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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. Federated Premier Intmd Muniome Fund's annualized Net Income for the quarter that ended in . 20 was $ Mil. Federated Premier Intmd Muniome Fund's average total tangible assets for the quarter that ended in . 20 was $ Mil. Therefore, Federated Premier Intmd Muniome Fund's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 was 0.00%.
The historical rank and industry rank for Federated Premier Intmd Muniome Fund's Return-on-Tangible-Asset or its related term are showing as below:
The historical data trend for Federated Premier Intmd Muniome Fund'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.
Federated Premier Intmd Muniome Fund Annual Data | |
Trend | |
Return-on-Tangible-Asset |
Federated Premier Intmd Muniome Fund Semi-Annual Data |
Return-on-Tangible-Asset |
For the subindustry, Federated Premier Intmd Muniome Fund'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 industry and sector, Federated Premier Intmd Muniome Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Federated Premier Intmd Muniome Fund's Return-on-Tangible-Asset falls into.
Federated Premier Intmd Muniome Fund's annualized Return-on-Tangible-Asset for the fiscal year that ended in . 20 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: . 20 ) | (A: . 20 ) | (A: . 20 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: . 20 ) | (A: . 20 ) | (A: . 20 ) | |||||
= | / | ( ( | + | ) | / ) | ||
= | / | ||||||
= | % |
Federated Premier Intmd Muniome Fund's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: . 20 ) | (Q: . 20 ) | (Q: . 20 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: . 20 ) | (Q: . 20 ) | (Q: . 20 ) | |||||
= | / | ( ( | + | ) | / ) | ||
= | / | ||||||
= | % |
* 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 one times the annual (. 20) net income data.
Federated Premier Intmd Muniome Fund (NYSE:FPT) 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 Federated Premier Intmd Muniome Fund's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Bank Of America Na | 10 percent owner | 100 N. TRYON STREET, CHARLOTTE NC 28255 |
Blue Ridge Investments, L.l.c. | 10 percent owner | ONE BRYANT PARK, NEW YORK NY 10036 |
Federated Investment Management Co | other: Investment Adviser to FPT | FEDERATED INVESTORS TOWER 1001 LIBERTY AVENUE PITTSBURGH PA 15222-3779 |
Thomas R Donahue | other: Trustee & Treas. of FIMCO | 5800 CORPORATE DRIVE, PITTSBURGH PA 15237-7000 |
Bank Of America Corp /de/ | 10 percent owner | BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255 |
Karpus Management, Inc. | 10 percent owner | 183 SULLY'S TRAIL, PITTSFORD NY 14534 |
George W Karpus | 10 percent owner | |
Patrick Benacci | other: Senior Trader | 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779 |
G. Thomas Hough | director | P.O. BOX 407, LAKELAND FL 33802 |
Meter Stephen Van | officer: Chief Compliance Officer | FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779 |
John T Collins | director | THE COLLINS GROUP, 60 STATE ST, SUITE 700, BOSTON MA 02109 |
P Jerome Richey | director | 1800 WASHINGTON ROAD, PITTSBURGH PA 15421-1421 |
Lori A Hensler | officer: Treasurer | 940 FIFTH STREET, N. HUNTINGTON PA 15642 |
Citigroup Inc | 10 percent owner | 388 GREENWICH STREET, NEW YORK NY 10013 |
Robert J Ostrowski | officer: Chief Investment Officer | 4000 ERICSSON DRIVE, WARRENDALE PA 15086-7561 |
From GuruFocus
By GuruFocus Research GuruFocus Editor • 12-26-2021
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