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 Long-term Municipal AdtgTrust's annualizedNet Income for the quarter that ended in Apr. 2022 was $-48.67 Mil. Blackrock Long-term Municipal AdtgTrust's average total tangible assets for the quarter that ended in Apr. 2022 was $273.53 Mil. Therefore, Blackrock Long-term Municipal AdtgTrust's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2022 was -17.79%.
The historical rank and industry rank for Blackrock Long-term Municipal AdtgTrust's Return-on-Tangible-Asset or its related term are showing as below:
BTA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.51 Med: 3.54 Max: 13.08
Current: -7.51
During the past 4 years, Blackrock Long-term Municipal AdtgTrust's highest Return-on-Tangible-Asset was 13.08%. The lowest was -7.51%. And the median was 3.54%.
BTA's Return-on-Tangible-Asset is ranked worse than 60.77% of 1718
companies
in the Asset Management industry
Industry Median: -2.22
vs BTA: -7.51
Blackrock Long-term Municipal AdtgTrust Return-on-Tangible-Asset Historical Data
The historical data trend for Blackrock Long-term Municipal AdtgTrust'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.
* Premium members only.
Blackrock Long-term Municipal AdtgTrust Annual Data
Trend
Apr18
Apr19
Apr20
Apr21
Return-on-Tangible-Asset
3.11
3.96
-3.30
13.08
Blackrock Long-term Municipal AdtgTrust Semi-Annual Data
Oct17
Apr18
Oct18
Apr19
Oct19
Apr20
Oct20
Apr21
Oct21
Apr22
Return-on-Tangible-Asset
-12.84
14.56
11.54
2.26
-17.79
Competitive Comparison
For the Asset Management subindustry, Blackrock Long-term Municipal AdtgTrust'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 Long-term Municipal AdtgTrust Return-on-Tangible-Asset Distribution
For the Asset Management industry and Financial Services sector, Blackrock Long-term Municipal AdtgTrust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Blackrock Long-term Municipal AdtgTrust's Return-on-Tangible-Asset falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Asset's extreme value range as defined by GuruFocus.
Blackrock Long-term Municipal AdtgTrust Return-on-Tangible-Asset Calculation
Blackrock Long-term Municipal AdtgTrust's annualized Return-on-Tangible-Asset for the fiscal year that ended in Apr. 2021 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 two times the semi-annual (Apr. 2022) net income data.
Blackrock Long-term Municipal AdtgTrust (NYSE:BTA) 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 Long-term Municipal AdtgTrust Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Blackrock Long-term Municipal AdtgTrust's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Blackrock Long-term Municipal AdtgTrust (NYSE:BTA) Business Description
Blackrock Long-term Municipal AdtgTrust is a diversified investment fund with an investment objective to provide current income exempt from regular U.S. federal income tax. The Fund invests at least 80% of its total assets in municipal bonds, municipal securities, and derivative instruments.
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