/term/return-on-tangible-asset/CYS:ACT Actibond Growth Fund PCL (CYS:ACT) Return-on-Tangible-Asset
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Actibond Growth Fund PCL (CYS:ACT) » Definitions » Return-on-Tangible-Asset

Actibond Growth Fund PCL (CYS:ACT) Return-on-Tangible-Asset : 0.00% (As of . 20)


View and export this data going back to 2001. Start your Free Trial

What is Actibond Growth Fund PCL 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. Actibond Growth Fund PCL's annualized Net Income for the quarter that ended in . 20 was € Mil. Actibond Growth Fund PCL's average total tangible assets for the quarter that ended in . 20 was € Mil. Therefore, Actibond Growth Fund PCL's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 was 0.00%.

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

CYS:ACT's Return-on-Tangible-Asset is not ranked *
in the Asset Management industry.
Industry Median: 3.17
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Actibond Growth Fund PCL Return-on-Tangible-Asset Historical Data

The historical data trend for Actibond Growth Fund PCL'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.

Actibond Growth Fund PCL Return-on-Tangible-Asset Chart

Actibond Growth Fund PCL Annual Data
Trend
Return-on-Tangible-Asset

Actibond Growth Fund PCL Semi-Annual Data
Return-on-Tangible-Asset

Competitive Comparison of Actibond Growth Fund PCL's Return-on-Tangible-Asset

For the Asset Management subindustry, Actibond Growth Fund PCL'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.


Actibond Growth Fund PCL's Return-on-Tangible-Asset Distribution in the Asset Management Industry

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

* The bar in red indicates where Actibond Growth Fund PCL's Return-on-Tangible-Asset falls into.



Actibond Growth Fund PCL Return-on-Tangible-Asset Calculation

Actibond Growth Fund PCL's annualized Return-on-Tangible-Asset for the fiscal year that ended in . 20 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=/( (+)/ )
=/
= %

Actibond Growth Fund PCL's annualized Return-on-Tangible-Asset for the quarter that ended in . 20 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: . 20 )  (Q: . 20 )(Q: . 20 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: . 20 )  (Q: . 20 )(Q: . 20 )
=/( (+)/ )
=/
= %

* 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 one times the annual (. 20) net income data.


Actibond Growth Fund PCL  (CYS:ACT) 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.


Actibond Growth Fund PCL Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Actibond Growth Fund PCL's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Actibond Growth Fund PCL (CYS:ACT) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
6 Theotoki Street, Megaro Ellinas, Nicosia, CYP, 1055
Website
Actibond Growth Fund PCL is a closed-end investment fund.

Actibond Growth Fund PCL (CYS:ACT) Headlines

From GuruFocus

Enact Announces Quarterly Dividend

By Marketwired 08-15-2023

Enact Reports Second Quarter 2023 Results

By Marketwired 08-01-2023

Enact To Participate at the Bank of America 2023 Financial Services Conference

By Stock market mentor Stock market mentor 02-03-2023

Enact Receives Ratings Upgrade from Moody's

By sperokesalga sperokesalga 03-01-2023

Enact Announces Quarterly Dividend

By sperokesalga sperokesalga 02-09-2023

Enact to Host First Quarter 2022 Earnings Call May 4th

By GuruFocusNews GuruFocusNews 04-05-2022

Enact to Host Second Quarter 2022 Earnings Call August 2nd

By GuruFocusNews GuruFocusNews 07-08-2022

Enact Announces Quarterly Dividend

By PurpleRose PurpleRose 08-11-2022