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Franklin Limited Durationome Trust ROA %

: -7.24% (As of Jun. 2020)
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Franklin Limited Durationome Trust's annualized Net Income for the quarter that ended in Jun. 2020 was $-30.50 Mil. Franklin Limited Durationome Trust's average Total Assets over the quarter that ended in Jun. 2020 was $421.46 Mil. Therefore, Franklin Limited Durationome Trust's annualized ROA % for the quarter that ended in Jun. 2020 was -7.24%.

AMEX:FTF' s ROA % Range Over the Past 10 Years
Min: -3.44   Med: 4.58   Max: 8.27
Current: -2.06

-3.44
8.27

During the past 9 years, Franklin Limited Durationome Trust's highest ROA % was 8.27%. The lowest was -3.44%. And the median was 4.58%.

AMEX:FTF's ROA % is ranked lower than
56% of the 1738 Companies
in the Asset Management industry.

( Industry Median: -0.78 vs. AMEX:FTF: -2.06 )

Franklin Limited Durationome Trust ROA % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Franklin Limited Durationome Trust Annual Data
Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Dec18 Dec19
ROA % Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.79 -3.44 8.27 -1.71 6.41

Franklin Limited Durationome Trust Semi-Annual Data
Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
ROA % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.28 -3.02 9.91 2.98 -7.24

Competitive Comparison
* 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.


Franklin Limited Durationome Trust ROA % Distribution

* The bar in red indicates where Franklin Limited Durationome Trust's ROA % falls into.



Franklin Limited Durationome Trust ROA % Calculation

Franklin Limited Durationome Trust's annualized ROA % for the fiscal year that ended in Dec. 2019 is calculated as:

ROA %=Net Income (A: Dec. 2019 )/( (Total Assets (A: Dec. 2018 )+Total Assets (A: Dec. 2019 ))/ count )
=27.668/( (423.967+439.11)/ 2 )
=27.668/431.5385
=6.41 %

Franklin Limited Durationome Trust's annualized ROA % for the quarter that ended in Jun. 2020 is calculated as:

ROA %=Net Income (Q: Jun. 2020 )/( (Total Assets (Q: Dec. 2019 )+Total Assets (Q: Jun. 2020 ))/ count )
=-30.496/( (439.11+403.805)/ 2 )
=-30.496/421.4575
=-7.24 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Jun. 2020) net income data. ROA % is displayed in the 30-year financial page.


Franklin Limited Durationome Trust  (AMEX:FTF) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Jun. 2020 )
=Net Income/Total Assets
=-30.496/421.4575
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-30.496 / -29.898)*(-29.898 / 421.4575)
=Net Margin %*Asset Turnover
=102 %*-0.0709
=-7.24 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2020) net income data. The Revenue data used here is two times the semi-annual (Jun. 2020) revenue data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


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