Cordish Dixon Private Equity Fund IIIASX:CD3 33 Return-on-Tangible-Asset is -9.40% as of Mar. 2026. GuruFocus rates ASX:CD3 with a GF Score™ of 33/100. Among 1,632 Asset Management companies, Cordish Dixon Private Equity Fund III ranks worse than 84.44% on this metric.
The historical rank and industry rank for Cordish Dixon Private Equity Fund III's Return-on-Tangible-Asset or its related term are showing as below:
ASX:CD3'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.97 Med: 14.14 Max: 35.31
Current: -6.85
During the past 9 years, Cordish Dixon Private Equity Fund III's highest Return-on-Tangible-Asset was 35.31%. The lowest was -6.97%. And the median was 14.14%.
ASX:CD3's Return-on-Tangible-Asset is ranked worse than 84.44% of 1632
companies
in the Asset Management industry
Industry Median: 4.095
vs ASX:CD3: -6.85
Cordish Dixon Private Equity Fund III (ASX:CD3) 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 companys 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 companys 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 III Return-on-Tangible-Asset Related Terms
Cordish Dixon Private Equity Fund III Return-on-Tangible-Asset Historical Data
* 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.
Cordish Dixon Private Equity Fund III Return-on-Tangible-Asset Chart
ASX:CD3 vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Cordish Dixon Private Equity Fund III'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 III Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Cordish Dixon Private Equity Fund III's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Cordish Dixon Private Equity Fund III's Return-on-Tangible-Asset 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-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. 2026) net income data.
What does a Return-on-Tangible-Asset of -9.40% mean?
Cordish Dixon Private Equity Fund III (ASX:CD3) has a Return-on-Tangible-Asset of -9.40% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Cordish Dixon Private Equity Fund III and its competitors. According to the industry distribution chart, Cordish Dixon Private Equity Fund III ranks #1378 out of 1632 companies in the Asset Management industry, placing it in the top 84.4%.
Is Cordish Dixon Private Equity Fund III's Return-on-Tangible-Asset too high?
Cordish Dixon Private Equity Fund III's current Return-on-Tangible-Asset is -9.40%. Based on the distribution chart, Cordish Dixon Private Equity Fund III ranks #1378 out of 1632 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Cordish Dixon Private Equity Fund III has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Cordish Dixon Private Equity Fund III's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Cordish Dixon Private Equity Fund III ranks #1378 out of 1632 companies for Return-on-Tangible-Asset. This places Cordish Dixon Private Equity Fund III in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.10. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.10, based on 1,632 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Cordish Dixon Private Equity Fund III and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cordish Dixon Private Equity Fund III's current Return-on-Tangible-Asset is -9.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cordish Dixon Private Equity Fund III stock overvalued right now?
Cordish Dixon Private Equity Fund III (ASX:CD3) has a current Return-on-Tangible-Asset of -9.40%. The current Return-on-Tangible-Asset is -9.40%. Cordish Dixon Private Equity Fund III's overall GF Score™ is 33/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Cordish Dixon Private Equity Fund III (ASX:CD3), the current Return-on-Tangible-Asset is -9.40% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Cordish Dixon Private Equity Fund III Business Description
Cordish Dixon Private Equity Fund III invests in small-to-mid-market private investment funds and privately held companies with a predominant focus in the United States. The objective of the Fund is to achieve capital growth over a medium- to long-term investment time horizon through exposure to a portfolio of investments in small and mid-market private investment funds and privately held companies. Its private investment funds focus on a range of industries, including health care, business services, software businesses, and food and consumer products.
33GF Score
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