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Aberforth Gearedome Trust (LSE:AGIZ.PFD) Return-on-Tangible-Asset : 30.09% (As of Dec. 2016)


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What is Aberforth Gearedome Trust 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. Aberforth Gearedome Trust's annualized Net Income for the quarter that ended in Dec. 2016 was £101.52 Mil. Aberforth Gearedome Trust's average total tangible assets for the quarter that ended in Dec. 2016 was £337.41 Mil. Therefore, Aberforth Gearedome Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2016 was 30.09%.

The historical rank and industry rank for Aberforth Gearedome Trust's Return-on-Tangible-Asset or its related term are showing as below:

LSE:AGIZ.PFD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.47   Med: 12.28   Max: 24.11
Current: 4.99

During the past 6 years, Aberforth Gearedome Trust's highest Return-on-Tangible-Asset was 24.11%. The lowest was -10.47%. And the median was 12.28%.

LSE:AGIZ.PFD's Return-on-Tangible-Asset is not ranked
in the Asset Management industry.
Industry Median: 4.66 vs LSE:AGIZ.PFD: 4.99

Aberforth Gearedome Trust Return-on-Tangible-Asset Historical Data

The historical data trend for Aberforth Gearedome Trust'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.

Aberforth Gearedome Trust Return-on-Tangible-Asset Chart

Aberforth Gearedome Trust Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun15 Jun16
Return-on-Tangible-Asset
Get a 7-Day Free Trial -2.41 24.11 23.16 12.21 -10.47

Aberforth Gearedome Trust Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -4.26 28.81 -0.70 -20.40 30.09

Competitive Comparison of Aberforth Gearedome Trust's Return-on-Tangible-Asset

For the Asset Management subindustry, Aberforth Gearedome Trust'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.


Aberforth Gearedome Trust's Return-on-Tangible-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Aberforth Gearedome Trust's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Aberforth Gearedome Trust's Return-on-Tangible-Asset falls into.


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Aberforth Gearedome Trust Return-on-Tangible-Asset Calculation

Aberforth Gearedome Trust's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2016 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2016 )  (A: Jun. 2015 )(A: Jun. 2016 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2016 )  (A: Jun. 2015 )(A: Jun. 2016 )
=-34.979/( (353.59+314.424)/ 2 )
=-34.979/334.007
=-10.47 %

Aberforth Gearedome Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2016 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2016 )  (Q: Jun. 2016 )(Q: Dec. 2016 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2016 )  (Q: Jun. 2016 )(Q: Dec. 2016 )
=101.516/( (314.424+360.403)/ 2 )
=101.516/337.4135
=30.09 %

* 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. 2016) net income data.


Aberforth Gearedome Trust  (LSE:AGIZ.PFD) 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.


Aberforth Gearedome Trust Return-on-Tangible-Asset Related Terms

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Aberforth Gearedome Trust Business Description

Traded in Other Exchanges
N/A
Address
Aberforth Geared Income Trust PLC is the United Kingdom based split capital investment trust which is managed by Aberforth Partners LLP. It has two classes of shares; Ordinary Shares and Zero Dividend Preference Shares. The Trust invests in a diversified portfolio of small the United Kingdom quoted companies listed on the London Stock Exchange, thereby proving its ordinary shareholders with the potential for high income and capital growth. Its zero dividend preference shareholders are provided pre-determined final capital. Aberforth invests across various sectors, including oil and gas, chemicals, mining, construction and materials, aerospace and defense, general industrials, electronic and electrical equipment, and industrial transportation.

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