What is Brompton Lifeco 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. Brompton Lifeco Split's annualizedNet Income for the quarter that ended in Jun. 2024 was C$6.45 Mil. Brompton Lifeco Split's average total tangible assets for the quarter that ended in Jun. 2024 was C$120.50 Mil. Therefore, Brompton Lifeco Split's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was 5.35%.
The historical rank and industry rank for Brompton Lifeco Split's Return-on-Tangible-Asset or its related term are showing as below:
TSX:LCS.PR.A.PFD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -24.67 Med: 4.97 Max: 33.33
Current: 12.15
During the past 13 years, Brompton Lifeco Split's highest Return-on-Tangible-Asset was 33.33%. The lowest was -24.67%. And the median was 4.97%.
TSX:LCS.PR.A.PFD's Return-on-Tangible-Asset is ranked better than 78.54% of 1682
companies
in the Asset Management industry
Industry Median: 4.285
vs TSX:LCS.PR.A.PFD: 12.15
Brompton Lifeco Split Return-on-Tangible-Asset Historical Data
The historical data trend for Brompton Lifeco 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.
Competitive Comparison of Brompton Lifeco Split's Return-on-Tangible-Asset
For the Asset Management subindustry, Brompton Lifeco 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.
Brompton Lifeco Split's Return-on-Tangible-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Brompton Lifeco Split's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Brompton Lifeco Split's Return-on-Tangible-Asset falls into.
* 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 (Jun. 2024) net income data.
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 companys 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 companys 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.
Brompton Lifeco Split Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Brompton Lifeco Split's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Brompton Lifeco Split Corp is a mutual fund corporation based in Canada. It invests in a portfolio comprised of common shares of publicly traded Canadian life insurance companies. The Fund's objectives in managing its capital are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions and to return the original issue price to the holders of the shares on the maturity date, the terms of which may be extended for periods of up to five years as determined by the Board of Directors, and to provide holders of Class A shares with regular monthly cash distributions targeted share and the opportunity for growth in Net Asset Value per share. Its products are ETFs, Other TSX Traded Funds Preferred Shares, Split Share Class A Share Investments.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSX:LCS.PR.A.PFD has been successfully added to your 