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Income & Growth VCT (The) (LSE:IGV) Return-on-Tangible-Asset : 0.00% (As of Sep. 2024)


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What is Income & Growth VCT (The) 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. Income & Growth VCT (The)'s annualized Net Income for the quarter that ended in Sep. 2024 was £0.00 Mil. Income & Growth VCT (The)'s average total tangible assets for the quarter that ended in Sep. 2024 was £156.12 Mil. Therefore, Income & Growth VCT (The)'s annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 0.00%.

The historical rank and industry rank for Income & Growth VCT (The)'s Return-on-Tangible-Asset or its related term are showing as below:

LSE:IGV' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.78   Med: 5.12   Max: 41.06
Current: 0.64

During the past 13 years, Income & Growth VCT (The)'s highest Return-on-Tangible-Asset was 41.06%. The lowest was -9.78%. And the median was 5.12%.

LSE:IGV's Return-on-Tangible-Asset is ranked worse than
71.51% of 1681 companies
in the Asset Management industry
Industry Median: 4.9 vs LSE:IGV: 0.64

Income & Growth VCT (The) Return-on-Tangible-Asset Historical Data

The historical data trend for Income & Growth VCT (The)'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.

Income & Growth VCT (The) Return-on-Tangible-Asset Chart

Income & Growth VCT (The) Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.48 41.06 -9.78 4.73 0.64

Income & Growth VCT (The) Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Sep23 Sep24
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 21.80 5.10 -24.24 - -

Competitive Comparison of Income & Growth VCT (The)'s Return-on-Tangible-Asset

For the Asset Management subindustry, Income & Growth VCT (The)'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.


Income & Growth VCT (The)'s Return-on-Tangible-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Income & Growth VCT (The)'s Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Income & Growth VCT (The)'s Return-on-Tangible-Asset falls into.


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Income & Growth VCT (The) Return-on-Tangible-Asset Calculation

Income & Growth VCT (The)'s annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2024 )  (A: Sep. 2023 )(A: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2024 )  (A: Sep. 2023 )(A: Sep. 2024 )
=0.995/( (123.126+189.109)/ 2 )
=0.995/156.1175
=0.64 %

Income & Growth VCT (The)'s annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Sep. 2023 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Sep. 2023 )(Q: Sep. 2024 )
=0/( (123.126+189.109)/ 2 )
=0/156.1175
=0.00 %

* 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 (Sep. 2024) net income data.


Income & Growth VCT (The)  (LSE:IGV) 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.


Income & Growth VCT (The) Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Income & Growth VCT (The)'s Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Income & Growth VCT (The) Business Description

Traded in Other Exchanges
N/A
Address
5 New Street Square, London, GBR, EC4A 3TW
Income & Growth VCT (The) PLC operates as a venture capital trust (VCT). The company's objective is to provide investors with an attractive return by maximizing the stream of tax-free dividend distributions from the income and capital gains generated by a diverse and carefully selected portfolio of investments. It invests in a diverse portfolio of unquoted companies in the United Kingdom. The company's portfolio of investment includes various sectors such as pharmaceuticals and biotechnology, Industrial engineering, Personal goods, Healthcare equipment and services, Construction and materials, Leisure goods, General industrials, Media, Software and computer services, General retailers, and Support services.

Income & Growth VCT (The) Headlines

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