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PPT (Putnam Premierome Trust) Return-on-Tangible-Asset : 3.09% (As of Jan. 2025)


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What is Putnam Premierome 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. Putnam Premierome Trust's annualized Net Income for the quarter that ended in Jan. 2025 was $15.66 Mil. Putnam Premierome Trust's average total tangible assets for the quarter that ended in Jan. 2025 was $506.96 Mil. Therefore, Putnam Premierome Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2025 was 3.09%.

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

PPT' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.39   Med: 2.07   Max: 5.21
Current: 4.04

During the past 8 years, Putnam Premierome Trust's highest Return-on-Tangible-Asset was 5.21%. The lowest was -2.39%. And the median was 2.07%.

PPT's Return-on-Tangible-Asset is ranked worse than
50.56% of 1683 companies
in the Asset Management industry
Industry Median: 4.25 vs PPT: 4.04

Putnam Premierome Trust Return-on-Tangible-Asset Historical Data

The historical data trend for Putnam Premierome 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.

* Premium members only.

Putnam Premierome Trust Return-on-Tangible-Asset Chart

Putnam Premierome Trust Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Return-on-Tangible-Asset
Get a 7-Day Free Trial -2.39 1.66 -1.97 0.11 5.21

Putnam Premierome Trust Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25
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 0.15 0.04 5.45 4.91 3.09

Competitive Comparison of Putnam Premierome Trust's Return-on-Tangible-Asset

For the Asset Management subindustry, Putnam Premierome 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.


Putnam Premierome Trust's Return-on-Tangible-Asset Distribution in the Asset Management Industry

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

* The bar in red indicates where Putnam Premierome Trust's Return-on-Tangible-Asset falls into.


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Putnam Premierome Trust Return-on-Tangible-Asset Calculation

Putnam Premierome Trust's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jul. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jul. 2024 )  (A: Jul. 2023 )(A: Jul. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jul. 2024 )  (A: Jul. 2023 )(A: Jul. 2024 )
=32.004/( (696.448+532.842)/ 2 )
=32.004/614.645
=5.21 %

Putnam Premierome Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jan. 2025 )  (Q: Jul. 2024 )(Q: Jan. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jan. 2025 )  (Q: Jul. 2024 )(Q: Jan. 2025 )
=15.664/( (532.842+481.085)/ 2 )
=15.664/506.9635
=3.09 %

* 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 (Jan. 2025) net income data.


Putnam Premierome Trust  (NYSE:PPT) 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.


Putnam Premierome Trust Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Putnam Premierome Trust's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Putnam Premierome Trust Business Description

Traded in Other Exchanges
N/A
Address
100 Federal Street, Boston, MA, USA, 02110
Putnam Premier Income Trust is a Massachusetts business trust operating as a non-diversified closed-end management investment company. The fund is currently operating as a diversified fund. Its investment objective is to seek high current income consistent with the preservation of capital by allocating its investments to the U.S. government sector.
Executives
Stephen R Denny officer: Head HR- Diversity & Inclusion, other: Putnam Investments PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Manoj P Singh director PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Michael V Salm officer: Portfolio Manager/Putnam.Inv. PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Carlo Forcione officer: Head of Product and Strategy, other: Putnam Investments PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Catherine Saunders officer: Head,Corporate Sustainability, other: and Public Policy - Putnam Inv PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Mona Sutphen director 777 HIDDEN RIDGE, IRVING TX 75038
Jennifer Murphy director LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Marie Pillai director C/O PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Jacquelyn S Vanderbrug officer: Headof Sustainability Strategy, other: Putnam Investments PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Brendan T Murray officer: Head of Global Inv. Strategies, other: Putnam Investments PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Alan Mccormack officer: Vice President and, other: Derivatives Risk Manager PUTNAM INVESTMENTS, 16 ST. JAMES'S STREET, LONDON X0 SW1A 1ER
Martin Lemaire officer: Vice President and, other: Derivatives Risk Manager PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Steven P Mckay officer: Head of Global DCIO, other: Putnam Investments PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Kaitlin May officer: Head of Global Institutional, other: Management /Putnam Investments PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110
Stephen J Tate officer: General Counsel, other: Chief Legal Officer/Putnam Inv PUTNAM INVESTMENTS, 100 FEDERAL STREET, BOSTON MA 02110