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Oaktree Specialty Lending Return-on-Tangible-Asset

: 5.74% (As of Sep. 2021)
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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. Oaktree Specialty Lending's annualized Net Income for the quarter that ended in Sep. 2021 was $146.2 Mil. Oaktree Specialty Lending's average total tangible assets for the quarter that ended in Sep. 2021 was $2,549.5 Mil. Therefore, Oaktree Specialty Lending's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2021 was 5.74%.

The historical rank and industry rank for Oaktree Specialty Lending's Return-on-Tangible-Asset or its related term are showing as below:

NAS:OCSL' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.95   Med: 3.85   Max: 11.09
Current: 10.82

-9.95
11.09

During the past 13 years, Oaktree Specialty Lending's highest Return-on-Tangible-Asset was 11.09%. The lowest was -9.95%. And the median was 3.85%.

NAS:OCSL's Return-on-Tangible-Asset is ranked higher than
91% of the 529 Companies
in the Credit Services industry.

( Industry Median: 1.72 vs. NAS:OCSL: 10.82 )

Oaktree Specialty Lending Return-on-Tangible-Asset Historical Data

The historical data trend for Oaktree Specialty Lending'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.

Oaktree Specialty Lending Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.95 2.95 8.32 2.51 11.09

Oaktree Specialty Lending Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.18 15.27 16.68 7.69 5.74

Competitive Comparison

For the Credit Services subindustry, Oaktree Specialty Lending'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.

   

Oaktree Specialty Lending Return-on-Tangible-Asset Distribution

For the Credit Services industry and Financial Services sector, Oaktree Specialty Lending's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Oaktree Specialty Lending's Return-on-Tangible-Asset falls into.



Oaktree Specialty Lending Return-on-Tangible-Asset Calculation

Oaktree Specialty Lending's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2021 )  (A: Sep. 2020 )(A: Sep. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2021 )  (A: Sep. 2020 )(A: Sep. 2021 )
=237.26/( (1640.712+2636.387)/ 2 )
=237.26/2138.5495
=11.09 %

Oaktree Specialty Lending's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2021 )  (Q: Jun. 2021 )(Q: Sep. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2021 )  (Q: Jun. 2021 )(Q: Sep. 2021 )
=146.244/( (2462.708+2636.387)/ 2 )
=146.244/2549.5475
=5.74 %

* 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 (Sep. 2021) net income data.


Oaktree Specialty Lending  (NAS:OCSL) 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.


Oaktree Specialty Lending Return-on-Tangible-Asset Related Terms

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


Oaktree Specialty Lending Business Description

Oaktree Specialty Lending logo
Industry
Financial Services » Credit Services NAICS : 522390 SIC : 6162
Traded in Other Exchanges
Address
333 South Grand Avenue, 28th Floor, Los Angeles, CA, USA, 90071
Oaktree Specialty Lending Corp is a specialty finance company. It provides lending services and invests in small and mid-sized companies. The company's investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. Its investments generally range in size from ten million dollars to hundred million dollars and are principally in the form of the first lien, second lien, or collectively, senior secured, and subordinated debt investments, which may also include an equity component made in connection with investments by private equity sponsors.
Executives
Gero Deborah Ann director 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071
Ruben Richard director C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 S. GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071
Tannenbaum Leonard M 10 percent owner 10 BANK STREET, 12TH FLOOR WHITE PLAINS NY 10606
Panossian Armen officer: Chief Executive Officer 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071
Jacobson Craig A director C/O EXPEDIA, INC. 333 108TH AVENUE NE BELLEVUE WA 98004
Pendo Mathew officer: President and COO C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 S. GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071
Carlisle Melvin officer: CFO & Treasurer C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 S. GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071
Zimmerman Bruce director C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 S. GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071
Gamsin Marc director 1999 AVENUE OF THE STARS SUITE 2150 LOS ANGELES CA 90067
Frank John director C/O OAKTREE CAPITAL MANAGEMENT 333 SOUTH GRAND 28TH FLOOR LOS ANGELES CA 90071
Lee Edgar officer: See Remarks C/O OAKTREE CAPITAL MANAGEMENT, L.P. 333 SOUTH GRAND AVE, 28TH FLOOR LOS ANGELES CA 90071
Oaktree Holdings, Inc. 10 percent owner 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071
Oaktree Capital Management Lp 10 percent owner 333 S GRAND AVE 28TH FL LOS ANGELES CA 90071
Oaktree Capital Group, Llc 10 percent owner 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071
Oaktree Capital Group Holdings Gp, Llc 10 percent owner 333 SOUTH GRAND AVENUE 28TH FLOOR LOS ANGELES CA 90071

Oaktree Specialty Lending Headlines

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