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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 Diversifiedome Fund's annualized net income for the quarter that ended in Dec. 2023 was $132.2 Mil. Western Asset Diversifiedome Fund's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $793.2 Mil. Therefore, Western Asset Diversifiedome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 16.67%.
The historical rank and industry rank for Western Asset Diversifiedome Fund's Return-on-Tangible-Equity or its related term are showing as below:
During the past 3 years, Western Asset Diversifiedome Fund's highest Return-on-Tangible-Equity was 15.94%. The lowest was -20.13%. And the median was 1.21%.
The historical data trend for Western Asset Diversifiedome Fund'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.
Western Asset Diversifiedome Fund Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Return-on-Tangible-Equity | 1.21 | -20.13 | 15.92 |
Western Asset Diversifiedome Fund Semi-Annual Data | |||||
Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | |
Return-on-Tangible-Equity | - | -39.27 | -0.15 | 15.21 | 16.67 |
For the Asset Management subindustry, Western Asset Diversifiedome Fund'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.
For the Asset Management industry and Financial Services sector, Western Asset Diversifiedome Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Western Asset Diversifiedome Fund's Return-on-Tangible-Equity falls into.
Western Asset Diversifiedome Fund'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 ) | |||||
= | 124.836 | / | ( (763.458 | + | 804.708 ) | / 2 ) | |
= | 124.836 | / | 784.083 | ||||
= | 15.92 % |
Western Asset Diversifiedome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Dec. 2023 ) | (Q: Jun. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Jun. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 132.192 | / | ( (781.752 | + | 804.708) | / 2 ) | |
= | 132.192 | / | 793.23 | ||||
= | 16.67 % |
* 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 (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Western Asset Diversifiedome Fund (NYSE:WDI) 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.
Thank you for viewing the detailed overview of Western Asset Diversifiedome Fund's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel P Cronin | director | 235 EAST 42ND ST, NEW YORK NY 10017 |
Oliveira Marc De | officer: Secretary/Chief Legal Officer | C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Hoffmann Courtney A. | other: Secretary/GC Subadviser | WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101 |
Robert D Agdern | director | C/O LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018 |
Andrew J. Bowden | other: COO/Subadviser | WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101 |
Ruys De Perez Charles Antony | other: Secretary/GC Subadviser | WESTERN ASSET MANAGEMENT COMPANY, 385 E. COLORADO BLVD., PASADENA CA 91101 |
Franklin Resources Inc | other: Parent of Inv Mgr/Subadvisers | FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Legg Mason Partners Fund Advisor, Llc | other: Investment Manager | 399 PARK AVENUE, NEW YORK NY 10022 |
Ted P Becker | other: CCO Investment Manager | 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Jeanne Kelly | officer: SVP, other: SVP/Investment Mgr | 300 FIRST STAMFORD PLACE, 4TH FLOOR, STAMFORD CT 06902 |
Thomas C Mandia | other: Secretary Inv Mgr | 300 FIRST STAMFORD PLACE, CITIGROUP ASSET MANAGEMENT, STAMFORD CT 06902 |
S. Kenneth Leech | other: Portfolio Manager | 385 EAST COLORADO BLVD, PASADENA CA 91101 |
Hirschmann James W Iii | other: CEO/Pres. Subadviser | |
Western Asset Management Company, Llc | other: Subadviser | 385 E. COLORADO BLVD., PASADENA CA 91101 |
Carol L Colman | director | 278 HAWLEY RD, NORTH SALEM NY 10560 |
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