Switch to:

Avenueome Credit Strategies Fund Return-on-Tangible-Equity

: -57.93% (As of Apr. 2020)
View and export this data going back to 2011. 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. Avenueome Credit Strategies Fund's annualized net income attributable to common stockholders for the quarter that ended in Apr. 2020 was $-90.02 Mil. Avenueome Credit Strategies Fund's average shareholder tangible equity for the quarter that ended in Apr. 2020 was $155.38 Mil. Therefore, Avenueome Credit Strategies Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2020 was -57.93%.

NYSE:ACP' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -27.53   Med: 1.82   Max: 13.48
Current: -27.53

-27.53
13.48

During the past 3 years, Avenueome Credit Strategies Fund's highest Return-on-Tangible-Equity was 13.48%. The lowest was -27.53%. And the median was 1.82%.

NYSE:ACP's Return-on-Tangible-Equity is ranked lower than
89% of the 1688 Companies
in the Asset Management industry.

( Industry Median: -0.65 vs. NYSE:ACP: -27.53 )

Avenueome Credit Strategies Fund 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.

Avenueome Credit Strategies Fund Annual Data
Oct17 Oct18 Oct19
Return-on-Tangible-Equity 13.48 1.82 -1.30

Avenueome Credit Strategies Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20
Return-on-Tangible-Equity Premium Member Only 8.39 -5.08 -3.39 0.90 -57.93

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.


Avenueome Credit Strategies Fund Return-on-Tangible-Equity Distribution

* The bar in red indicates where Avenueome Credit Strategies Fund's Return-on-Tangible-Equity falls into.



Avenueome Credit Strategies Fund Return-on-Tangible-Equity Calculation

Avenueome Credit Strategies Fund's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2019 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Oct. 2019 )  (A: Oct. 2018 )(A: Oct. 2019 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Oct. 2019 )  (A: Oct. 2018 )(A: Oct. 2019 )
=-2.262/( (184.028+162.939 )/ 2 )
=-2.262/173.4835
=-1.30 %

Avenueome Credit Strategies Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2020 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Apr. 2020 )  (Q: Oct. 2019 )(Q: Apr. 2020 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Apr. 2020 )  (Q: Oct. 2019 )(Q: Apr. 2020 )
=-90.016/( (162.939+147.818)/ 2 )
=-90.016/155.3785
=-57.93 %

* 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 (Apr. 2020) net income attributable to common stockholders data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Avenueome Credit Strategies Fund  (NYSE:ACP) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity 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). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys 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 Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity 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 Return-on-Tangible-Equitys can be extremely high.


Avenueome Credit Strategies Fund Return-on-Tangible-Equity Related Terms


Avenueome Credit Strategies Fund 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)