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Invesco Asia Dragon TrustLSE:IAD +0.52%39 Return-on-Tangible-Asset is 55.54% as of Oct. 2025, which is 7021% above its 10-year median of 0.78. GuruFocus rates LSE:IAD with a GF Score™ of 39/100. The stock has 3 warning signs investors should review. Among 1,636 Asset Management companies, Invesco Asia Dragon Trust ranks better than 94.01% on this metric.
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. Invesco Asia Dragon Trust's annualizedNet Income for the quarter that ended in Oct. 2025 was £490.2 Mil. Invesco Asia Dragon Trust's average total tangible assets for the quarter that ended in Oct. 2025 was £882.5 Mil. Therefore, Invesco Asia Dragon Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Oct. 2025 was 55.54%.
The historical rank and industry rank for Invesco Asia Dragon Trust's Return-on-Tangible-Asset or its related term are showing as below:
LSE:IAD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.01 Med: 0.78 Max: 43.3
Current: 30.57
During the past 13 years, Invesco Asia Dragon Trust's highest Return-on-Tangible-Asset was 43.30%. The lowest was -11.01%. And the median was 0.78%.
LSE:IAD's Return-on-Tangible-Asset is ranked better than 94.01% of 1636
companies
in the Asset Management industry
Industry Median: 4.235
vs LSE:IAD: 30.57
Invesco Asia Dragon Trust (LSE:IAD) 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.
Invesco Asia Dragon Trust Return-on-Tangible-Asset Related Terms
Invesco Asia Dragon Trust Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Invesco Asia Dragon 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.
Invesco Asia Dragon Trust Return-on-Tangible-Asset Chart
LSE:IAD vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Invesco Asia Dragon 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.
Invesco Asia Dragon Trust Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Invesco Asia Dragon Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Invesco Asia Dragon Trust'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 (Oct. 2025) net income data.
What does a Return-on-Tangible-Asset of 55.54% mean?
Invesco Asia Dragon Trust (LSE:IAD) has a Return-on-Tangible-Asset of 55.54% as of Oct. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Invesco Asia Dragon Trust and its competitors. This is 7021% above median its historical median of 0.78. According to the industry distribution chart, Invesco Asia Dragon Trust ranks #98 out of 1636 companies in the Asset Management industry, placing it in the top 6%.
Is Invesco Asia Dragon Trust's Return-on-Tangible-Asset too high?
Invesco Asia Dragon Trust's current Return-on-Tangible-Asset of 55.54% is 7021% above median its 10-year median of 0.78. The Asset Management industry median Return-on-Tangible-Asset is 4.24. Invesco Asia Dragon Trust's value of 55.54% is 1211.5% above this industry median. Based on the distribution chart, Invesco Asia Dragon Trust ranks #98 out of 1636 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Invesco Asia Dragon Trust has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Invesco Asia Dragon Trust's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Invesco Asia Dragon Trust ranks #98 out of 1636 companies for Return-on-Tangible-Asset. This places Invesco Asia Dragon Trust in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.24. Invesco Asia Dragon Trust's value of 55.54% is 1211.5% above this benchmark. While the company's 10-year median is 0.78 vs. the industry median of 4.24, Invesco Asia Dragon Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.24, based on 1,636 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Invesco Asia Dragon Trust's current Return-on-Tangible-Asset of 55.54% is 1211.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Invesco Asia Dragon Trust and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Invesco Asia Dragon Trust's current Return-on-Tangible-Asset is 55.54%, which is 7021% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invesco Asia Dragon Trust stock overvalued right now?
Invesco Asia Dragon Trust (LSE:IAD) has a current Return-on-Tangible-Asset of 55.54%. The current Return-on-Tangible-Asset is 55.54%, which is 7021% above median its 10-year median of 0.78 and 1211.5% above the Asset Management industry median of 4.24. Invesco Asia Dragon Trust's overall GF Score™ is 39/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Invesco Asia Dragon Trust (LSE:IAD), the current Return-on-Tangible-Asset is 55.54% as of Oct. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Invesco Asia Dragon Trust PLC is a United Kingdom-based investment company. The business of the Company is to invest shareholders' funds with the spreading investment risk and generating sustainable and long-term returns for shareholders. The Company's purpose is to provide shareholders with long-term capital growth and income by investing in a diversified portfolio of Asian and Australasian companies. The company invests in Food, Beverage, and Tobacco, Real Estate, Banks, Automobiles and Components, Capital Goods, Insurance, Technology Hardware and Equipment, Utilities, and other sectors.
39GF Score
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