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SLR Investment (LTS:0L7O) Return-on-Tangible-Equity : 8.88% (As of Sep. 2024)


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What is SLR Investment 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. SLR Investment's annualized net income for the quarter that ended in Sep. 2024 was $88.2 Mil. SLR Investment's average shareholder tangible equity for the quarter that ended in Sep. 2024 was $992.8 Mil. Therefore, SLR Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was 8.88%.

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

LTS:0L7O' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.55   Med: 6.59   Max: 11.86
Current: 9.78

During the past 13 years, SLR Investment's highest Return-on-Tangible-Equity was 11.86%. The lowest was 1.55%. And the median was 6.59%.

LTS:0L7O's Return-on-Tangible-Equity is ranked better than
59.43% of 1644 companies
in the Asset Management industry
Industry Median: 7.365 vs LTS:0L7O: 9.78

SLR Investment Return-on-Tangible-Equity Historical Data

The historical data trend for SLR Investment'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.

SLR Investment Return-on-Tangible-Equity Chart

SLR Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.14 1.76 7.03 1.99 7.69

SLR Investment Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 10.96 9.58 11.27 9.36 8.88

Competitive Comparison of SLR Investment's Return-on-Tangible-Equity

For the Asset Management subindustry, SLR Investment'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.


SLR Investment's Return-on-Tangible-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where SLR Investment's Return-on-Tangible-Equity falls into.



SLR Investment Return-on-Tangible-Equity Calculation

SLR Investment's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=76.388/( (999.731+986.639 )/ 2 )
=76.388/993.185
=7.69 %

SLR Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=88.196/( (993.003+992.685)/ 2 )
=88.196/992.844
=8.88 %

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


SLR Investment  (LTS:0L7O) 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.


SLR Investment Return-on-Tangible-Equity Related Terms

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


SLR Investment Business Description

Traded in Other Exchanges
Address
500 Park Avenue, New York, NY, USA, 10022
SLR Investment Corp is a closed-end externally managed, non-diversified management investment company that has elected to be treated as a business development company. It provides U.S. middle market businesses and intermediaries with bespoke debt financing solutions to fund working capital, acquisition, refinancing and growth capital requirements. It invests majorly in leveraged middle-market companies in the form of senior secured loans, financing leases and to a lesser extent, unsecured loans and equity securities.

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