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FSEN (FS Specialty Lending Fund) Return-on-Tangible-Asset : 6.74% (As of Mar. 2025)


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What is FS Specialty Lending 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. FS Specialty Lending Fund's annualized Net Income for the quarter that ended in Mar. 2025 was $137.7 Mil. FS Specialty Lending Fund's average total tangible assets for the quarter that ended in Mar. 2025 was $2,042.4 Mil. Therefore, FS Specialty Lending Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 6.74%.

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

FSEN' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -29   Med: -1.23   Max: 19.38
Current: 5.48

During the past 11 years, FS Specialty Lending Fund's highest Return-on-Tangible-Asset was 19.38%. The lowest was -29.00%. And the median was -1.23%.

FSEN's Return-on-Tangible-Asset is ranked better than
55.26% of 1683 companies
in the Asset Management industry
Industry Median: 4.25 vs FSEN: 5.48

FS Specialty Lending Fund Return-on-Tangible-Asset Historical Data

The historical data trend for FS Specialty Lending 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.

FS Specialty Lending Fund Return-on-Tangible-Asset Chart

FS Specialty Lending Fund Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -29.00 8.54 7.35 -5.25 4.54

FS Specialty Lending Fund Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.53 8.12 2.75 4.20 6.74

Competitive Comparison of FS Specialty Lending Fund's Return-on-Tangible-Asset

For the Asset Management subindustry, FS Specialty Lending 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.


FS Specialty Lending Fund's Return-on-Tangible-Asset Distribution in the Asset Management Industry

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

* The bar in red indicates where FS Specialty Lending Fund's Return-on-Tangible-Asset falls into.


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FS Specialty Lending Fund Return-on-Tangible-Asset Calculation

FS Specialty Lending 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 )
=95.044/( (2059.557+2131.236)/ 2 )
=95.044/2095.3965
=4.54 %

FS Specialty Lending Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=137.724/( (2131.236+1953.478)/ 2 )
=137.724/2042.357
=6.74 %

* 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 four times the quarterly (Mar. 2025) net income data.


FS Specialty Lending Fund  (OTCPK:FSEN) 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.


FS Specialty Lending Fund Return-on-Tangible-Asset Related Terms

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FS Specialty Lending Fund Business Description

Traded in Other Exchanges
N/A
Address
201 Rouse Boulevard, Philadelphia, PA, USA, 19112
FS Specialty Lending Fund is a United States-based externally managed, non-diversified, closed-end management investment company. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation by investing primarily in private and public credit in a broad set of industries, sectors, and sub-sectors. Its investment policy is to invest primarily in a portfolio of secured and unsecured floating and fixed rate loans, bonds, and other types of credit instruments, which, under normal circumstances, will represent at least eighty percent of the Company's total assets.

FS Specialty Lending Fund Headlines