GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Baillie Gifford US Growth Trust PLC (LSE:USA) » Definitions » Return-on-Tangible-Equity

Baillie Gifford US Growth Trust (LSE:USA) Return-on-Tangible-Equity : 50.18% (As of Nov. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Baillie Gifford US Growth 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. Baillie Gifford US Growth Trust's annualized net income for the quarter that ended in Nov. 2024 was £363.2 Mil. Baillie Gifford US Growth Trust's average shareholder tangible equity for the quarter that ended in Nov. 2024 was £723.8 Mil. Therefore, Baillie Gifford US Growth Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2024 was 50.18%.

The historical rank and industry rank for Baillie Gifford US Growth Trust's Return-on-Tangible-Equity or its related term are showing as below:

LSE:USA' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -43.25   Med: 14.83   Max: 43.29
Current: 36.45

During the past 6 years, Baillie Gifford US Growth Trust's highest Return-on-Tangible-Equity was 43.29%. The lowest was -43.25%. And the median was 14.83%.

LSE:USA's Return-on-Tangible-Equity is ranked better than
92.69% of 1641 companies
in the Asset Management industry
Industry Median: 7.95 vs LSE:USA: 36.45

Baillie Gifford US Growth Trust Return-on-Tangible-Equity Historical Data

The historical data trend for Baillie Gifford US Growth 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.

Baillie Gifford US Growth Trust Return-on-Tangible-Equity Chart

Baillie Gifford US Growth Trust Annual Data
Trend May19 May20 May21 May22 May23 May24
Return-on-Tangible-Equity
Get a 7-Day Free Trial 36.07 43.29 -43.25 -2.70 14.83

Baillie Gifford US Growth Trust Semi-Annual Data
Jul18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24
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 -4.39 -1.02 8.15 21.44 50.18

Competitive Comparison of Baillie Gifford US Growth Trust's Return-on-Tangible-Equity

For the Asset Management subindustry, Baillie Gifford US Growth 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.


Baillie Gifford US Growth Trust's Return-on-Tangible-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Baillie Gifford US Growth Trust's Return-on-Tangible-Equity falls into.


;
;

Baillie Gifford US Growth Trust Return-on-Tangible-Equity Calculation

Baillie Gifford US Growth Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in May. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: May. 2024 )  (A: May. 2023 )(A: May. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: May. 2024 )  (A: May. 2023 )(A: May. 2024 )
=89.884/( (568.599+643.933 )/ 2 )
=89.884/606.266
=14.83 %

Baillie Gifford US Growth Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Nov. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Nov. 2024 )  (Q: May. 2024 )(Q: Nov. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Nov. 2024 )  (Q: May. 2024 )(Q: Nov. 2024 )
=363.18/( (643.933+803.66)/ 2 )
=363.18/723.7965
=50.18 %

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


Baillie Gifford US Growth Trust  (LSE:USA) 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.


Baillie Gifford US Growth Trust Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Baillie Gifford US Growth Trust's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Baillie Gifford US Growth Trust Business Description

Traded in Other Exchanges
N/A
Address
3 Street Helen’s Place, London, GBR, EC3A 6AB
Baillie Gifford US Growth Trust PLC is a closed-end company. Its investment objective is to produce long-term capital growth. It seeks to invest predominantly in listed and unlisted US companies. It invests in equities, multi-asset, and fixed income. The company makes its investments either directly, or through one or more wholly owned subsidiary companies, or through investment funds.