GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FS Specialty Lending Fund (OTCPK:FSEN) » Definitions » Return-on-Tangible-Equity

FSEN (FS Specialty Lending Fund) Return-on-Tangible-Equity : 5.66% (As of Dec. 2024)


View and export this data going back to 2015. Start your Free Trial

What is FS Specialty Lending 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. FS Specialty Lending Fund's annualized net income for the quarter that ended in Dec. 2024 was $86.5 Mil. FS Specialty Lending Fund's average shareholder tangible equity for the quarter that ended in Dec. 2024 was $1,529.2 Mil. Therefore, FS Specialty Lending Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was 5.66%.

The historical rank and industry rank for FS Specialty Lending Fund's Return-on-Tangible-Equity or its related term are showing as below:

FSEN' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -45.94   Med: -1.82   Max: 26.1
Current: 6.11

During the past 11 years, FS Specialty Lending Fund's highest Return-on-Tangible-Equity was 26.10%. The lowest was -45.94%. And the median was -1.82%.

FSEN's Return-on-Tangible-Equity is ranked worse than
58.5% of 1636 companies
in the Asset Management industry
Industry Median: 8.67 vs FSEN: 6.11

FS Specialty Lending Fund Return-on-Tangible-Equity Historical Data

The historical data trend for FS Specialty Lending 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.

FS Specialty Lending Fund Return-on-Tangible-Equity Chart

FS Specialty Lending 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 -45.94 13.59 11.00 -7.31 6.20

FS Specialty Lending Fund Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 -9.08 4.61 10.50 3.53 5.66

Competitive Comparison of FS Specialty Lending Fund's Return-on-Tangible-Equity

For the Asset Management subindustry, FS Specialty Lending 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.


FS Specialty Lending Fund's Return-on-Tangible-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where FS Specialty Lending Fund's Return-on-Tangible-Equity falls into.


;
;

FS Specialty Lending Fund Return-on-Tangible-Equity Calculation

FS Specialty Lending 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 )
=95.044/( (1562.055+1503.456 )/ 2 )
=95.044/1532.7555
=6.20 %

FS Specialty Lending 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: Sep. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=86.488/( (1554.989+1503.456)/ 2 )
=86.488/1529.2225
=5.66 %

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


FS Specialty Lending Fund  (OTCPK:FSEN) 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.


FS Specialty Lending Fund Return-on-Tangible-Equity Related Terms

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


FS Specialty Lending Fund Business Description

Traded in Other Exchanges
N/A
Address
201 Rouse Boulevard, Philadelphia, PA, USA, 19112
FS Specialty Lending Fund is a United States-based externally managed, non-diversified, closed-end management investment company. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation by investing primarily in private and public credit in a broad set of industries, sectors, and sub-sectors. Its investment policy is to invest primarily in a portfolio of secured and unsecured floating and fixed rate loans, bonds, and other types of credit instruments, which, under normal circumstances, will represent at least eighty percent of the Company's total assets.

FS Specialty Lending Fund Headlines

From GuruFocus