Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Royce Micro-Cap Trust's annualized net income for the quarter that ended in Dec. 2023 was $137.21 Mil. Royce Micro-Cap Trust's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $503.33 Mil. Therefore, Royce Micro-Cap Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 27.26%.
The historical rank and industry rank for Royce Micro-Cap Trust's Return-on-Tangible-Equity or its related term are showing as below:
RMT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19.46 Med: 14.78 Max: 19.89
Current: 14.85
During the past 7 years, Royce Micro-Cap Trust's highest Return-on-Tangible-Equity was 19.89%. The lowest was -19.46%. And the median was 14.78%.
RMT's Return-on-Tangible-Equity is ranked better than 78.52% of 1676
companies
in the Asset Management industry
Industry Median: 4.615
vs RMT: 14.85
Royce Micro-Cap Trust Return-on-Tangible-Equity Historical Data
The historical data trend for Royce Micro-Cap Trust's Return-on-Tangible-Equity 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.
Royce Micro-Cap Trust Annual Data
Trend
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Return-on-Tangible-Equity
19.89
5.33
17.22
-19.46
14.78
Royce Micro-Cap Trust Semi-Annual Data
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Dec20
Jun21
Dec21
Jun22
Dec22
Jun23
Dec23
Return-on-Tangible-Equity
-4.03
-86.94
29.74
1.80
27.26
Competitive Comparison
For the Asset Management subindustry, Royce Micro-Cap Trust's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Royce Micro-Cap Trust Return-on-Tangible-Equity Distribution
For the Asset Management industry and Financial Services sector, Royce Micro-Cap Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Royce Micro-Cap Trust's Return-on-Tangible-Equity falls into.
* 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-Equity, the net income 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 data used here is two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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 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 Micro-Cap Trust Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Royce Micro-Cap Trust's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Royce Micro-Cap Trust (Royce Micro-Cap Trust) Business Description
Royce Micro-Cap Trust Inc is a diversified closed-end investment company. The company is engaged in investing in micro-cap securities. It invests in the consumer discretionary sector including auto components, automobiles, diversified consumer services, hotels, restaurants and leisure, household durables, internet and catalog retail, leisure products, media, multiline retail, textiles, apparel, and luxury goods, Consumer staples sector including beverages, food, and staples retailing, food products, and personal products, Energy sector including energy equipment and services, and oil, gas, and consumable fuels. The company also invests in other sectors including healthcare, financials, industrials, IT, telecommunications, and materials.
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