GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Western Asset Intermediate Muni Fd Inc (NYSE:SBI) » Definitions » Return-on-Tangible-Equity

SBI (Western Asset Intermediate Muni Fd) Return-on-Tangible-Equity : 3.73% (As of May. 2024)


View and export this data going back to 1992. Start your Free Trial

What is Western Asset Intermediate Muni Fd 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. Western Asset Intermediate Muni Fd's annualized net income for the quarter that ended in May. 2024 was $4.64 Mil. Western Asset Intermediate Muni Fd's average shareholder tangible equity for the quarter that ended in May. 2024 was $124.28 Mil. Therefore, Western Asset Intermediate Muni Fd's annualized Return-on-Tangible-Equity for the quarter that ended in May. 2024 was 3.73%.

The historical rank and industry rank for Western Asset Intermediate Muni Fd's Return-on-Tangible-Equity or its related term are showing as below:

SBI' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.64   Med: 2.76   Max: 8.14
Current: 2.55

During the past 13 years, Western Asset Intermediate Muni Fd's highest Return-on-Tangible-Equity was 8.14%. The lowest was -12.64%. And the median was 2.76%.

SBI's Return-on-Tangible-Equity is ranked worse than
69.32% of 1643 companies
in the Asset Management industry
Industry Median: 7.34 vs SBI: 2.55

Western Asset Intermediate Muni Fd Return-on-Tangible-Equity Historical Data

The historical data trend for Western Asset Intermediate Muni Fd'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.

Western Asset Intermediate Muni Fd Return-on-Tangible-Equity Chart

Western Asset Intermediate Muni Fd Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.14 2.84 4.29 -12.64 2.58

Western Asset Intermediate Muni Fd Semi-Annual Data
Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
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 -19.71 -5.48 3.76 1.38 3.73

Competitive Comparison of Western Asset Intermediate Muni Fd's Return-on-Tangible-Equity

For the Asset Management subindustry, Western Asset Intermediate Muni Fd'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.


Western Asset Intermediate Muni Fd's Return-on-Tangible-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Western Asset Intermediate Muni Fd's Return-on-Tangible-Equity falls into.



Western Asset Intermediate Muni Fd Return-on-Tangible-Equity Calculation

Western Asset Intermediate Muni Fd's annualized Return-on-Tangible-Equity for the fiscal year that ended in Nov. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Nov. 2023 )  (A: Nov. 2022 )(A: Nov. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Nov. 2023 )  (A: Nov. 2022 )(A: Nov. 2023 )
=3.231/( (125.886+124.663 )/ 2 )
=3.231/125.2745
=2.58 %

Western Asset Intermediate Muni Fd's annualized Return-on-Tangible-Equity for the quarter that ended in May. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: May. 2024 )  (Q: Nov. 2023 )(Q: May. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: May. 2024 )  (Q: Nov. 2023 )(Q: May. 2024 )
=4.64/( (124.663+123.899)/ 2 )
=4.64/124.281
=3.73 %

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


Western Asset Intermediate Muni Fd  (NYSE:SBI) 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.


Western Asset Intermediate Muni Fd Return-on-Tangible-Equity Related Terms

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


Western Asset Intermediate Muni Fd Business Description

Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018
Western Asset Intermediate Muni Fd Inc is a diversified closed-end management investment company. The fund's objective is to provide a high level of current income exempt from Federal income taxes.
Executives
Oliveira Marc De officer: Secretary/Chief Legal Officer C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Bank Of America Na 10 percent owner, other: Former 10% Owner 100 N. TRYON STREET, CHARLOTTE NC 28255
Hoffmann Courtney A. other: Secretary/GC Subadviser WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Andrew J. Bowden other: COO/Subadviser WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Laura F Fergerson other: Manager/Investment Manager 3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
Brian Eakes other: Manager/Investment Manager 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
George P. Hoyt officer: Secretary and Ch Lgl Officer C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Matthew Nicholls other: Director of Sub-Adviser ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson other: Director of Sub-Adviser C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Jed A. Plafker other: Director of Sub-Adviser ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Fred Steven Jensen officer: Chief Compliance Officer LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Robert D Agdern director C/O LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Christopher Berarducci officer: Treas/Principal Finan Officer LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Eileen A Kamerick director 200 NORTH ADAMS STREET, GREEN BAY WI 54301
Nisha Kumar director 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103