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Cordish Dixon Private Equity Fund II (ASX:CD2) Return-on-Tangible-Asset : -5.47% (As of Mar. 2024)


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What is Cordish Dixon Private Equity Fund II 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. Cordish Dixon Private Equity Fund II's annualized Net Income for the quarter that ended in Mar. 2024 was A$-4.93 Mil. Cordish Dixon Private Equity Fund II's average total tangible assets for the quarter that ended in Mar. 2024 was A$90.17 Mil. Therefore, Cordish Dixon Private Equity Fund II's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -5.47%.

The historical rank and industry rank for Cordish Dixon Private Equity Fund II's Return-on-Tangible-Asset or its related term are showing as below:

ASX:CD2' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.41   Med: 4.93   Max: 18.79
Current: 12.58

During the past 12 years, Cordish Dixon Private Equity Fund II's highest Return-on-Tangible-Asset was 18.79%. The lowest was -2.41%. And the median was 4.93%.

ASX:CD2's Return-on-Tangible-Asset is ranked better than
79.56% of 1683 companies
in the Asset Management industry
Industry Median: 4.25 vs ASX:CD2: 12.58

Cordish Dixon Private Equity Fund II Return-on-Tangible-Asset Historical Data

The historical data trend for Cordish Dixon Private Equity Fund II'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.

Cordish Dixon Private Equity Fund II Return-on-Tangible-Asset Chart

Cordish Dixon Private Equity Fund II Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.58 18.79 -2.41 11.75 0.25

Cordish Dixon Private Equity Fund II Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Mar25
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 Premium Member Only Premium Member Only Premium Member Only 17.71 -24.05 28.15 -5.47 -

Competitive Comparison of Cordish Dixon Private Equity Fund II's Return-on-Tangible-Asset

For the Asset Management subindustry, Cordish Dixon Private Equity Fund II'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.


Cordish Dixon Private Equity Fund II's Return-on-Tangible-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cordish Dixon Private Equity Fund II's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Cordish Dixon Private Equity Fund II's Return-on-Tangible-Asset falls into.


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Cordish Dixon Private Equity Fund II Return-on-Tangible-Asset Calculation

Cordish Dixon Private Equity Fund II's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=0.208/( (87.398+79.154)/ 2 )
=0.208/83.276
=0.25 %

Cordish Dixon Private Equity Fund II's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Sep. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Sep. 2023 )(Q: Mar. 2024 )
=-4.932/( (92.947+87.398)/ 2 )
=-4.932/90.1725
=-5.47 %

* 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 (Mar. 2024) net income data.


Cordish Dixon Private Equity Fund II  (ASX:CD2) 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.


Cordish Dixon Private Equity Fund II Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Cordish Dixon Private Equity Fund II's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Cordish Dixon Private Equity Fund II Business Description

Traded in Other Exchanges
N/A
Address
101 Collins Street, Level 44, Melbourne, VIC, AUS, 3000
Cordish Dixon Private Equity Fund II invests in small-to-mid-sized private investment funds and privately held companies predominantly focused in the United States. It invests in various industries such as healthcare, business services, consumer products and services, manufacturing, software & technology, etc.

Cordish Dixon Private Equity Fund II Headlines

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