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ProVen VCT (LSE:PVN) Return-on-Tangible-Asset : -1.13% (As of Feb. 2023)


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What is ProVen VCT 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. ProVen VCT's annualized Net Income for the quarter that ended in Feb. 2023 was £-1.84 Mil. ProVen VCT's average total tangible assets for the quarter that ended in Feb. 2023 was £162.57 Mil. Therefore, ProVen VCT's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2023 was -1.13%.

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

LSE:PVN' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.1   Med: 5.11   Max: 12.49
Current: -8.34

During the past 13 years, ProVen VCT's highest Return-on-Tangible-Asset was 12.49%. The lowest was -12.10%. And the median was 5.11%.

LSE:PVN's Return-on-Tangible-Asset is ranked worse than
86.47% of 1693 companies
in the Asset Management industry
Industry Median: 4.35 vs LSE:PVN: -8.34

ProVen VCT Return-on-Tangible-Asset Historical Data

The historical data trend for ProVen VCT'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.

ProVen VCT Return-on-Tangible-Asset Chart

ProVen VCT Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.10 12.32 7.70 -8.88 4.99

ProVen VCT Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Feb24
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 8.50 6.45 -16.58 -1.13 -

Competitive Comparison of ProVen VCT's Return-on-Tangible-Asset

For the Asset Management subindustry, ProVen VCT'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.


ProVen VCT's Return-on-Tangible-Asset Distribution in the Asset Management Industry

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

* The bar in red indicates where ProVen VCT's Return-on-Tangible-Asset falls into.



ProVen VCT Return-on-Tangible-Asset Calculation

ProVen VCT's annualized Return-on-Tangible-Asset for the fiscal year that ended in Feb. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Feb. 2024 )  (A: Feb. 2023 )(A: Feb. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Feb. 2024 )  (A: Feb. 2023 )(A: Feb. 2024 )
=8.28/( (162.523+169.175)/ 2 )
=8.28/165.849
=4.99 %

ProVen VCT's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Feb. 2023 )  (Q: Aug. 2022 )(Q: Feb. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Feb. 2023 )  (Q: Aug. 2022 )(Q: Feb. 2023 )
=-1.844/( (162.607+162.523)/ 2 )
=-1.844/162.565
=-1.13 %

* 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 (Feb. 2023) net income data.


ProVen VCT  (LSE:PVN) 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.


ProVen VCT Return-on-Tangible-Asset Related Terms

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ProVen VCT Business Description

Traded in Other Exchanges
N/A
Address
55 Drury Lane, Charter House, London, GBR, WC2B 5SQ
ProVen VCT PLC is a United Kingdom-based venture capital trust. Its investment objectives are to achieve a total return greater than that available from direct investment in quoted businesses by investing in a portfolio of carefully selected qualifying investments in small and medium-sized unquoted companies with excellent growth prospects and a portfolio of non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt-related securities in growth companies and non-qualifying venture capital investments.

ProVen VCT Headlines

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