The historical rank and industry rank for BrightSphere Investment Group's Return-on-Tangible-Asset or its related term are showing as below:
BSIG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.4 Med: 12.97 Max: 80.69
Current: 12.61
During the past 13 years, BrightSphere Investment Group's highest Return-on-Tangible-Asset was 80.69%. The lowest was 0.40%. And the median was 12.97%.
BSIG's Return-on-Tangible-Asset is ranked better than 84.59% of 1713
companies
in the Asset Management industry
Industry Median: 2.99
vs BSIG: 12.61
BrightSphere Investment Group Return-on-Tangible-Asset Historical Data
* 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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BrightSphere Investment Group Return-on-Tangible-Asset Chart
Competitive Comparison of BrightSphere Investment Group's Return-on-Tangible-Asset
For the Asset Management subindustry, BrightSphere Investment Group'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.
BrightSphere Investment Group's Return-on-Tangible-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, BrightSphere Investment Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where BrightSphere Investment Group's Return-on-Tangible-Asset falls into.
BrightSphere Investment Group Return-on-Tangible-Asset Calculation
BrightSphere Investment Group'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 (Mar. 2024) net income data.
BrightSphere Investment Group (NYSE:BSIG) 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.
BrightSphere Investment Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of BrightSphere Investment Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
BrightSphere Investment Group (BrightSphere Investment Group) Business Description
BrightSphere Investment Group Inc is a diversified, multi-boutique asset management company. The company's diverse affiliates offer alpha-generating investment products to investors around the world. Its reportable segment includes Quant and Solutions, which comprises of versatile, tailored strategies that leverage data and technology in a computational, factor-based investment process across a range of asset classes in developed and emerging markets, including non-U.S. and small-cap equities, as well as managed volatility, ESG, multi-asset, equity alternatives, and long/short strategies.. Its affiliates offer products in the U.S, international and emerging markets equities; U.S. fixed income; and alternative investments, including timber and secondary Funds.
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