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Asia Dragon Trust (LSE:DGN) Return-on-Tangible-Equity : 14.14% (As of Aug. 2024)


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What is Asia Dragon Trust 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. Asia Dragon Trust's annualized net income for the quarter that ended in Aug. 2024 was £98.28 Mil. Asia Dragon Trust's average shareholder tangible equity for the quarter that ended in Aug. 2024 was £695.23 Mil. Therefore, Asia Dragon Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Aug. 2024 was 14.14%.

The historical rank and industry rank for Asia Dragon Trust's Return-on-Tangible-Equity or its related term are showing as below:

LSE:DGN' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -18.97   Med: 4.79   Max: 27.09
Current: 9.6

During the past 13 years, Asia Dragon Trust's highest Return-on-Tangible-Equity was 27.09%. The lowest was -18.97%. And the median was 4.79%.

LSE:DGN's Return-on-Tangible-Equity is ranked better than
58.67% of 1643 companies
in the Asset Management industry
Industry Median: 7.34 vs LSE:DGN: 9.60

Asia Dragon Trust Return-on-Tangible-Equity Historical Data

The historical data trend for Asia Dragon Trust'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.

Asia Dragon Trust Return-on-Tangible-Equity Chart

Asia Dragon Trust Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.28 18.55 -9.16 -18.97 10.05

Asia Dragon Trust Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 -2.19 -15.87 -22.37 3.69 14.14

Competitive Comparison of Asia Dragon Trust's Return-on-Tangible-Equity

For the Asset Management subindustry, Asia Dragon Trust'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.


Asia Dragon Trust's Return-on-Tangible-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Asia Dragon Trust's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Asia Dragon Trust's Return-on-Tangible-Equity falls into.



Asia Dragon Trust Return-on-Tangible-Equity Calculation

Asia Dragon Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in Aug. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Aug. 2024 )  (A: Aug. 2023 )(A: Aug. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Aug. 2024 )  (A: Aug. 2023 )(A: Aug. 2024 )
=59.83/( (479.169+711.626 )/ 2 )
=59.83/595.3975
=10.05 %

Asia Dragon Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Aug. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Aug. 2024 )  (Q: Feb. 2024 )(Q: Aug. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Aug. 2024 )  (Q: Feb. 2024 )(Q: Aug. 2024 )
=98.282/( (678.832+711.626)/ 2 )
=98.282/695.229
=14.14 %

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


Asia Dragon Trust  (LSE:DGN) 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.


Asia Dragon Trust Return-on-Tangible-Equity Related Terms

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Asia Dragon Trust Business Description

Traded in Other Exchanges
Address
1 George Street, Edinburgh, GBR, EH2 2LL
Asia Dragon Trust PLC is an investment trust located in the United Kingdom. The company's primary objective is to achieve long-term capital growth through investment in the Far East with the exception of Japan and Australasia. Its investments are in stock market principally in large companies whose shares are considered to be attractively priced. The company focuses on diversified investments in various sectors such as Aerospace & Defence, Banks, Automobiles, Construction Materials, Industrial Conglomerates, Real Estate Management & Development, Wireless Telecommunication Services and others. It measures the performance of its portfolio against MSCI All Country Asia (ex-Japan) Index.

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