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Big 8 Split (TSX:BIG.PR.D.PFD) Return-on-Tangible-Asset

: -0.44% (As of Jun. 2018)
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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. Big 8 Split's annualized Net Income for the quarter that ended in Jun. 2018 was C$-0.11 Mil. Big 8 Split's average total tangible assets for the quarter that ended in Jun. 2018 was C$25.49 Mil. Therefore, Big 8 Split's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2018 was -0.44%.

The historical rank and industry rank for Big 8 Split's Return-on-Tangible-Asset or its related term are showing as below:

TSX:BIG.PR.D.PFD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.05   Med: 10.61   Max: 22.23
Current: 11.08

During the past 9 years, Big 8 Split's highest Return-on-Tangible-Asset was 22.23%. The lowest was -17.05%. And the median was 10.61%.

TSX:BIG.PR.D.PFD's Return-on-Tangible-Asset is not ranked
in the Asset Management industry.
Industry Median: 2.38 vs TSX:BIG.PR.D.PFD: 11.08

Big 8 Split Return-on-Tangible-Asset Historical Data

The historical data trend for Big 8 Split'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.

Big 8 Split Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.41 10.61 3.10 22.23 8.32

Big 8 Split Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
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 7.22 37.00 -4.98 22.22 -0.44

Competitive Comparison

For the Asset Management subindustry, Big 8 Split'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.


Big 8 Split Return-on-Tangible-Asset Distribution

For the Asset Management industry and Financial Services sector, Big 8 Split's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Big 8 Split's Return-on-Tangible-Asset falls into.



Big 8 Split Return-on-Tangible-Asset Calculation

Big 8 Split's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2017 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2017 )  (A: Dec. 2016 )(A: Dec. 2017 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2017 )  (A: Dec. 2016 )(A: Dec. 2017 )
=2.258/( (28.579+25.709)/ 2 )
=2.258/27.144
=8.32 %

Big 8 Split's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2018 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2018 )  (Q: Dec. 2017 )(Q: Jun. 2018 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2018 )  (Q: Dec. 2017 )(Q: Jun. 2018 )
=-0.112/( (25.709+25.277)/ 2 )
=-0.112/25.493
=-0.44 %

* 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 two times the semi-annual (Jun. 2018) net income data.


Big 8 Split  (TSX:BIG.PR.D.PFD) 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.


Big 8 Split Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Big 8 Split's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Big 8 Split (TSX:BIG.PR.D.PFD) Business Description

Traded in Other Exchanges
N/A
Address
Big 8 Split Inc is a Canada based closed-end investment fund company. Its principal business is to invest in private equity, private debt, and public securities. In private equity investment, the company directly invests in real estate. The group also makes direct investments in mortgages and other debt secured by real estate in private debt investments. Public securities investments include investments in public listed companies that own investment-grade real estate. In addition, the company also offers integrated solutions by combining the three investment strategies into one balanced vehicle for specific investment mandates. Timbercreek Asset Management is the investment fund manager of the company.

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