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The Global Smaller Trust (LSE:GSCT) Return-on-Tangible-Equity : 4.62% (As of Oct. 2024)


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What is The Global Smaller 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. The Global Smaller Trust's annualized net income for the quarter that ended in Oct. 2024 was £39.4 Mil. The Global Smaller Trust's average shareholder tangible equity for the quarter that ended in Oct. 2024 was £852.8 Mil. Therefore, The Global Smaller Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2024 was 4.62%.

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

LSE:GSCT' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14.39   Med: 5.78   Max: 37.87
Current: 17.52

During the past 13 years, The Global Smaller Trust's highest Return-on-Tangible-Equity was 37.87%. The lowest was -14.39%. And the median was 5.78%.

LSE:GSCT's Return-on-Tangible-Equity is ranked better than
78.2% of 1633 companies
in the Asset Management industry
Industry Median: 7.26 vs LSE:GSCT: 17.52

The Global Smaller Trust Return-on-Tangible-Equity Historical Data

The historical data trend for The Global Smaller 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.

The Global Smaller Trust Return-on-Tangible-Equity Chart

The Global Smaller Trust Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.39 37.87 -0.95 -4.41 7.82

The Global Smaller Trust Semi-Annual Data
Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
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 -15.36 6.84 -14.10 30.42 4.62

Competitive Comparison of The Global Smaller Trust's Return-on-Tangible-Equity

For the Asset Management subindustry, The Global Smaller 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.


The Global Smaller Trust's Return-on-Tangible-Equity Distribution in the Asset Management Industry

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

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


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The Global Smaller Trust Return-on-Tangible-Equity Calculation

The Global Smaller Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in Apr. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Apr. 2024 )  (A: Apr. 2023 )(A: Apr. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Apr. 2024 )  (A: Apr. 2023 )(A: Apr. 2024 )
=67.59/( (859.435+870.062 )/ 2 )
=67.59/864.7485
=7.82 %

The Global Smaller Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Oct. 2024 )  (Q: Apr. 2024 )(Q: Oct. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Oct. 2024 )  (Q: Apr. 2024 )(Q: Oct. 2024 )
=39.42/( (870.062+835.571)/ 2 )
=39.42/852.8165
=4.62 %

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


The Global Smaller Trust  (LSE:GSCT) 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.


The Global Smaller Trust Return-on-Tangible-Equity Related Terms

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The Global Smaller Trust Business Description

Traded in Other Exchanges
N/A
Address
78 Cannon Street, Cannon Place, London, GBR, EC4N 6AG
The Global Smaller Companies Trust PLC offers investors access to a broad spread global smaller companies portfolio. Its investment objective is to invest in smaller companies worldwide to secure a high total return. The portfolio consists of individual smaller company investments within the US, UK, and European markets, and fund holdings targeting smaller companies in Japan, Asia, Latin America, and other smaller territories.

The Global Smaller Trust Headlines

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