What is Brompton Lifeco Split Return-on-Tangible-Equity?
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. Brompton Lifeco Split's annualized net income for the quarter that ended in Dec. 2023 was C$23.87 Mil. Brompton Lifeco Split's average shareholder tangible equity for the quarter that ended in Dec. 2023 was C$52.83 Mil. Therefore, Brompton Lifeco Split's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 45.18%.
The historical rank and industry rank for Brompton Lifeco Split's Return-on-Tangible-Equity or its related term are showing as below:
TSX:LCS.PR.A.PFD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -81.54 Med: 12.61 Max: 108.58
Current: 61.88
During the past 13 years, Brompton Lifeco Split's highest Return-on-Tangible-Equity was 108.58%. The lowest was -81.54%. And the median was 12.61%.
TSX:LCS.PR.A.PFD's Return-on-Tangible-Equity is ranked better than 95.65% of 1677
companies
in the Asset Management industry
Industry Median: 4.52
vs TSX:LCS.PR.A.PFD: 61.88
Brompton Lifeco Split Return-on-Tangible-Equity Historical Data
The historical data trend for Brompton Lifeco Split'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.
Competitive Comparison of Brompton Lifeco Split's Return-on-Tangible-Equity
For the Asset Management subindustry, Brompton Lifeco Split'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.
Brompton Lifeco Split's Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Brompton Lifeco Split's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Brompton Lifeco Split'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.
Brompton Lifeco Split Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Brompton Lifeco Split's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Brompton Lifeco Split (TSX:LCS.PR.A.PFD) Business Description
Brompton Lifeco Split Corp is a mutual fund corporation based in Canada. It invests in a portfolio comprised of common shares of major publicly traded Canadian life insurance companies. The Fund's objectives in managing its capital are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions and to return the original issue price to the holders of the shares on the maturity date, the terms of which may be extended for periods of up to five years as determined by the Board of Directors, and to provide holders of Class A shares with regular monthly cash distributions targeted to be $0.075 per share and the opportunity for growth in Net Asset Value per share.
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