GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Credit Suisse Asset Mgmt Income Fund Inc (AMEX:CIK) » Definitions » Return-on-Tangible-Equity

CIK (Credit Suisse Asset Mgmtome Fund) Return-on-Tangible-Equity : 9.56% (As of Dec. 2024)


View and export this data going back to 1987. Start your Free Trial

What is Credit Suisse Asset Mgmtome Fund Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Credit Suisse Asset Mgmtome Fund's annualized net income for the quarter that ended in Dec. 2024 was $15.32 Mil. Credit Suisse Asset Mgmtome Fund's average shareholder tangible equity for the quarter that ended in Dec. 2024 was $160.23 Mil. Therefore, Credit Suisse Asset Mgmtome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was 9.56%.

The historical rank and industry rank for Credit Suisse Asset Mgmtome Fund's Return-on-Tangible-Equity or its related term are showing as below:

CIK' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -13.85   Med: 8.88   Max: 17.33
Current: 9.43

During the past 13 years, Credit Suisse Asset Mgmtome Fund's highest Return-on-Tangible-Equity was 17.33%. The lowest was -13.85%. And the median was 8.88%.

CIK's Return-on-Tangible-Equity is ranked better than
53.17% of 1640 companies
in the Asset Management industry
Industry Median: 8.75 vs CIK: 9.43

Credit Suisse Asset Mgmtome Fund Return-on-Tangible-Equity Historical Data

The historical data trend for Credit Suisse Asset Mgmtome Fund's Return-on-Tangible-Equity 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.

Credit Suisse Asset Mgmtome Fund Return-on-Tangible-Equity Chart

Credit Suisse Asset Mgmtome Fund Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.95 8.36 -13.85 17.33 9.40

Credit Suisse Asset Mgmtome Fund Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Equity 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 5.35 17.13 17.60 9.33 9.56

Competitive Comparison of Credit Suisse Asset Mgmtome Fund's Return-on-Tangible-Equity

For the Asset Management subindustry, Credit Suisse Asset Mgmtome Fund'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.


Credit Suisse Asset Mgmtome Fund's Return-on-Tangible-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Credit Suisse Asset Mgmtome Fund's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Credit Suisse Asset Mgmtome Fund's Return-on-Tangible-Equity falls into.


;
;

Credit Suisse Asset Mgmtome Fund Return-on-Tangible-Equity Calculation

Credit Suisse Asset Mgmtome Fund's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=14.983/( (156.155+162.72 )/ 2 )
=14.983/159.4375
=9.40 %

Credit Suisse Asset Mgmtome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=15.322/( (157.748+162.72)/ 2 )
=15.322/160.234
=9.56 %

* 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-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 (Dec. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Credit Suisse Asset Mgmtome Fund  (AMEX:CIK) 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.


Credit Suisse Asset Mgmtome Fund Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Credit Suisse Asset Mgmtome Fund's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Credit Suisse Asset Mgmtome Fund Business Description

Traded in Other Exchanges
N/A
Address
Eleven Madison Avenue, New York, NY, USA, 10010
Credit Suisse Asset Mgmt Income Fund Inc is a closed-end management investment company. The investment objective of the fund is to provide current income consistent with the preservation of capital. Credit Suisse serves as an investment adviser for the fund. Asset Management offers a wide range of investment products and functions across asset classes and investment styles. The division manages various regional portfolios, mutual funds, and other investment vehicles for governments, institutions, corporations and individuals.
Executives
Laura A Defelice director ONE MADISON AVENUE, NEW YORK NY 10010
Brandi Sinkovich officer: Chief Compliance Officer ELEVEN MADISON AVENUE, NEW YORK NY 10010
Samantha Kappagoda director C/O CREDIT SUISSE ASSET MANAGEMENT, LLC, ELEVEN MADISON AVENUE, NEW YORK NY 10010
Rachael Inez Hoffman officer: Chief Compliance Officer 11 MADISON AVENUE, NEW YORK NY 10010
Antonio Muinos officer: Chief Compliance Officer ELEVEN MADISON AVENUE, 9TH AVENUE, NEW YORK NY 10010
Jason Patrick Gossett officer: Chief Compliance Officer RALEIGH LT BUILDING, MORRISVILLE NC 27560
Thomas J. Flannery officer: Chief Investment Officer ELEVEN MADISON AVENUE, NEW YORK NY 10010
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Omar Tariq officer: CFO & Treasurer ELEVEN MADISON AVENUE, NEW YORK NY 10010
Csam Americas Holding Corp. other: Affiliate of InvestmentAdviser ONE MADISON AVENUE, NEW YORK NY 10010
Jeffrey E Garten director AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156
Mahendra R Gupta director WASHINGTON UNIVERSITY CAMPUS BOX 1133, ONE BROOKINGS DRIVE, ST. LOUIS MO 63130-4899
Terry Fires Bovarnick director C/O CREDIT SUISSE ASSET MANAGMENT, LLC, ELEVEN MADISON AVENUE, NEW YORK CITY NY 10010
Steven N Rappaport director C/O ABERDEEN ASSET MANAGEMENT INC., 1735 MARKET STREET - 32ND FLOOR, PHILADELPHIA PA 19103
James Cattano director C/O ABERDEEN ASSET MANAGEMENT INC., 1735 MARKET STREET - 32ND FLOOR, PHILADELPHIA PA 19103

Credit Suisse Asset Mgmtome Fund Headlines