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Merchants Trust (The) (CHIX:MRCHL) Return-on-Tangible-Asset : -2.31% (As of Jan. 2025)


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What is Merchants Trust (The) 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. Merchants Trust (The)'s annualized Net Income for the quarter that ended in Jan. 2025 was £-22.6 Mil. Merchants Trust (The)'s average total tangible assets for the quarter that ended in Jan. 2025 was £974.6 Mil. Therefore, Merchants Trust (The)'s annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2025 was -2.31%.

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

CHIX:MRCHl' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.99   Med: 7.77   Max: 24.54
Current: 10.98

During the past 13 years, Merchants Trust (The)'s highest Return-on-Tangible-Asset was 24.54%. The lowest was -9.99%. And the median was 7.77%.

CHIX:MRCHl's Return-on-Tangible-Asset is ranked better than
75.89% of 1684 companies
in the Asset Management industry
Industry Median: 4.23 vs CHIX:MRCHl: 10.98

Merchants Trust (The) Return-on-Tangible-Asset Historical Data

The historical data trend for Merchants Trust (The)'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.

Merchants Trust (The) Return-on-Tangible-Asset Chart

Merchants Trust (The) Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.99 24.54 4.57 -3.32 11.14

Merchants Trust (The) Semi-Annual Data
Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25
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 Premium Member Only Premium Member Only 9.02 -5.18 -1.50 24.63 -2.31

Competitive Comparison of Merchants Trust (The)'s Return-on-Tangible-Asset

For the Asset Management subindustry, Merchants Trust (The)'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.


Merchants Trust (The)'s Return-on-Tangible-Asset Distribution in the Asset Management Industry

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

* The bar in red indicates where Merchants Trust (The)'s Return-on-Tangible-Asset falls into.


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Merchants Trust (The) Return-on-Tangible-Asset Calculation

Merchants Trust (The)'s annualized Return-on-Tangible-Asset for the fiscal year that ended in Jan. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jan. 2025 )  (A: Jan. 2024 )(A: Jan. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jan. 2025 )  (A: Jan. 2024 )(A: Jan. 2025 )
=104.273/( (899.477+972.009)/ 2 )
=104.273/935.743
=11.14 %

Merchants Trust (The)'s annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jan. 2025 )  (Q: Jul. 2024 )(Q: Jan. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jan. 2025 )  (Q: Jul. 2024 )(Q: Jan. 2025 )
=-22.554/( (977.158+972.009)/ 2 )
=-22.554/974.5835
=-2.31 %

* 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 (Jan. 2025) net income data.


Merchants Trust (The)  (CHIX:MRCHl) 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.


Merchants Trust (The) Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Merchants Trust (The)'s Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Merchants Trust (The) Business Description

Traded in Other Exchanges
Address
199 Bishopsgate, London, GBR, EC2M 3TY
Merchants Trust (The) PLC is an investment trust. Its objective is to provide an above-average level of income and income growth together with long-term capital growth through a policy of investing mainly in higher-yielding large UK companies. Its performance is benchmarked against the FTSE All-Share Index.

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