GURUFOCUS.COM » STOCK LIST » USA » NYSE » Invesco Senior Income Trust (NYSE:VVR) » Definitions » Return-on-Tangible-Asset
Switch to:

Invesco Seniorome Trust (NYSE:VVR) Return-on-Tangible-Asset

: -4.11% (As of Aug. 2022)
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. Invesco Seniorome Trust's annualized Net Income for the quarter that ended in Aug. 2022 was $-48.17 Mil. Invesco Seniorome Trust's average total tangible assets for the quarter that ended in Aug. 2022 was $1,171.89 Mil. Therefore, Invesco Seniorome Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Aug. 2022 was -4.11%.

The historical rank and industry rank for Invesco Seniorome Trust's Return-on-Tangible-Asset or its related term are showing as below:

VVR' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.1   Med: 2.85   Max: 4.07
Current: -1.1

During the past 5 years, Invesco Seniorome Trust's highest Return-on-Tangible-Asset was 4.07%. The lowest was -1.10%. And the median was 2.85%.

VVR's Return-on-Tangible-Asset is ranked better than
52.08% of 1709 companies
in the Asset Management industry
Industry Median: -1.82 vs VVR: -1.10

Invesco Seniorome Trust Return-on-Tangible-Asset Historical Data

The historical data trend for Invesco Seniorome Trust'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.

Invesco Seniorome Trust Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22
Return-on-Tangible-Asset
2.99 1.86 1.16 2.85 4.07

Invesco Seniorome Trust Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.41 12.59 6.47 1.82 -4.11

Competitive Comparison

For the Asset Management subindustry, Invesco Seniorome Trust'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.

   

Invesco Seniorome Trust Return-on-Tangible-Asset Distribution

For the Asset Management industry and Financial Services sector, Invesco Seniorome Trust's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Invesco Seniorome Trust'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.



Invesco Seniorome Trust Return-on-Tangible-Asset Calculation

Invesco Seniorome Trust's annualized Return-on-Tangible-Asset for the fiscal year that ended in Feb. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Feb. 2022 )  (A: Feb. 2021 )(A: Feb. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Feb. 2022 )  (A: Feb. 2021 )(A: Feb. 2022 )
=49.376/( (1174.575+1251.712)/ 2 )
=49.376/1213.1435
=4.07 %

Invesco Seniorome Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Aug. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Aug. 2022 )  (Q: Feb. 2022 )(Q: Aug. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Aug. 2022 )  (Q: Feb. 2022 )(Q: Aug. 2022 )
=-48.174/( (1251.712+1092.067)/ 2 )
=-48.174/1171.8895
=-4.11 %

* 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 (Aug. 2022) net income data.


Invesco Seniorome Trust  (NYSE:VVR) 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.


Invesco Seniorome Trust Return-on-Tangible-Asset Related Terms

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


Invesco Seniorome Trust (NYSE:VVR) Business Description

Invesco Seniorome Trust logo
Traded in Other Exchanges
N/A
Address
1555 Peachtree Street, N.E., Suite 1800, Atlanta, GA, USA, 30309
Invesco Senior Income Trust is a diversified, closed-end management investment company. The investment objective of the company is to provide a high level of current income, consistent with the preservation of capital. The company invests primarily in a portfolio of interests in floating or variable senior loans to corporations, partnerships, and other entities which operate in a variety of industries and geographic regions. It invests in various sectors such as business equipment and services, telecommunications, cable and satellite television, healthcare, chemicals and plastics, utilities, lodging and casinos, and others.
Executives
Melanie Ringold officer: SVP, CLO and Secretary 1555 PEACHTREE STREE NE, SUITE 1800, ATLANTA GA 30309
Terry Vacheron officer: Chief Financial Officer 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Bordewick James R Jr officer: Senior Officer & SVP C/O BANC OF AMERICA INVESTMENT ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Benjamin Gruder officer: Co-CAO 1555 PEACHTREE STREET, NE SUITE 1800, ATLANTA GA 30309
Antonio Reina officer: Secretary 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Josh E Levit officer: Chief Compliance Officer 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Adrien Deberghes officer: Vice President,PFO & Treasurer 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Haley S Waldron officer: Chief Accounting Officer 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Laura Allison Dukes officer: SMD and CFO 780 JOHNSON FERRY ROAD, SUITE 800, ATLANTA GA 30342
Stephen William Swanson officer: Secretary and General Counsel 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Tara Mcaleer officer: Chief Compliance Officer 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Robert Phillip Drobny officer: Vice President 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Mark William Gregson officer: Controller & Treasurer 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Kevin M Carome director
Annette Lege director, officer: CFO & CAO 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309

Invesco Seniorome Trust (NYSE:VVR) Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
premium membership