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GCP Asset Backedome Fund (CHIX:GABIL) Return-on-Tangible-Asset : -11.43% (As of Dec. 2024)


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What is GCP Asset Backedome Fund 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. GCP Asset Backedome Fund's annualized Net Income for the quarter that ended in Dec. 2024 was £-24.07 Mil. GCP Asset Backedome Fund's average total tangible assets for the quarter that ended in Dec. 2024 was £210.55 Mil. Therefore, GCP Asset Backedome Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -11.43%.

The historical rank and industry rank for GCP Asset Backedome Fund's Return-on-Tangible-Asset or its related term are showing as below:

CHIX:GABIl' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.79   Med: 5.04   Max: 6.58
Current: -3.79

During the past 9 years, GCP Asset Backedome Fund's highest Return-on-Tangible-Asset was 6.58%. The lowest was -3.79%. And the median was 5.04%.

CHIX:GABIl's Return-on-Tangible-Asset is ranked worse than
82.24% of 1684 companies
in the Asset Management industry
Industry Median: 4.23 vs CHIX:GABIl: -3.79

GCP Asset Backedome Fund Return-on-Tangible-Asset Historical Data

The historical data trend for GCP Asset Backedome 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.

* Premium members only.

GCP Asset Backedome Fund Return-on-Tangible-Asset Chart

GCP Asset Backedome Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only 5.96 3.28 1.70 4.33 -3.59

GCP Asset Backedome Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 -1.13 3.56 4.85 1.06 -11.43

Competitive Comparison of GCP Asset Backedome Fund's Return-on-Tangible-Asset

For the Asset Management subindustry, GCP Asset Backedome 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.


GCP Asset Backedome Fund's Return-on-Tangible-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GCP Asset Backedome Fund's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where GCP Asset Backedome Fund's Return-on-Tangible-Asset falls into.


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GCP Asset Backedome Fund Return-on-Tangible-Asset Calculation

GCP Asset Backedome Fund's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=-10.342/( (398.111+178.172)/ 2 )
=-10.342/288.1415
=-3.59 %

GCP Asset Backedome Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=-24.07/( (242.919+178.172)/ 2 )
=-24.07/210.5455
=-11.43 %

* 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. 2024) net income data.


GCP Asset Backedome Fund  (CHIX:GABIl) 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.


GCP Asset Backedome Fund Return-on-Tangible-Asset Related Terms

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GCP Asset Backedome Fund Business Description

Traded in Other Exchanges
Address
IFC 5, Saint Helier, JEY, JE1 1ST
GCP Asset Backed Income Fund Ltd is a closed-ended investment company. Its objective is to generate risk-adjusted returns through regular, growing distributions and modest capital appreciation over the long term. It provides investors with exposure to a portfolio of United Kingdom-based asset-backed loans secured against cash flows or physical assets. The company invests in a diversified portfolio of fixed and floating-rate loans secured against physical assets, which have contracted, predictable medium-to-long-term cash flows. It invests in various sectors, which include asset finance, property, energy and infrastructure, and social infrastructure among others.

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