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Royce Value Trust Return-on-Tangible-Equity

: -20.53% (As of Jun. 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. Royce Value Trust's annualized net income attributable to common stockholders for the quarter that ended in Jun. 2020 was $-314.95 Mil. Royce Value Trust's average shareholder tangible equity for the quarter that ended in Jun. 2020 was $1,534.06 Mil. Therefore, Royce Value Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2020 was -20.53%.

NYSE:RVT' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -15.75   Med: 16.15   Max: 26.23
Current: -1.52

-15.75
26.23

During the past 3 years, Royce Value Trust's highest Return-on-Tangible-Equity was 26.23%. The lowest was -15.75%. And the median was 16.15%.

NYSE:RVT's Return-on-Tangible-Equity is ranked lower than
52% of the 1693 Companies
in the Asset Management industry.

( Industry Median: -0.80 vs. NYSE:RVT: -1.52 )

Royce Value 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.

Royce Value Trust Annual Data
Dec17 Dec18 Dec19
Return-on-Tangible-Equity 16.15 -15.75 26.23

Royce Value Trust Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
Return-on-Tangible-Equity Premium Member Only 6.51 -57.68 35.42 17.04 -20.53

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.


Royce Value Trust Return-on-Tangible-Equity Distribution

* The bar in red indicates where Royce Value Trust's Return-on-Tangible-Equity falls into.



Royce Value Trust Return-on-Tangible-Equity Calculation

Royce Value Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2019 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=384.536/( (1304.107+1628.039 )/ 2 )
=384.536/1466.073
=26.23 %

Royce Value Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2020 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2020 )  (Q: Dec. 2019 )(Q: Jun. 2020 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2020 )  (Q: Dec. 2019 )(Q: Jun. 2020 )
=-314.954/( (1628.039+1440.072)/ 2 )
=-314.954/1534.0555
=-20.53 %

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


Royce Value Trust  (NYSE:RVT) 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.


Royce Value Trust Return-on-Tangible-Equity Related Terms


Royce Value Trust Return-on-Tangible-Equity Headlines

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