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Schroder British Opportunities Trust (LSE:SBO) Return-on-Tangible-Asset : -4.75% (As of Sep. 2024)


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What is Schroder British Opportunities 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. Schroder British Opportunities Trust's annualized Net Income for the quarter that ended in Sep. 2024 was £-3.93 Mil. Schroder British Opportunities Trust's average total tangible assets for the quarter that ended in Sep. 2024 was £82.75 Mil. Therefore, Schroder British Opportunities Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -4.75%.

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

LSE:SBO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.43   Med: 2.44   Max: 2.47
Current: 2.47

During the past 3 years, Schroder British Opportunities Trust's highest Return-on-Tangible-Asset was 2.47%. The lowest was 2.43%. And the median was 2.44%.

LSE:SBO's Return-on-Tangible-Asset is ranked worse than
59% of 1683 companies
in the Asset Management industry
Industry Median: 4.21 vs LSE:SBO: 2.47

Schroder British Opportunities Trust Return-on-Tangible-Asset Historical Data

The historical data trend for Schroder British Opportunities 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.

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Schroder British Opportunities Trust Return-on-Tangible-Asset Chart

Schroder British Opportunities Trust Annual Data
Trend Jun21 Mar23 Mar24
Return-on-Tangible-Asset
- 2.45 2.43

Schroder British Opportunities Trust Semi-Annual Data
Jun21 Dec21 Sep22 Mar23 Sep23 Mar24 Sep24
Return-on-Tangible-Asset Get a 7-Day Free Trial -6.97 12.22 -4.86 9.73 -4.75

Competitive Comparison of Schroder British Opportunities Trust's Return-on-Tangible-Asset

For the Asset Management subindustry, Schroder British Opportunities 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.


Schroder British Opportunities Trust's Return-on-Tangible-Asset Distribution in the Asset Management Industry

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

* The bar in red indicates where Schroder British Opportunities Trust's Return-on-Tangible-Asset falls into.


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Schroder British Opportunities Trust Return-on-Tangible-Asset Calculation

Schroder British Opportunities Trust's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=2.016/( (82.038+83.897)/ 2 )
=2.016/82.9675
=2.43 %

Schroder British Opportunities Trust'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: Mar. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=-3.928/( (83.897+81.607)/ 2 )
=-3.928/82.752
=-4.75 %

* 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.


Schroder British Opportunities Trust  (LSE:SBO) 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.


Schroder British Opportunities Trust Return-on-Tangible-Asset Related Terms

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Schroder British Opportunities Trust Business Description

Traded in Other Exchanges
N/A
Address
1 London Wall Place, London, GBR, EC2Y 5AU
Schroder British Opportunities Trust PLC is an asset management company. Its investment objective is to deliver long-term total returns throughout the company's life by investing in a diversified public equity and private equity portfolio of predominantly UK companies. Its portfolio predominantly consists of securities of UK companies from different sectors such as Software, IT services, Insurance, Hotels, Restaurants & Leisure, Health Care Technology, and others.

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