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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. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's annualized Net Income for the quarter that ended in Oct. 2023 was $-24.47 Mil. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's average total tangible assets for the quarter that ended in Oct. 2023 was $209.19 Mil. Therefore, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2023 was -11.70%.
The historical rank and industry rank for NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's highest Return-on-Tangible-Asset was 30.20%. The lowest was -25.94%. And the median was 1.87%.
The historical data trend for NEUBERGER BERMAN REAL ESTATE SECURITIESOME 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.
NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 17.00 | -23.37 | 30.20 | -25.94 | -0.60 |
NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Semi-Annual Data | ||||||||||||||||||||
Apr14 | Oct14 | Apr15 | Oct15 | Apr16 | Oct16 | Apr17 | Oct17 | Apr18 | Oct18 | Apr19 | Oct19 | Apr20 | Oct20 | Apr21 | Oct21 | Apr22 | Oct22 | Apr23 | Oct23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 13.83 | -11.87 | -40.49 | 9.83 | -11.70 |
For the Asset Management subindustry, NEUBERGER BERMAN REAL ESTATE SECURITIESOME 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 Asset Management industry and Financial Services sector, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Return-on-Tangible-Asset falls into.
NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's annualized Return-on-Tangible-Asset for the fiscal year that ended in Oct. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Oct. 2023 ) | (A: Oct. 2022 ) | (A: Oct. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Oct. 2023 ) | (A: Oct. 2022 ) | (A: Oct. 2023 ) | |||||
= | -1.24 | / | ( (221.611 | + | 192.591) | / 2 ) | |
= | -1.24 | / | 207.101 | ||||
= | -0.60 % |
NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Oct. 2023 ) | (Q: Apr. 2023 ) | (Q: Oct. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Oct. 2023 ) | (Q: Apr. 2023 ) | (Q: Oct. 2023 ) | |||||
= | -24.468 | / | ( (225.78 | + | 192.591) | / 2 ) | |
= | -24.468 | / | 209.1855 | ||||
= | -11.70 % |
* 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 (Oct. 2023) net income data.
NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND (AMEX:NRO) 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 NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Franklyn E. Smith | director | C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002 |
Ami Kaplan | director | C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002 |
Faith Colish | director | C/O NEUBERGER BERMAN MANAGEMENT INC, 605 THIRD AVE, NEW YORK NY 10158-0180 |
Investors, Llp Bulldog | 10 percent owner | PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663 |
Steven Samuels | 10 percent owner | 72 COLEYTOWN ROAD, WESTPORT CT 06882 |
Phillip Goldstein | 10 percent owner | 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570 |
Andrew Dakos | 10 percent owner | 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663 |
James G. Stavridis | director | C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180 |
Deborah C. Mclean | director | C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180 |
Marc Gary | director | C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-3698 |
Brian Patrick Kerrane | officer: Chief Operating Officer | C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158 |
Michael J. Cosgrove | director | C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580 |
Peter P Trapp | director | C/O NEUBERGER BERMAN MANAGEMENT INC, 605 THIRD AVENUE 2ND FLOOR, NEW YORK NY 10158-0180 |
Jack L Rivkin | director | 1200 PROSPECT STREET, SUITE 400, LA JOLLA CA 92037 |
Sun Life Financial Inc | 10 percent owner | SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6 |
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