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Brompton Energy Split (TSX:ESP.PR.A.PFD) Return-on-Tangible-Equity : 100.50% (As of Jun. 2024)


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What is Brompton Energy Split 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. Brompton Energy Split's annualized net income for the quarter that ended in Jun. 2024 was C$3.04 Mil. Brompton Energy Split's average shareholder tangible equity for the quarter that ended in Jun. 2024 was C$3.03 Mil. Therefore, Brompton Energy Split's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was 100.50%.

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

TSX:ESP.PR.A.PFD' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -732.83   Med: -32.84   Max: 291.35
Current: 75.56

During the past 9 years, Brompton Energy Split's highest Return-on-Tangible-Equity was 291.35%. The lowest was -732.83%. And the median was -32.84%.

TSX:ESP.PR.A.PFD's Return-on-Tangible-Equity is ranked better than
96.45% of 1632 companies
in the Asset Management industry
Industry Median: 7.415 vs TSX:ESP.PR.A.PFD: 75.56

Brompton Energy Split Return-on-Tangible-Equity Historical Data

The historical data trend for Brompton Energy Split'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.

Brompton Energy Split Return-on-Tangible-Equity Chart

Brompton Energy Split Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only 291.35 -732.83 - 125.14 -20.51

Brompton Energy Split Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 241.27 93.71 -80.54 48.08 100.50

Competitive Comparison of Brompton Energy Split's Return-on-Tangible-Equity

For the Asset Management subindustry, Brompton Energy Split'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.


Brompton Energy Split's Return-on-Tangible-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Brompton Energy Split's Return-on-Tangible-Equity falls into.


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Brompton Energy Split Return-on-Tangible-Equity Calculation

Brompton Energy Split'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 )
=-0.651/( (3.823+2.524 )/ 2 )
=-0.651/3.1735
=-20.51 %

Brompton Energy Split's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=3.04/( (2.524+3.526)/ 2 )
=3.04/3.025
=100.50 %

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


Brompton Energy Split  (TSX:ESP.PR.A.PFD) 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.


Brompton Energy Split Return-on-Tangible-Equity Related Terms

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


Brompton Energy Split Business Description

Traded in Other Exchanges
Address
181 Bay Street, Suite 2930, P.O. Box 793, Bay Wellington Tower, Brookfield Place, Toronto, ON, CAN, M5J 2T3
Brompton Energy Split Corp is a mutual fund corporation. The company manages the Fund's portfolio and options program. The company is an investment fund manager with income-focused investment solutions including exchange-traded funds (ETFs) and other TSX-traded investment funds.

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