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. JMP Group LLC's annualizedNet Income for the quarter that ended in Sep. 2021 was $87.3 Mil. JMP Group LLC's average total tangible assets for the quarter that ended in Sep. 2021 was $232.9 Mil. Therefore, JMP Group LLC's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2021 was 37.47%.
The historical rank and industry rank for JMP Group LLC's Return-on-Tangible-Asset or its related term are showing as below:
JMP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.99 Med: -0.1 Max: 15.66
Current: 15.66
During the past 13 years, JMP Group LLC's highest Return-on-Tangible-Asset was 15.66%. The lowest was -1.99%. And the median was -0.10%.
JMP's Return-on-Tangible-Asset is not ranked
in the Capital Markets industry.
Industry Median: 1.37
vs JMP: 15.66
JMP Group LLC Return-on-Tangible-Asset Historical Data
The historical data trend for JMP Group LLC'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.
Competitive Comparison of JMP Group LLC's Return-on-Tangible-Asset
For the Capital Markets subindustry, JMP Group LLC'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.
JMP Group LLC's Return-on-Tangible-Asset Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, JMP Group LLC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where JMP Group LLC's Return-on-Tangible-Asset falls into.
JMP Group LLC Return-on-Tangible-Asset Calculation
JMP Group LLC's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2020 is calculated as:
* 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 (Sep. 2021) net income data.
JMP Group LLC (NYSE:JMP) 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.
JMP Group LLC Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of JMP Group LLC's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
JMP Group LLC (JMP Group LLC) Business Description
JMP Group LLC is an investment bank that focuses its investment banking and equity research services on small and middle-market firms in five industries: consumer, financial services, health care, real estate, and technology. JMP provides capital raising, financial advisory, sales and trading, and equity research services. JMP also manages more than $1 billion of assets through its hedge funds and collateralized loan obligation management business.
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