Blackrock Muniyield Pennsylvania Quality Fund (NYSE:MPA) Return-on-Tangible-Asset

: -2.82% (As of Jan. 2023)

View and export this data going back to . Start your Free Trial

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 Muniyield Pennsylvania Quality Fund's annualized Net Income for the quarter that ended in Jan. 2023 was $-8.30 Mil. Blackrock Muniyield Pennsylvania Quality Fund's average total tangible assets for the quarter that ended in Jan. 2023 was $294.79 Mil. Therefore, Blackrock Muniyield Pennsylvania Quality Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2023 was -2.82%.

The historical rank and industry rank for Blackrock Muniyield Pennsylvania Quality Fund's Return-on-Tangible-Asset or its related term are showing as below:

MPA' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.27 Med: 1.59 Max: 5.46
Current: -6.94

During the past 6 years, Blackrock Muniyield Pennsylvania Quality Fund's highest Return-on-Tangible-Asset was 5.46%. The lowest was -8.27%. And the median was 1.59%.

MPA's Return-on-Tangible-Asset is ranked worse than
78.25% of 1733 companies
in the Asset Management industry
Industry Median: 0.95 vs MPA: -6.94

Blackrock Muniyield Pennsylvania Quality Fund Return-on-Tangible-Asset Historical Data

The historical data trend for Blackrock Muniyield Pennsylvania Quality Fund'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 Muniyield Pennsylvania Quality Fund Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Return-on-Tangible-Asset

0.95

5.46

2.22

4.53

-8.27

Blackrock Muniyield Pennsylvania Quality Fund Semi-Annual Data
	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23
Return-on-Tangible-Asset								5.23	3.79	-5.85	-10.66	-2.82

Competitive Comparison

For the Asset Management subindustry, Blackrock Muniyield Pennsylvania Quality Fund'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.

Annual Data Quarterly Data

Blackrock Muniyield Pennsylvania Quality Fund Return-on-Tangible-Asset Distribution

For the Asset Management industry and Financial Services sector, Blackrock Muniyield Pennsylvania Quality Fund's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Blackrock Muniyield Pennsylvania Quality Fund'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 Muniyield Pennsylvania Quality Fund Return-on-Tangible-Asset Calculation

Blackrock Muniyield Pennsylvania Quality Fund's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jul. 2022 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(A: Jul. 2022 )		(A: Jul. 2021 )		(A: Jul. 2022 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(A: Jul. 2022 )		(A: Jul. 2021 )		(A: Jul. 2022 )
	=	-27.404	/	( (351.628	+	311.457)	/ 2 )
	=	-27.404	/	331.5425
	=	-8.27 %

Blackrock Muniyield Pennsylvania Quality Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2023 is calculated as:

Return-on-Tangible-Asset	=	Net Income	/	( (Total Tangible Assets	+	Total Tangible Assets)	/ count )
		(Q: Jan. 2023 )		(Q: Jul. 2022 )		(Q: Jan. 2023 )
	=	Net Income	/	( (Total Assets - Intangible Assets	+	Total Assets - Intangible Assets)	/ count )
		(Q: Jan. 2023 )		(Q: Jul. 2022 )		(Q: Jan. 2023 )
	=	-8.302	/	( (311.457	+	278.129)	/ 2 )
	=	-8.302	/	294.793
	=	-2.82 %

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 (Jan. 2023) net income data.

Blackrock Muniyield Pennsylvania Quality Fund (NYSE:MPA) 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 Muniyield Pennsylvania Quality Fund Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Blackrock Muniyield Pennsylvania Quality Fund's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Blackrock Muniyield Pennsylvania Quality Fund (NYSE:MPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Muniyield Pennsylvania Quality Fund (NYSE:MPA) » Definitions » Return-on-Tangible-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Bellevue Parkway, Wilmington, DE, USA, 19809

Website

https://www.blackrock.com

Blackrock Muniyield Pennsylvania Quality Fund is a closed-end fund with investment objective is to provide shareholders with current income exempt from U.S. federal and Pennsylvania income taxes.

Executives

Aaron David Wasserman	officer: Chief Compliance Officer	50 HUDSON YARDS, NEW YORK NY 10001
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Kevin Maloney	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Kristi Manidis Santiago	other: Portfolio Manager	1 UNIVERSITY SQUARE DRIVE, PRINCETON NJ 08540
Walter Oconnor	other: Portfolio Manager	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Michael Kalinoski	other: Portfolio Manager	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Christian Romaglino	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Toronto Dominion Investments, Inc.	10 percent owner	909 FANIN, SUITE 1950, HOUSTON TX 77010
Td Securities (usa) Llc	10 percent owner	ONE VANDERBILT AVENUE, NEW YORK NY 10017
Toronto Dominion Holdings Usa Inc	10 percent owner	40 WALL STREET, NEW YORK NY 10003
Dominion Bank Toronto	10 percent owner	66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Td Group Us Holdings Llc	10 percent owner	251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Lorenzo Flores	director	2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman	director	P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262