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Blackrock Muniyield Quality Fund (Blackrock Muniyield Quality Fund) Return-on-Tangible-Asset : 3.59% (As of Jan. 2024)


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What is Blackrock Muniyield Quality Fund Return-on-Tangible-Asset?

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 Quality Fund's annualized Net Income for the quarter that ended in Jan. 2024 was $53.30 Mil. Blackrock Muniyield Quality Fund's average total tangible assets for the quarter that ended in Jan. 2024 was $1,484.68 Mil. Therefore, Blackrock Muniyield Quality Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 was 3.59%.

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

MQY' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.27   Med: 0.64   Max: 5.72
Current: 1.74

During the past 6 years, Blackrock Muniyield Quality Fund's highest Return-on-Tangible-Asset was 5.72%. The lowest was -8.27%. And the median was 0.64%.

MQY's Return-on-Tangible-Asset is ranked worse than
55.71% of 1716 companies
in the Asset Management industry
Industry Median: 2.715 vs MQY: 1.74

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

The historical data trend for Blackrock Muniyield 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 Quality Fund Return-on-Tangible-Asset Chart

Blackrock Muniyield Quality Fund Annual Data
Trend Apr18 Apr19 Apr20 Apr21 Apr22 Jul23
Return-on-Tangible-Asset
Get a 7-Day Free Trial 4.44 -0.92 5.72 -8.27 -0.54

Blackrock Muniyield Quality Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Jan23 Jul23 Jan24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 -16.78 -1.02 -0.04 3.59

Competitive Comparison of Blackrock Muniyield Quality Fund's Return-on-Tangible-Asset

For the Asset Management subindustry, Blackrock Muniyield 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.


Blackrock Muniyield Quality Fund's Return-on-Tangible-Asset Distribution in the Asset Management Industry

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

* The bar in red indicates where Blackrock Muniyield Quality Fund's Return-on-Tangible-Asset falls into.



Blackrock Muniyield Quality Fund Return-on-Tangible-Asset Calculation

Blackrock Muniyield Quality Fund's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jul. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jul. 2023 )  (A: Apr. 2022 )(A: Jul. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jul. 2023 )  (A: Apr. 2022 )(A: Jul. 2023 )
=-8.704/( (1730.214+1480.666)/ 2 )
=-8.704/1605.44
=-0.54 %

Blackrock Muniyield Quality Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jan. 2024 )  (Q: Jul. 2023 )(Q: Jan. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jan. 2024 )  (Q: Jul. 2023 )(Q: Jan. 2024 )
=53.304/( (1480.666+1488.686)/ 2 )
=53.304/1484.676
=3.59 %

* 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 (Jan. 2024) net income data.


Blackrock Muniyield Quality Fund  (NYSE:MQY) 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 company’s 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 company’s 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 Quality Fund Return-on-Tangible-Asset Related Terms

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


Blackrock Muniyield Quality Fund (Blackrock Muniyield Quality Fund) Business Description

Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
Blackrock Muniyield Quality Fund Inc is a closed-end management investment company. The company's objective is to provide shareholders with as high a level of current income exempt from U.S. federal income taxes as is consistent with its investment policies and prudent investment management. The company invests in Transportation, Health, Utilities, Education, Housing, and other sectors.
Executives
Arthur Philip Steinmetz director 50 HUDSON YARDS, NEW YORK NY 10001
Aaron David Wasserman officer: Chief Compliance Officer 50 HUDSON YARDS, NEW YORK NY 10001
Kristi Manidis Santiago other: Portfolio Manager 1 UNIVERSITY SQUARE DRIVE, PRINCETON NJ 08540
Kevin Maloney other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Walter Oconnor other: Portfolio Manager 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Phillip Soccio other: Portfolio Manager 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Michael Kalinoski other: Portfolio Manager 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Lorenzo Flores director 2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Karen P Robards director 800 SCUDDERS MILL RD, PLAINSBORO NJ 08536
Richard Cavanagh director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
W Carl Kester director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Frank Fabozzi director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Michael J Castellano director C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020

Blackrock Muniyield Quality Fund (Blackrock Muniyield Quality Fund) Headlines