (Q: Nov. 2022 ) | (Q: May. 2023 ) | |||||
= | -119.334 | / | ( (586.87 | + | 511.804) | / 2 ) | |
= | -119.334 | / | 549.337 | ||||
= | -21.72 % |
* 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 two times the semi-annual (May. 2023) net income data.
Kayne Anderson NextGen Energy and Infrastructure (NYSE:KMF) 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 Kayne Anderson NextGen Energy and Infrastructure's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Metlife Investment Management, Llc | 10 percent owner | ONE METLIFE WAY, WHIPPANY NJ 07981 |
James C Baker | officer: Exective Vice President | C/O KAYNE ANDERSON CAPITAL ADVISORS, L.P, 1800 AVENUE OF THE STARS, THIRD FLOOR, LOS ANGELES CA 90067 |
Carita Walker | director | 2519 PANORAMA TER, LOS ANGELES CA 90039 |
Caroline Ann Winn | director | 14914 VALLE DEL SUR COURT, SAN DIEGO CA 92127 |
Parker Austin Colby | officer: Chief Financial Officer | 811 MAIN STREET, 14TH FLOOR, HOUSTON TX 77002 |
Principal Life Insurance Co | 10 percent owner | 711 HIGH STREET, DES MOINES IA 50392-0300 |
United Of Omaha Life Insurance Co | 10 percent owner | MUTUAL OF OMAHA PLZ 3RD FLOOR LAW, ATTN: JAN BROCKMAN, OMAHA NE 68175-1008 |
Michael J Levitt | director | KAYNE ANDERSON CAPITAL ADVISORS, L.P., 1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067 |
Albert L Richey | director | 3718 ARNOLD, HOUSTON TX 77005 |
Richard A Kayne | other: SEE NOTES (1) AND (2) | |
Anne K Costin | director | C/O KAYNE ANDERSON CAPITAL ADVISORS LP, 1800 AVENUE OF THE STARS, LOS ANGELES CA 90067 |
David J Shladovsky | officer: SEC. & GC OF INV. ADVISOR | C/O KAYNE ANDERSON CAPITAL ADVISORS LP, 1800 AVENUE OF THE STARS, LOS ANGELES CA 90067 |
Jody Meraz | officer: VICE PRESIDENT | 717 TEXAS AVENUE, SUITE 3100, HOUSTON TX 77002 |
Mutual Of Omaha Insurance Co | 10 percent owner | 3300 MUTUAL OF OMAHA PLAZA, OMAHA NE 68175 |
John C Frey | officer: EVP, ASST. SEC. & TREAS | C/O KAYNE ANDERSON CAPITAL ADVISORS LP, 1800 AVENUE OF THE STARS, LOS ANGELES CA 90067 |
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