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Allbanc Split (TSX:ABK.PR.C.PFD) Return-on-Tangible-Asset : -13.19% (As of Aug. 2017)


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What is Allbanc Split 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. Allbanc Split's annualized Net Income for the quarter that ended in Aug. 2017 was C$-7.05 Mil. Allbanc Split's average total tangible assets for the quarter that ended in Aug. 2017 was C$53.47 Mil. Therefore, Allbanc Split's annualized Return-on-Tangible-Asset for the quarter that ended in Aug. 2017 was -13.19%.

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

TSX:ABK.PR.C.PFD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -32.8   Med: 6.18   Max: 70.83
Current: 15.45

During the past 13 years, Allbanc Split's highest Return-on-Tangible-Asset was 70.83%. The lowest was -32.80%. And the median was 6.18%.

TSX:ABK.PR.C.PFD's Return-on-Tangible-Asset is not ranked
in the Asset Management industry.
Industry Median: 4.285 vs TSX:ABK.PR.C.PFD: 15.45

Allbanc Split Return-on-Tangible-Asset Historical Data

The historical data trend for Allbanc Split'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.

Allbanc Split Return-on-Tangible-Asset Chart

Allbanc Split Annual Data
Trend Feb08 Feb09 Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.66 15.48 4.69 3.11 26.79

Allbanc Split Semi-Annual Data
Feb08 Aug08 Feb09 Aug09 Feb10 Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17
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 -3.89 10.23 19.10 35.25 -13.19

Competitive Comparison of Allbanc Split's Return-on-Tangible-Asset

For the Asset Management subindustry, Allbanc Split'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.


Allbanc Split's Return-on-Tangible-Asset Distribution in the Asset Management Industry

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

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


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Allbanc Split Return-on-Tangible-Asset Calculation

Allbanc Split's annualized Return-on-Tangible-Asset for the fiscal year that ended in Feb. 2017 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Feb. 2017 )  (A: Feb. 2016 )(A: Feb. 2017 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Feb. 2017 )  (A: Feb. 2016 )(A: Feb. 2017 )
=14.612/( (53.587+55.495)/ 2 )
=14.612/54.541
=26.79 %

Allbanc Split's annualized Return-on-Tangible-Asset for the quarter that ended in Aug. 2017 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Aug. 2017 )  (Q: Feb. 2017 )(Q: Aug. 2017 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Aug. 2017 )  (Q: Feb. 2017 )(Q: Aug. 2017 )
=-7.052/( (55.495+51.437)/ 2 )
=-7.052/53.466
=-13.19 %

* 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 (Aug. 2017) net income data.


Allbanc Split  (TSX:ABK.PR.C.PFD) 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.


Allbanc Split Return-on-Tangible-Asset Related Terms

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Allbanc Split Business Description

Traded in Other Exchanges
N/A
Address
Allbanc Split Corp is a mutual fund corporation. The company's portfolio includes shares of various banks to generate income for the holders of its preferred shares and to enable the holders of its capital shares to participate in any capital appreciation in the Portfolio Shares and to benefit from any increase in the dividends payable on the Portfolio Shares.

Allbanc Split Headlines

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