The historical rank and industry rank for Blackrock Municipalome Trust II's Return-on-Tangible-Equity or its related term are showing as below:
BLE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.45 Med: 4.78 Max: 21.87
Current: 2
During the past 13 years, Blackrock Municipalome Trust II's highest Return-on-Tangible-Equity was 21.87%. The lowest was -0.45%. And the median was 4.78%.
BLE's Return-on-Tangible-Equity is ranked worse than 71.6% of 1641
companies
in the Asset Management industry
Industry Median: 8.7
vs BLE: 2.00
Blackrock Municipalome Trust II Return-on-Tangible-Equity Historical Data
* 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.
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Blackrock Municipalome Trust II Return-on-Tangible-Equity Chart
Competitive Comparison of Blackrock Municipalome Trust II's Return-on-Tangible-Equity
For the Asset Management subindustry, Blackrock Municipalome Trust II's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Blackrock Municipalome Trust II's Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Blackrock Municipalome Trust II's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Blackrock Municipalome Trust II's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Blackrock Municipalome Trust II (NYSE:BLE) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Blackrock Municipalome Trust II Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Blackrock Municipalome Trust II's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Blackrock Municipalome Trust II Business Description
Blackrock Municipal Income Trust II is a perpetual closed-end municipal bond fund. Its objective is to provide high current income exempt from regular U.S. federal income tax consistent with the preservation of capital. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal obligations that pay interest that is exempt from U.S. federal income taxes (except that the interest may be subject to the U.S. federal alternative minimum tax).
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