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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. Kayne Anderson Energy Development Co's annualized Net Income for the quarter that ended in May. 2018 was $54.11 Mil. Kayne Anderson Energy Development Co's average total tangible assets for the quarter that ended in May. 2018 was $294.42 Mil. Therefore, Kayne Anderson Energy Development Co's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2018 was 18.38%.
The historical rank and industry rank for Kayne Anderson Energy Development Co's Return-on-Tangible-Asset or its related term are showing as below:
During the past 12 years, Kayne Anderson Energy Development Co's highest Return-on-Tangible-Asset was 21.01%. The lowest was -29.70%. And the median was 8.40%.
The historical data trend for Kayne Anderson Energy Development Co'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.
Kayne Anderson Energy Development Co Annual Data | |||||||||||||||||||||
Trend | Nov08 | Nov09 | Nov10 | Nov11 | Nov12 | Nov13 | Nov14 | Nov15 | Nov16 | Nov17 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 20.22 | 10.66 | -24.37 | 7.16 | -4.38 |
Kayne Anderson Energy Development Co Semi-Annual Data | ||||||||||||||||||||
May08 | Nov08 | May09 | Nov09 | May10 | Nov10 | Nov11 | May12 | Nov12 | May13 | Nov13 | May14 | Nov14 | May15 | Nov15 | May16 | Nov16 | May17 | Nov17 | May18 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 4.09 | 10.08 | 1.29 | -10.27 | 18.38 |
For the Asset Management subindustry, Kayne Anderson Energy Development Co'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, Kayne Anderson Energy Development Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kayne Anderson Energy Development Co's Return-on-Tangible-Asset falls into.
Kayne Anderson Energy Development Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Nov. 2017 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Nov. 2017 ) | (A: Nov. 2016 ) | (A: Nov. 2017 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Nov. 2017 ) | (A: Nov. 2016 ) | (A: Nov. 2017 ) | |||||
= | -13.907 | / | ( (345.976 | + | 289.152) | / 2 ) | |
= | -13.907 | / | 317.564 | ||||
= | -4.38 % |
Kayne Anderson Energy Development Co's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2018 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: May. 2018 ) | (Q: Nov. 2017 ) | (Q: May. 2018 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: May. 2018 ) | (Q: Nov. 2017 ) | (Q: May. 2018 ) | |||||
= | 54.108 | / | ( (289.152 | + | 299.686) | / 2 ) | |
= | 54.108 | / | 294.419 | ||||
= | 18.38 % |
* 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 (May. 2018) net income data.
Kayne Anderson Energy Development Co (NYSE:KED) 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 Kayne Anderson Energy Development Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard A Kayne | 10 percent owner, other: CEO of Member/Manager of IA | |
William R Cordes | director | 17237 HOWARD PLAZA, OMAHA NE 68118 |
Alan Boswell | officer: VICE PRESIDENT | 811 MAIN STREET, 14TH FLOOR, HOUSTON TX 77002 |
Terry A Hart | officer: Treasurer and CFO | 1000 LOUISIANA STREET SUITE 5800, HOUSTON TX 77002 |
Prudential Insurance Co Of America | 10 percent owner | 751 BROAD STREET, NEWARK NJ 07102 |
Prudential Financial Inc | 10 percent owner | 751 BROAD ST, NEWARK NJ 07102 |
James C Baker | officer: Vice President | C/O KAYNE ANDERSON CAPITAL ADVISORS, L.P, 1800 AVENUE OF THE STARS, THIRD FLOOR, LOS ANGELES CA 90067 |
Jody Meraz | officer: Vice President | 717 TEXAS AVENUE, SUITE 3100, HOUSTON TX 77002 |
Ka Holdings Inc | 10 percent owner, other: Affiliate / Investment Adviser | 1800 AVENUE OF THE STARS, 2ND FLOOR, LOS ANGELES CA 90067 |
Kevin S Mccarthy | director, officer: President, CEO, Chairman | C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067 |
John Daley | other: Investment Adviser CFO | C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067 |
John Anderson | 10 percent owner, other: Affiliate / Investment Adviser | C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067 |
Robert Sinnott | director | C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067 |
William L Thacker | director | 94 WEDGEWOOD DR. W., MONTGOMERY TX 77366 |
Barry R Pearl | director | P.O. BOX 2521, HOUSTON TX 77252-2521 |
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