The historical rank and industry rank for Morgan Stanley India Investment Fund,'s Return-on-Tangible-Asset or its related term are showing as below:
IIF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -22.7 Med: 10.14 Max: 30.94
Current: 19.08
During the past 8 years, Morgan Stanley India Investment Fund,'s highest Return-on-Tangible-Asset was 30.94%. The lowest was -22.70%. And the median was 10.14%.
IIF's Return-on-Tangible-Asset is ranked better than 88.84% of 1684
companies
in the Asset Management industry
Industry Median: 5.31
vs IIF: 19.08
Morgan Stanley India Investment Fund, 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.
Morgan Stanley India Investment Fund, Return-on-Tangible-Asset Chart
Competitive Comparison of Morgan Stanley India Investment Fund,'s Return-on-Tangible-Asset
For the Asset Management subindustry, Morgan Stanley India Investment 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.
Morgan Stanley India Investment Fund,'s Return-on-Tangible-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Morgan Stanley India Investment Fund,'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Morgan Stanley India Investment Fund,'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.
Morgan Stanley India Investment Fund, (NYSE:IIF) 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.
Morgan Stanley India Investment Fund, Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Morgan Stanley India Investment Fund,'s Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Morgan Stanley India Investment Fund, Business Description
Morgan Stanley India Investment Fund, Inc. is the United States based non-diversified, closed-end management investment company. Its investment objective is to achieve long-term capital appreciation through investment in equity securities of Indian Issuers. The company's portfolio of investments consists of the investment in different sectors such as auto components, banks, capital markets, construction and engineering, pharmaceuticals and others.
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