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ASA (ASA Gold And Precious Metals) Return-on-Tangible-Asset : 19.11% (As of Nov. 2024)


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What is ASA Gold And Precious Metals Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. ASA Gold And Precious Metals's annualized Net Income for the quarter that ended in Nov. 2024 was $81.7 Mil. ASA Gold And Precious Metals's average total tangible assets for the quarter that ended in Nov. 2024 was $427.7 Mil. Therefore, ASA Gold And Precious Metals's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2024 was 19.11%.

The historical rank and industry rank for ASA Gold And Precious Metals's Return-on-Tangible-Asset or its related term are showing as below:

ASA' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -38.55   Med: 3.87   Max: 47.5
Current: 29.04

During the past 9 years, ASA Gold And Precious Metals's highest Return-on-Tangible-Asset was 47.50%. The lowest was -38.55%. And the median was 3.87%.

ASA's Return-on-Tangible-Asset is ranked better than
96.32% of 1683 companies
in the Asset Management industry
Industry Median: 4.25 vs ASA: 29.04

ASA Gold And Precious Metals Return-on-Tangible-Asset Historical Data

The historical data trend for ASA Gold And Precious Metals's Return-on-Tangible-Asset 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.

ASA Gold And Precious Metals Return-on-Tangible-Asset Chart

ASA Gold And Precious Metals Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only 47.50 3.87 -38.55 2.94 29.52

ASA Gold And Precious Metals Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -42.31 12.79 -6.92 39.93 19.11

Competitive Comparison of ASA Gold And Precious Metals's Return-on-Tangible-Asset

For the Asset Management subindustry, ASA Gold And Precious Metals's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.


ASA Gold And Precious Metals's Return-on-Tangible-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, ASA Gold And Precious Metals's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where ASA Gold And Precious Metals's Return-on-Tangible-Asset falls into.


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ASA Gold And Precious Metals Return-on-Tangible-Asset Calculation

ASA Gold And Precious Metals's annualized Return-on-Tangible-Asset for the fiscal year that ended in Nov. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Nov. 2024 )  (A: Nov. 2023 )(A: Nov. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Nov. 2024 )  (A: Nov. 2023 )(A: Nov. 2024 )
=115.296/( (335.619+445.398)/ 2 )
=115.296/390.5085
=29.52 %

ASA Gold And Precious Metals's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Nov. 2024 )  (Q: May. 2024 )(Q: Nov. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Nov. 2024 )  (Q: May. 2024 )(Q: Nov. 2024 )
=81.722/( (410.052+445.398)/ 2 )
=81.722/427.725
=19.11 %

* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Nov. 2024) net income data.


ASA Gold And Precious Metals  (NYSE:ASA) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


ASA Gold And Precious Metals Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of ASA Gold And Precious Metals's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


ASA Gold And Precious Metals Business Description

Traded in Other Exchanges
N/A
Address
Three Canal Plaza, Suite 600, Portland, ME, USA, 04101
ASA Gold And Precious Metals Ltd is a closed-end, non-diversified investment company. Its objective is to provide long-term capital appreciation through investing in companies engaged in the exploration for, development of projects, or mining of precious metals and minerals.
Executives
Alexander Merk officer: COO 44 MONTGOMERY STREET, #3730, SAN FRANCISCO CA 94104
William Donovan director 100 VISTA CIRCLE, APARTMENT 315, PITTSBURGH PA 15238
Mary Joan Hoene director 400 S EL CAMINO REAL, STE 710, SAN MATEO CA 94402
Bruce D Hansen director 1700 LINCOLN STREET, 28TH FLOOR, DENVER CO 80203
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Nancy J. Tyminski other: Deputy CCO 3 CANAL PLAZA, SUITE 600, PORTLAND ME 04101
James E Holman other: Analyst, Merk Investments, LLC THREE CANAL PLAZA, SUITE 600, PORTLAND ME 04101
Peter Maletis officer: President 44 MONTGOMERY STREET, #3730, SAN FRANCISCO CA 94104
Anthony J. Artabane director 4 LITTLE KINGS LANE, RYE BROOK NY 10573
Zachary R Tackett officer: Secretary 77 CONGRESS STREET, APT. #1, PORTLAND ME 04101
Gino E Malaspina officer: Secretary 3 CANAL PLAZA, SUITE 600, PORTLAND ME 04101
Karen Shaw officer: PFO 3 BUNKER HILL TERRACE, SCARBOROUGH ME 04074
David J Christensen officer: Vice President - Investments 400 S. EL CAMINO REAL, SUITE 710, SAN MATEO CA 94402
Danielle Kulp officer: Secretary and Deputy CCO 1409 KUTZ DRIVE, POTTSTOWN PA 19465