What is Global Opportunities 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. Global Opportunities Trust's annualizedNet Income for the quarter that ended in Dec. 2024 was £2.80 Mil. Global Opportunities Trust's average total tangible assets for the quarter that ended in Dec. 2024 was £109.56 Mil. Therefore, Global Opportunities Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 2.55%.
The historical rank and industry rank for Global Opportunities Trust's Return-on-Tangible-Asset or its related term are showing as below:
CHIX:GOTl'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.41 Med: 4.22 Max: 23.22
Current: 4
During the past 13 years, Global Opportunities Trust's highest Return-on-Tangible-Asset was 23.22%. The lowest was -7.41%. And the median was 4.22%.
CHIX:GOTl's Return-on-Tangible-Asset is ranked worse than 50.98% of 1683
companies
in the Asset Management industry
Industry Median: 4.25
vs CHIX:GOTl: 4.00
Global Opportunities Trust 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.
* Premium members only.
Global Opportunities Trust Return-on-Tangible-Asset Chart
Competitive Comparison of Global Opportunities Trust's Return-on-Tangible-Asset
For the Asset Management subindustry, Global Opportunities 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.
Global Opportunities Trust's Return-on-Tangible-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Global Opportunities Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Global Opportunities Trust'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. 2024) net income data.
Global Opportunities Trust (CHIX:GOTl) 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.
Global Opportunities Trust Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Global Opportunities Trust's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Opportunities Trust PLC is a UK-based investment trust company. The company's investment objective is to provide Shareholders with an attractive real long-term total return by investing globally in undervalued securities. It mainly invests in a focused portfolio of approximately 30 to 40 securities of issuers across the world, in quoted equities and unquoted securities. Its portfolio also includes debt instruments, cash, or cash equivalents to manage the risk and maintain liquidity. The company may purchase derivatives or use a gearing mechanism for efficient portfolio management and to enhance long-term returns to shareholders. Its revenue mainly comprises of interest and dividend income.
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