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Palace Capital (LSE:PCA) Return-on-Tangible-Asset : -14.83% (As of Mar. 2024)


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What is Palace Capital Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Palace Capital's annualized Net Income for the quarter that ended in Mar. 2024 was £-18.38 Mil. Palace Capital's average total tangible assets for the quarter that ended in Mar. 2024 was £123.90 Mil. Therefore, Palace Capital's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -14.83%.

The historical rank and industry rank for Palace Capital's Return-on-Tangible-Asset or its related term are showing as below:

LSE:PCA' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.56   Med: 3.28   Max: 22.94
Current: -6.25

During the past 13 years, Palace Capital's highest Return-on-Tangible-Asset was 22.94%. The lowest was -14.56%. And the median was 3.28%.

LSE:PCA's Return-on-Tangible-Asset is ranked worse than
96.62% of 798 companies
in the REITs industry
Industry Median: 2.34 vs LSE:PCA: -6.25

Palace Capital Return-on-Tangible-Asset Historical Data

The historical data trend for Palace Capital's Return-on-Tangible-Asset 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.

Palace Capital Return-on-Tangible-Asset Chart

Palace Capital Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.76 -1.83 8.32 -14.56 -5.99

Palace Capital Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Return-on-Tangible-Asset 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 11.57 -9.13 -20.58 -0.20 -14.83

Competitive Comparison of Palace Capital's Return-on-Tangible-Asset

For the REIT - Diversified subindustry, Palace Capital's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.


Palace Capital's Return-on-Tangible-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Palace Capital's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Palace Capital's Return-on-Tangible-Asset falls into.



Palace Capital Return-on-Tangible-Asset Calculation

Palace Capital's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=-9.362/( (201.773+110.752)/ 2 )
=-9.362/156.2625
=-5.99 %

Palace Capital's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Sep. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Sep. 2023 )(Q: Mar. 2024 )
=-18.378/( (137.048+110.752)/ 2 )
=-18.378/123.9
=-14.83 %

* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Mar. 2024) net income data.


Palace Capital  (LSE:PCA) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Palace Capital Return-on-Tangible-Asset Related Terms

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


Palace Capital (LSE:PCA) Business Description

Industry
Traded in Other Exchanges
Address
6-8 Greencoat Place, Fora Victoria, London, GBR, SW1P 1PL
Palace Capital PLC is a property investment company. Its property portfolio includes investment properties located throughout England, predominantly regional investments outside London, and comprises a diverse portfolio of commercial buildings. The company generates revenue in the form of Rent. Its only reportable segment is an Investment property. The company's properties include Hudson House, York; Fraser House, Staines, Milton Keynes, and Midsummer Boulevard.

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