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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. Redwood Monthlyome Fund's annualizedNet Income for the quarter that ended in Dec. 2017 was $11.43 Mil. Redwood Monthlyome Fund's average total tangible assets for the quarter that ended in Dec. 2017 was $113.61 Mil. Therefore, Redwood Monthlyome Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2017 was 10.06%.
The historical rank and industry rank for Redwood Monthlyome Fund's Return-on-Tangible-Asset or its related term are showing as below:
BVPIF's Return-on-Tangible-Asset is not ranked *
in the Asset Management industry.
Industry Median: 4.25 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Redwood Monthlyome Fund (OTCPK:BVPIF) 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.
Redwood Monthlyome Fund Return-on-Tangible-Asset Related Terms
Redwood Monthlyome Fund Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Redwood Monthlyome Fund'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.
Redwood Monthlyome Fund Return-on-Tangible-Asset Chart
BVPIF vs MDLY, GARS, ICMB: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Redwood Monthlyome Fund'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.
Redwood Monthlyome Fund Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Redwood Monthlyome Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Redwood Monthlyome Fund'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 (Dec. 2017) net income data.
What does a Return-on-Tangible-Asset of 10.06% mean?
Redwood Monthlyome Fund (BVPIF) has a Return-on-Tangible-Asset of 10.06% as of Dec. 2017. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Redwood Monthlyome Fund and its competitors.
Is Redwood Monthlyome Fund's Return-on-Tangible-Asset too high?
Redwood Monthlyome Fund's current Return-on-Tangible-Asset is 10.06%. The Asset Management industry median Return-on-Tangible-Asset is 4.25. Redwood Monthlyome Fund's value of 10.06% is 136.7% above this industry median.
How does Redwood Monthlyome Fund's Return-on-Tangible-Asset compare to MDLY and GARS?
Redwood Monthlyome Fund's Return-on-Tangible-Asset of 10.06% can be compared against companies in the Asset Management industry. The industry median Return-on-Tangible-Asset is 4.25. Redwood Monthlyome Fund's value of 10.06% is 136.7% above this benchmark. 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 4.25, based on 1,633 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. Redwood Monthlyome Fund's current Return-on-Tangible-Asset of 10.06% is 136.7% above the industry median. 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 Redwood Monthlyome Fund and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Redwood Monthlyome Fund's current Return-on-Tangible-Asset is 10.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Redwood Monthlyome Fund stock overvalued right now?
Redwood Monthlyome Fund (BVPIF) has a current Return-on-Tangible-Asset of 10.06%. The current Return-on-Tangible-Asset is 10.06% and 136.7% above the Asset Management industry median of 4.25. 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 Redwood Monthlyome Fund (BVPIF), the current Return-on-Tangible-Asset is 10.06% as of Dec. 2017. 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.
Redwood Monthly Income Fund is a closed-end investment trust. Its investment objectives are to provide Unitholders with the benefits of a high level of monthly income, together with the opportunity for capital appreciation. The Fund seeks to achieve its Investment Objectives through active asset and sector allocation and by investing in those income-producing securities that the Sub-Advisor believes represent the weighting to achieve the Investment Objectives. The Fund has exposure to a diversified portfolio consisting of income-producing securities, including but not limited to income trusts, dividend-paying common shares, convertible debt, preferred shares and investment-grade fixed income investments.
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