What is BlackRock TCP Capital 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. BlackRock TCP Capital's annualizedNet Income for the quarter that ended in Dec. 2023 was $-53.25 Mil. BlackRock TCP Capital's average total tangible assets for the quarter that ended in Dec. 2023 was $1,708.97 Mil. Therefore, BlackRock TCP Capital's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -3.12%.
The historical rank and industry rank for BlackRock TCP Capital's Return-on-Tangible-Asset or its related term are showing as below:
TCPC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.51 Med: 4.6 Max: 7.5
Current: 2.21
During the past 13 years, BlackRock TCP Capital's highest Return-on-Tangible-Asset was 7.50%. The lowest was -0.51%. And the median was 4.60%.
TCPC's Return-on-Tangible-Asset is ranked worse than 52.27% of 1716
companies
in the Asset Management industry
Industry Median: 2.715
vs TCPC: 2.21
BlackRock TCP Capital Return-on-Tangible-Asset Historical Data
The historical data trend for BlackRock TCP Capital'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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BlackRock TCP Capital Return-on-Tangible-Asset Chart
Competitive Comparison of BlackRock TCP Capital's Return-on-Tangible-Asset
For the Asset Management subindustry, BlackRock TCP Capital'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.
BlackRock TCP Capital's Return-on-Tangible-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock TCP Capital's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BlackRock TCP Capital's Return-on-Tangible-Asset falls into.
BlackRock TCP Capital Return-on-Tangible-Asset Calculation
BlackRock TCP Capital'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 (Dec. 2023) net income data.
BlackRock TCP Capital (NAS:TCPC) 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.
BlackRock TCP Capital Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of BlackRock TCP Capital's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
BlackRock TCP Capital (BlackRock TCP Capital) Business Description
BlackRock TCP Capital Corp is an externally-managed specialty finance company focused on middle-market lending. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It seeks to achieve our investment objective primarily through investments in debt securities of middle-market companies. The group generates returns through a combination of the receipt of contractual interest payments on debt investments and origination and similar fees, and, to a lesser extent, equity appreciation through options, warrants, conversion rights or direct equity investments.
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