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Lindsell Train Investment Trust (The) (LSE:LTI) Return-on-Tangible-Equity : 11.56% (As of Mar. 2024)


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What is Lindsell Train Investment Trust (The) 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. Lindsell Train Investment Trust (The)'s annualized net income for the quarter that ended in Mar. 2024 was £23.07 Mil. Lindsell Train Investment Trust (The)'s average shareholder tangible equity for the quarter that ended in Mar. 2024 was £199.52 Mil. Therefore, Lindsell Train Investment Trust (The)'s annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 11.56%.

The historical rank and industry rank for Lindsell Train Investment Trust (The)'s Return-on-Tangible-Equity or its related term are showing as below:

LSE:LTI' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.89   Med: 15.99   Max: 29.86
Current: 2.06

During the past 13 years, Lindsell Train Investment Trust (The)'s highest Return-on-Tangible-Equity was 29.86%. The lowest was -1.89%. And the median was 15.99%.

LSE:LTI's Return-on-Tangible-Equity is ranked worse than
63.13% of 1676 companies
in the Asset Management industry
Industry Median: 5.225 vs LSE:LTI: 2.06

Lindsell Train Investment Trust (The) Return-on-Tangible-Equity Historical Data

The historical data trend for Lindsell Train Investment Trust (The)'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.

Lindsell Train Investment Trust (The) Return-on-Tangible-Equity Chart

Lindsell Train Investment Trust (The) Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.74 25.48 -1.89 -0.36 2.01

Lindsell Train Investment Trust (The) Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 -16.12 -5.86 5.28 -7.25 11.56

Competitive Comparison of Lindsell Train Investment Trust (The)'s Return-on-Tangible-Equity

For the Asset Management subindustry, Lindsell Train Investment Trust (The)'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.


Lindsell Train Investment Trust (The)'s Return-on-Tangible-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Lindsell Train Investment Trust (The)'s Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Lindsell Train Investment Trust (The)'s Return-on-Tangible-Equity falls into.



Lindsell Train Investment Trust (The) Return-on-Tangible-Equity Calculation

Lindsell Train Investment Trust (The)'s annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=4.195/( (211.39+205.285 )/ 2 )
=4.195/208.3375
=2.01 %

Lindsell Train Investment Trust (The)'s annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Sep. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Sep. 2023 )(Q: Mar. 2024 )
=23.07/( (193.75+205.285)/ 2 )
=23.07/199.5175
=11.56 %

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


Lindsell Train Investment Trust (The)  (LSE:LTI) 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.


Lindsell Train Investment Trust (The) Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Lindsell Train Investment Trust (The)'s Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Lindsell Train Investment Trust (The) (LSE:LTI) Business Description

Traded in Other Exchanges
N/A
Address
25 Southampton Buildings, London, GBR, WC2A 1AL
Lindsell Train Investment Trust (The) PLC is a UK-based investment trust company. Its primary investment objective is to maximize long-term total returns with a minimum objective to maintain the real purchasing power of Sterling capital. The company's investment policy is to invest in a wide range of financial assets including equities, unquoted equities, bonds, funds, cash and other financial investments globally with no limitations on the markets and sectors. It focuses on investing in a concentrated portfolio of securities with the number of equity investments averaging fifteen companies. The company holds a portfolio of equities across UK, USA, Japan, Europe.

Lindsell Train Investment Trust (The) (LSE:LTI) Headlines

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