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VGI (Virtus Global Multi-Sector) Return-on-Tangible-Asset : 8.56% (As of Nov. 2024)


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What is Virtus Global Multi-Sector 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. Virtus Global Multi-Sector's annualized Net Income for the quarter that ended in Nov. 2024 was $12.09 Mil. Virtus Global Multi-Sector's average total tangible assets for the quarter that ended in Nov. 2024 was $141.23 Mil. Therefore, Virtus Global Multi-Sector's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2024 was 8.56%.

The historical rank and industry rank for Virtus Global Multi-Sector's Return-on-Tangible-Asset or its related term are showing as below:

VGI' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.93   Med: 3.9   Max: 9.63
Current: 8.17

During the past 8 years, Virtus Global Multi-Sector's highest Return-on-Tangible-Asset was 9.63%. The lowest was -11.93%. And the median was 3.90%.

VGI's Return-on-Tangible-Asset is ranked better than
66.25% of 1683 companies
in the Asset Management industry
Industry Median: 4.25 vs VGI: 8.17

Virtus Global Multi-Sector Return-on-Tangible-Asset Historical Data

The historical data trend for Virtus Global Multi-Sector'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.

Virtus Global Multi-Sector Return-on-Tangible-Asset Chart

Virtus Global Multi-Sector Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Return-on-Tangible-Asset
Get a 7-Day Free Trial 4.15 1.21 -11.93 3.64 8.16

Virtus Global Multi-Sector Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24
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 -7.78 2.83 4.46 7.78 8.56

Competitive Comparison of Virtus Global Multi-Sector's Return-on-Tangible-Asset

For the Asset Management subindustry, Virtus Global Multi-Sector'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.


Virtus Global Multi-Sector's Return-on-Tangible-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Global Multi-Sector's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Virtus Global Multi-Sector's Return-on-Tangible-Asset falls into.


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Virtus Global Multi-Sector Return-on-Tangible-Asset Calculation

Virtus Global Multi-Sector's annualized Return-on-Tangible-Asset for the fiscal year that ended in Nov. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Nov. 2024 )  (A: Nov. 2023 )(A: Nov. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Nov. 2024 )  (A: Nov. 2023 )(A: Nov. 2024 )
=11.528/( (140.937+141.672)/ 2 )
=11.528/141.3045
=8.16 %

Virtus Global Multi-Sector's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Nov. 2024 )  (Q: May. 2024 )(Q: Nov. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Nov. 2024 )  (Q: May. 2024 )(Q: Nov. 2024 )
=12.092/( (140.781+141.672)/ 2 )
=12.092/141.2265
=8.56 %

* 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 (Nov. 2024) net income data.


Virtus Global Multi-Sector  (NYSE:VGI) 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.


Virtus Global Multi-Sector Return-on-Tangible-Asset Related Terms

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


Virtus Global Multi-Sector Business Description

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301-9683
Virtus Global Multi-Sector Inc is a United States based fund. Its investment objective is to maximize current income while preserving capital. The Fund seeks to achieve its investment objective by applying extensive credit research to capitalize on opportunities across undervalued areas of the global bond markets.
Executives
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Sarah E Cogan director 1633 BROADWAY, NEW YORK NY 10019
F Ford Drummond director 100 N BROADWAY, OKLAHOMA CITY OK 73102
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
John R Mallin director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Sidney E Harris director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara director 150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Donald C Burke director C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
Rogers James B Jr director 14 WESLEY STREET, HAMILTON D0 HM11
James M Oates director C/O INVESTORS FINANCIAL SERVICES CORP, 200 CLARENDON ST, BOSTON MA 02116
Thomas F. Mann director 125 EAST ELM STREET, SUITE 200, CONSHOHOCKEN PA 19428
Benjamin Caron other: Officer of the Sub-Adviser C/O NEWFLEET ASSET MANAGEMENT, LLC, 100 PEARL STREET, HARTFORD CT 06103