The historical rank and industry rank for JPMorgan Mid Cap Investment Trust's Return-on-Tangible-Asset or its related term are showing as below:
LSE:JMF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -31.46 Med: 9.89 Max: 34.77
Current: 5.9
During the past 13 years, JPMorgan Mid Cap Investment Trust's highest Return-on-Tangible-Asset was 34.77%. The lowest was -31.46%. And the median was 9.89%.
LSE:JMF's Return-on-Tangible-Asset is not ranked
in the Asset Management industry.
Industry Median: 3.075
vs LSE:JMF: 5.90
JPMorgan Mid Cap Investment Trust 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.
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JPMorgan Mid Cap Investment Trust Return-on-Tangible-Asset Chart
Competitive Comparison of JPMorgan Mid Cap Investment Trust's Return-on-Tangible-Asset
For the Asset Management subindustry, JPMorgan Mid Cap Investment 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.
JPMorgan Mid Cap Investment Trust's Return-on-Tangible-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, JPMorgan Mid Cap Investment Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where JPMorgan Mid Cap Investment Trust's Return-on-Tangible-Asset falls into.
JPMorgan Mid Cap Investment Trust Return-on-Tangible-Asset Calculation
JPMorgan Mid Cap Investment Trust's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2023 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 two times the semi-annual (Jun. 2023) net income data.
JPMorgan Mid Cap Investment Trust (LSE:JMF) 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.
JPMorgan Mid Cap Investment Trust Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of JPMorgan Mid Cap Investment Trust's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
JPMorgan Mid Cap Investment Trust (LSE:JMF) Business Description
JPMorgan Mid Cap Investment Trust PLC is an investment trust. It generates revenue from its business of long and short-term borrowings, to achieve capital growth. For this purpose, it invests in medium-sized companies that fall under the London Stock Exchange (FTSE) 250 companies. The trust's core objective is to provide its shareholders a steady pattern of dividend payments by generating returns from investment across varied sectors such as consumer services, financials, industrials, technology, consumer goods, basic materials, healthcare, oil and gas, telecommunications, and utilities.
JPMorgan Mid Cap Investment Trust (LSE:JMF) Headlines
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