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EDF (Virtus Stone Harbor Emerging Marketsome Fund) Return-on-Tangible-Asset : 13.29% (As of Nov. 2024)


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What is Virtus Stone Harbor Emerging Marketsome 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. Virtus Stone Harbor Emerging Marketsome Fund's annualized Net Income for the quarter that ended in Nov. 2024 was $24.75 Mil. Virtus Stone Harbor Emerging Marketsome Fund's average total tangible assets for the quarter that ended in Nov. 2024 was $186.21 Mil. Therefore, Virtus Stone Harbor Emerging Marketsome Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2024 was 13.29%.

The historical rank and industry rank for Virtus Stone Harbor Emerging Marketsome Fund's Return-on-Tangible-Asset or its related term are showing as below:

EDF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -16.08   Med: 2.11   Max: 22.58
Current: 20.96

During the past 8 years, Virtus Stone Harbor Emerging Marketsome Fund's highest Return-on-Tangible-Asset was 22.58%. The lowest was -16.08%. And the median was 2.11%.

EDF's Return-on-Tangible-Asset is ranked better than
91.45% of 1684 companies
in the Asset Management industry
Industry Median: 4.23 vs EDF: 20.96

Virtus Stone Harbor Emerging Marketsome Fund Return-on-Tangible-Asset Historical Data

The historical data trend for Virtus Stone Harbor Emerging Marketsome 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.

Virtus Stone Harbor Emerging Marketsome Fund Return-on-Tangible-Asset Chart

Virtus Stone Harbor Emerging Marketsome Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Return-on-Tangible-Asset
Get a 7-Day Free Trial -4.56 0.63 -16.08 13.14 22.58

Virtus Stone Harbor Emerging Marketsome Fund 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 -14.12 5.44 22.17 29.68 13.29

Competitive Comparison of Virtus Stone Harbor Emerging Marketsome Fund's Return-on-Tangible-Asset

For the Asset Management subindustry, Virtus Stone Harbor Emerging Marketsome 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.


Virtus Stone Harbor Emerging Marketsome Fund's Return-on-Tangible-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Stone Harbor Emerging Marketsome Fund's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Virtus Stone Harbor Emerging Marketsome Fund's Return-on-Tangible-Asset falls into.


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Virtus Stone Harbor Emerging Marketsome Fund Return-on-Tangible-Asset Calculation

Virtus Stone Harbor Emerging Marketsome Fund'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 )
=32.646/( (94.942+194.17)/ 2 )
=32.646/144.556
=22.58 %

Virtus Stone Harbor Emerging Marketsome Fund'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 )
=24.746/( (178.254+194.17)/ 2 )
=24.746/186.212
=13.29 %

* 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.


Virtus Stone Harbor Emerging Marketsome Fund  (NYSE:EDF) 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.


Virtus Stone Harbor Emerging Marketsome Fund Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Virtus Stone Harbor Emerging Marketsome Fund's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Virtus Stone Harbor Emerging Marketsome Fund Business Description

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301-9683
Virtus Stone Harbor Emerging Markets Income Fund is a closed-end management investment company. Its investment objective is to maximize total return, which consists of income from its investments and capital appreciation. The Fund normally will invest at least 80% of its net assets (plus any borrowings for investment purposes) in emerging markets securities.
Executives
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
Donald C Burke director C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
John R Mallin director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond director 100 N BROADWAY, OKLAHOMA CITY OK 73102
George R Aylward director, officer: President and CEO C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Bradley William Patrick Iii officer: EVP, CFO and Treasurer C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
Sidney E Harris director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
Geraldine M Mcnamara director 150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Philip R Mcloughlin director 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
Sarah E Cogan director 1633 BROADWAY, NEW YORK NY 10019
Heath B Mclendon other: Trustee