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Bellevue Healthcare Trust (CHIX:BBHL) Return-on-Tangible-Asset : 9.07% (As of Nov. 2024)


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What is Bellevue Healthcare Trust 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. Bellevue Healthcare Trust's annualized Net Income for the quarter that ended in Nov. 2024 was £63.45 Mil. Bellevue Healthcare Trust's average total tangible assets for the quarter that ended in Nov. 2024 was £699.76 Mil. Therefore, Bellevue Healthcare Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2024 was 9.07%.

The historical rank and industry rank for Bellevue Healthcare Trust's Return-on-Tangible-Asset or its related term are showing as below:

CHIX:BBHl' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.75   Med: 9.37   Max: 20.58
Current: 10.02

During the past 8 years, Bellevue Healthcare Trust's highest Return-on-Tangible-Asset was 20.58%. The lowest was -12.75%. And the median was 9.37%.

CHIX:BBHl's Return-on-Tangible-Asset is ranked better than
72.53% of 1682 companies
in the Asset Management industry
Industry Median: 4.255 vs CHIX:BBHl: 10.02

Bellevue Healthcare Trust Return-on-Tangible-Asset Historical Data

The historical data trend for Bellevue Healthcare Trust'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.

Bellevue Healthcare Trust Return-on-Tangible-Asset Chart

Bellevue Healthcare Trust Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Return-on-Tangible-Asset
Get a 7-Day Free Trial 20.58 8.90 -3.76 -12.75 9.83

Bellevue Healthcare Trust Semi-Annual Data
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 26.82 -9.60 -16.64 11.09 9.07

Competitive Comparison of Bellevue Healthcare Trust's Return-on-Tangible-Asset

For the Asset Management subindustry, Bellevue Healthcare Trust'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.


Bellevue Healthcare Trust's Return-on-Tangible-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bellevue Healthcare Trust's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Bellevue Healthcare Trust's Return-on-Tangible-Asset falls into.


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Bellevue Healthcare Trust Return-on-Tangible-Asset Calculation

Bellevue Healthcare Trust'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 )
=73.734/( (808.003+691.885)/ 2 )
=73.734/749.944
=9.83 %

Bellevue Healthcare Trust'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 )
=63.448/( (707.629+691.885)/ 2 )
=63.448/699.757
=9.07 %

* 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.


Bellevue Healthcare Trust  (CHIX:BBHl) 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.


Bellevue Healthcare Trust Return-on-Tangible-Asset Related Terms

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Bellevue Healthcare Trust Business Description

Traded in Other Exchanges
Address
32 London Bridge Street, 24th Floor, London, GBR, SE1 9SG
Bellevue Healthcare Trust PLC is a closed-end investment company. Its investment objective is to provide shareholders with long-term capital growth and income through investments in publicly listed healthcare companies. The company may also invest in American Depositary Receipts (ADRs) or convertible securities issued by such companies and may participate in or underwrite future equity offerings from these companies.

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