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Soundvest Split Trust (TSX:BSD.PR.A.PFD) Return-on-Tangible-Asset : -30.40% (As of Dec. 2018)


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What is Soundvest Split 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. Soundvest Split Trust's annualized Net Income for the quarter that ended in Dec. 2018 was C$-5.24 Mil. Soundvest Split Trust's average total tangible assets for the quarter that ended in Dec. 2018 was C$17.25 Mil. Therefore, Soundvest Split Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2018 was -30.40%.

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

TSX:BSD.PR.A.PFD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.54   Med: 3.12   Max: 41.15
Current: 3.78

During the past 11 years, Soundvest Split Trust's highest Return-on-Tangible-Asset was 41.15%. The lowest was -8.54%. And the median was 3.12%.

TSX:BSD.PR.A.PFD's Return-on-Tangible-Asset is not ranked
in the Asset Management industry.
Industry Median: 4.23 vs TSX:BSD.PR.A.PFD: 3.78

Soundvest Split Trust Return-on-Tangible-Asset Historical Data

The historical data trend for Soundvest Split 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.

Soundvest Split Trust Return-on-Tangible-Asset Chart

Soundvest Split Trust Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.48 -8.54 23.03 -3.33 -18.48

Soundvest Split Trust Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
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 26.47 -5.78 -3.73 -6.39 -30.40

Competitive Comparison of Soundvest Split Trust's Return-on-Tangible-Asset

For the Asset Management subindustry, Soundvest Split 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.


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

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

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


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Soundvest Split Trust Return-on-Tangible-Asset Calculation

Soundvest Split Trust's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2018 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2018 )  (A: Dec. 2017 )(A: Dec. 2018 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2018 )  (A: Dec. 2017 )(A: Dec. 2018 )
=-3.249/( (20.026+15.137)/ 2 )
=-3.249/17.5815
=-18.48 %

Soundvest Split Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2018 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2018 )  (Q: Jun. 2018 )(Q: Dec. 2018 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2018 )  (Q: Jun. 2018 )(Q: Dec. 2018 )
=-5.242/( (19.355+15.137)/ 2 )
=-5.242/17.246
=-30.40 %

* 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 (Dec. 2018) net income data.


Soundvest Split Trust  (TSX:BSD.PR.A.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.


Soundvest Split Trust Return-on-Tangible-Asset Related Terms

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Soundvest Split Trust Business Description

Traded in Other Exchanges
N/A
Address
100 Sparks Street, 9th Floor, Ottawa, ON, CAN, K1P 5B7
Soundvest Split Trust is a Canada based fund. It invests in a diversified portfolio consisting of common and preferred shares of Canadian issuers, income securities, bonds and debentures, income trusts, real estate investment trusts (REITs), Canadian mortgage-backed securities, and cash and cash equivalents. The fund's investment objectives are to provide unitholders with a stable stream of quarterly distributions and maximize long-term total return to unitholders. Geographically, the company operates in Canada region.

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