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PGIM High Yield Fund Return-on-Tangible-Equity

: -11.52% (As of May. 2020)
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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. PGIM High Yield Fund's annualized net income attributable to common stockholders for the quarter that ended in May. 2020 was $-60.61 Mil. PGIM High Yield Fund's average shareholder tangible equity for the quarter that ended in May. 2020 was $526.28 Mil. Therefore, PGIM High Yield Fund's annualized Return-on-Tangible-Equity for the quarter that ended in May. 2020 was -11.52%.

NYSE:ISD' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.6   Med: 3.28   Max: 6.04
Current: 0.6

0.6
6.04

During the past 3 years, PGIM High Yield Fund's highest Return-on-Tangible-Equity was 6.04%. The lowest was 0.60%. And the median was 3.28%.

NYSE:ISD's Return-on-Tangible-Equity is ranked higher than
55% of the 1694 Companies
in the Asset Management industry.

( Industry Median: -0.79 vs. NYSE:ISD: 0.60 )

PGIM High Yield 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.

PGIM High Yield Fund Annual Data
May18 May19 May20
Return-on-Tangible-Equity 3.28 6.04 0.61

PGIM High Yield Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20
Return-on-Tangible-Equity Premium Member Only 3.24 2.25 9.95 12.28 -11.52

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.


PGIM High Yield Fund Return-on-Tangible-Equity Distribution

* The bar in red indicates where PGIM High Yield Fund's Return-on-Tangible-Equity falls into.



PGIM High Yield Fund Return-on-Tangible-Equity Calculation

PGIM High Yield Fund's annualized Return-on-Tangible-Equity for the fiscal year that ended in May. 2020 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: May. 2020 )  (A: May. 2019 )(A: May. 2020 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: May. 2020 )  (A: May. 2019 )(A: May. 2020 )
=3.193/( (538.869+500.657 )/ 2 )
=3.193/519.763
=0.61 %

PGIM High Yield Fund's annualized Return-on-Tangible-Equity for the quarter that ended in May. 2020 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: May. 2020 )  (Q: Nov. 2019 )(Q: May. 2020 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: May. 2020 )  (Q: Nov. 2019 )(Q: May. 2020 )
=-60.606/( (551.912+500.657)/ 2 )
=-60.606/526.2845
=-11.52 %

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


PGIM High Yield Fund  (NYSE:ISD) 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.


PGIM High Yield Fund Return-on-Tangible-Equity Related Terms


PGIM High Yield Fund Return-on-Tangible-Equity Headlines

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