Switch to:

DWS Strategic Municipalome Trust Return-on-Tangible-Equity

: 17.80%% (As of May. 2019)
View and export this data going back to . Start your Free Trial

Return on tangible equity is calculated as Net Income attributable to Common Stockholders divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. DWS Strategic Municipalome Trust's annualized net income attributable to common stockholders for the quarter that ended in May. 2019 was $24.21 Mil. DWS Strategic Municipalome Trust's average shareholder tangible equity for the quarter that ended in May. 2019 was $135.97 Mil. Therefore, DWS Strategic Municipalome Trust's annualized return on tangible equity (ROTE) for the quarter that ended in May. 2019 was 17.80 %%.


DWS Strategic Municipalome Trust Return-on-Tangible-Equity Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

DWS Strategic Municipalome Trust Annual Data
Nov17 Nov18
Return-on-Tangible-Equity 7.55 -0.22

DWS Strategic Municipalome Trust Semi-Annual Data
Nov17 May18 Nov18 May19
Return-on-Tangible-Equity 0.00 1.94 -2.43 17.80

Competitive Comparison
* 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.


DWS Strategic Municipalome Trust Return-on-Tangible-Equity Distribution

* The bar in red indicates where DWS Strategic Municipalome Trust's Return-on-Tangible-Equity falls into.



DWS Strategic Municipalome Trust Return-on-Tangible-Equity Calculation

DWS Strategic Municipalome Trust's annualized Return on Tangible Equity (ROTE) for the fiscal year that ended in Nov. 2018 is calculated as

ROTE=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ 2 )
(A: Nov. 2018 )  (A: Nov. 2017 )(A: Nov. 2018 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ 2 )
(A: Nov. 2018 )  (A: Nov. 2017 )(A: Nov. 2018 )
=-0.299/( (138.802+131.74 )/ 2 )
=-0.299/135.271
=-0.22 % %

DWS Strategic Municipalome Trust's annualized Return on Tangible Equity (ROTE) for the quarter that ended in May. 2019 is calculated as

ROTE=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ 2 )
(Q: May. 2019 )  (Q: Nov. 2018 )(Q: May. 2019 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ 2 )
(Q: May. 2019 )  (Q: Nov. 2018 )(Q: May. 2019 )
=24.21/( (131.74+140.208)/ 2 )
=24.21/135.974
=17.80 % %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

In the calculation of annual return on tangible equity, the net income attributable to common stockholders of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is two times the semi-annual (May. 2019) net income attributable to common stockholders data. Return on Equity is displayed in the 10-year financial page.


DWS Strategic Municipalome Trust  (NYSE:KSM) Return-on-Tangible-Equity Explanation

Return on Tangible Equity (ROTE) measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). ROTE shows how well a company uses investment funds to generate earnings growth. ROTEs between 15% and 20% are considered desirable.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its return on tangible equity by having more financial leverage, it is important to watch the leverage ratio when investing in high ROTE companies. Like Return-on-Tangible-Asset, ROTE is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROTEs can be extremely high.


DWS Strategic Municipalome Trust Return-on-Tangible-Equity Related Terms


DWS Strategic Municipalome Trust Return-on-Tangible-Equity Headlines

No Headline

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)
/* */