/term/return-on-tangible-equity/SDHY SDHY (PGIM Short Duration High Yield Opportunities) Return-
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PGIM Short Duration High Yield Opportunities (NYSE:SDHY) » Definitions » Return-on-Tangible-Equity

PGIM Short Duration High Yield Opportunities (PGIM Short Duration High Yield Opportunities) Return-on-Tangible-Equity : 8.98% (As of Jan. 2024)


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What is PGIM Short Duration High Yield Opportunities 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. PGIM Short Duration High Yield Opportunities's annualized net income for the quarter that ended in Jan. 2024 was $42.79 Mil. PGIM Short Duration High Yield Opportunities's average shareholder tangible equity for the quarter that ended in Jan. 2024 was $476.44 Mil. Therefore, PGIM Short Duration High Yield Opportunities's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 8.98%.

The historical rank and industry rank for PGIM Short Duration High Yield Opportunities's Return-on-Tangible-Equity or its related term are showing as below:

SDHY' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.07   Med: 0.03   Max: 7.42
Current: 7.42

During the past 3 years, PGIM Short Duration High Yield Opportunities's highest Return-on-Tangible-Equity was 7.42%. The lowest was -6.07%. And the median was 0.03%.

SDHY's Return-on-Tangible-Equity is ranked better than
58.53% of 1676 companies
in the Asset Management industry
Industry Median: 5.195 vs SDHY: 7.42

PGIM Short Duration High Yield Opportunities Return-on-Tangible-Equity Historical Data

The historical data trend for PGIM Short Duration High Yield Opportunities'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.

PGIM Short Duration High Yield Opportunities Return-on-Tangible-Equity Chart

PGIM Short Duration High Yield Opportunities Annual Data
Trend Jul21 Jul22 Jul23
Return-on-Tangible-Equity
- -6.07 6.13

PGIM Short Duration High Yield Opportunities Semi-Annual Data
Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Return-on-Tangible-Equity Get a 7-Day Free Trial -4.87 -5.27 4.58 6.39 8.98

Competitive Comparison of PGIM Short Duration High Yield Opportunities's Return-on-Tangible-Equity

For the Asset Management subindustry, PGIM Short Duration High Yield Opportunities'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.

PGIM Short Duration High Yield Opportunities's Return-on-Tangible-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PGIM Short Duration High Yield Opportunities's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where PGIM Short Duration High Yield Opportunities's Return-on-Tangible-Equity falls into.


PGIM Short Duration High Yield Opportunities Return-on-Tangible-Equity Calculation

PGIM Short Duration High Yield Opportunities's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jul. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jul. 2023 )  (A: Jul. 2022 )(A: Jul. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jul. 2023 )  (A: Jul. 2022 )(A: Jul. 2023 )
=26.273/( (431.106+425.402 )/ 2 )
=26.273/428.254
=6.13 %

PGIM Short Duration High Yield Opportunities's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jan. 2024 )  (Q: Jul. 2023 )(Q: Jan. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jan. 2024 )  (Q: Jul. 2023 )(Q: Jan. 2024 )
=42.794/( (425.402+527.485)/ 2 )
=42.794/476.4435
=8.98 %

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

PGIM Short Duration High Yield Opportunities  (NYSE:SDHY) 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.

PGIM Short Duration High Yield Opportunities Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of PGIM Short Duration High Yield Opportunities's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

PGIM Short Duration High Yield Opportunities (PGIM Short Duration High Yield Opportunities) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PGIM Short Duration High Yield Opportunities (NYSE:SDHY) » Definitions » Return-on-Tangible-Equity
Comparable Companies
EAD MUA FSD HIO EFT GBAB BGR ETB EVN EFR BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
655 Broad Street, 6th Floor, Newark, NJ, USA, 07102
Website
https://www.pgim.com
PGIM Short Duration High Yield Opportunities is a closed-end management investment company. The fund's investment objective is to provide total return, through a combination of current income and capital appreciation. Its seeks to achieve its objective by investing in a diversified portfolio of high yield fixed income instruments.
Executives
Robert Cignarella other: Portfolio Manager 100 MULBERRY STREET, NEWARK NJ 07102
Barry H Evans director C/O PGIM INVESTMENTS, 655 BROAD STREET, NEWARK NJ 07102
Andrew Donohue officer: Chief Compliance Officer 655 BROAD STREET, NEWARK NJ 07102
Brian J Lalli other: Portfolio Manager 655 BROAD STREET, NEWARK NJ 07102
Robert Mccormack officer: Assistant Treasurer 655 BROAD ST., NEWARK NJ 07102
Michael Lillard other: Head of PGIM Fixed Income/CIO 655 BROAD STREET, NEWARK NJ 07102
Isabelle Sajous officer: Chief Compliance Officer 655 BROAD ST., NEWARK NJ 07102
Michael Joseph Gormally other: Portfolio Manager 655 BROAD STREET, NEWARK NJ 07102
Daniel T Thorogood other: Portfolio Manager PGIM, INC., 655 BROAD STREET, NEWARK NJ 07102
Gregory J Peters other: Co-Chief Investment Officer 655 BROAD STREET, NEWARK NJ 07102
Craig C Dewling other: Co-Chief Investment Officer 655 BROAD STREET, NEWARK NJ 07102
Debra Rubano officer: Assistant Secretary 655 BROAD STREET, PRUDENTIAL TOWER SOUTH, NEWARK NJ 07102
Brian Clapp other: Portfolio Manager 100 MULBERRY STREET, NEWARK NJ 07102
Richard Greenwood other: Investment Professional 2 GATEWAY CENTER, NEWARK NJ 07102
Robert Spano other: Portfolio Manager 2 GATEWAY CENTER, NEWARK NJ 07102