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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. Medley Management's annualized Net Income for the quarter that ended in Dec. 2020 was $-2.39 Mil. Medley Management's average total tangible assets for the quarter that ended in Dec. 2020 was $37.13 Mil. Therefore, Medley Management's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2020 was -6.44%.
The historical rank and industry rank for Medley Management's Return-on-Tangible-Asset or its related term are showing as below:
The historical data trend for Medley Management'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.
Medley Management Annual Data | |||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | ||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 0.82 | 0.74 | -2.36 | -5.32 | -6.32 |
Medley Management Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -16.80 | -10.05 | -8.05 | -1.24 | -6.44 |
For the Asset Management subindustry, Medley Management'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, Medley Management's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Medley Management's Return-on-Tangible-Asset falls into.
Medley Management's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2020 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2020 ) | (A: Dec. 2019 ) | (A: Dec. 2020 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2020 ) | (A: Dec. 2019 ) | (A: Dec. 2020 ) | |||||
= | -2.664 | / | ( (48.796 | + | 35.553) | / 2 ) | |
= | -2.664 | / | 42.1745 | ||||
= | -6.32 % |
Medley Management's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2020 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2020 ) | (Q: Sep. 2020 ) | (Q: Dec. 2020 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2020 ) | (Q: Sep. 2020 ) | (Q: Dec. 2020 ) | |||||
= | -2.392 | / | ( (38.711 | + | 35.553) | / 2 ) | |
= | -2.392 | / | 37.132 | ||||
= | -6.44 % |
* 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 (Dec. 2020) net income data.
Medley Management (OTCPK:MDLM) 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 Medley Management's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
John Dyett | director | 11111 SANTA MONICA BLVD., SUITE 2250, LOS ANGELES CA 90025 |
Jeffrey T Leeds | director | 660 MADISON AVE 15TH FL, NEW YORK NY 10021 |
John D. Fredericks | officer: General Counsel and Secretary | C/O MEDLEY CAPITAL CORPORATION, 375 PARK AVENUE, 33RD FLOOR, NEW YORK NY 10152 |
Allorto Richard T Jr | officer: Chief Financial Officer | C/O PENNANTPARK INVESTMENT CORPORATION, 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019 |
James George Eaton | director | C/O MEDLEY MANAGEMENT INC. 280 PARK AVENUE, 6TH FLOOR EAST NEW YORK NY 10017 |
Guy Jr Rounsaville | director | C/O MEDLEY CAPITAL, 375 PARK AVENUE, SUITE 3304, NEW YORK NY 10152 |
Jam Partners, L.p. | 10 percent owner | JAM MANAGERS L.L.C. 11 EAST 26TH STREET, SUITE 1900 NEW YORK NY 10010 |
Jam Managers, Llc | 10 percent owner | 11 EAST 26TH STREET SUITE 1900 NEW YORK NY 10010 |
Sy Jacobs | 10 percent owner | 11 EAST 26TH STREET, SUITE 1900, NEW YORK NY 10010 |
Jacobs Asset Management, Llc | 10 percent owner | 11 EAST 26TH STREET, SUITE 1900, NEW YORK NY 10010 |
Philip K Ryan | director | C/O MEDLEY MANAGEMENT INC., 375 PARK AVENUE, 33RD FLOOR, NEW YORK NY 10152 |
Mangrove Partners Fund, L.p. | 10 percent owner | 645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022 |
Mangrove Partners Fund (cayman), Ltd. | 10 percent owner | MAPLES CORP. SVCS, PO BOX 309, UGLAND HOUSE, S. CHURCH STREET, GEORGE TOWN E9 KY1-1104 |
Mangrove Partners Master Fund, Ltd. | 10 percent owner | 645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022 |
Nathaniel H. August | 10 percent owner | 10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022 |
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