What is Gladstone Investment 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. Gladstone Investment's annualized net income for the quarter that ended in Mar. 2024 was $90.34 Mil. Gladstone Investment's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $476.33 Mil. Therefore, Gladstone Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 18.97%.
The historical rank and industry rank for Gladstone Investment's Return-on-Tangible-Equity or its related term are showing as below:
GAIN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.86 Med: 16.87 Max: 24.71
Current: 18.51
During the past 13 years, Gladstone Investment's highest Return-on-Tangible-Equity was 24.71%. The lowest was -1.86%. And the median was 16.87%.
GAIN's Return-on-Tangible-Equity is ranked better than 84.9% of 1676
companies
in the Asset Management industry
Industry Median: 5.025
vs GAIN: 18.51
Gladstone Investment Return-on-Tangible-Equity Historical Data
The historical data trend for Gladstone Investment'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.
Competitive Comparison of Gladstone Investment's Return-on-Tangible-Equity
For the Asset Management subindustry, Gladstone Investment'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.
Gladstone Investment's Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Gladstone Investment's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Gladstone Investment's Return-on-Tangible-Equity falls into.
* 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 four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Gladstone Investment Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Gladstone Investment's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Gladstone Investment (Gladstone Investment) Business Description
Gladstone Investment Corp is a business development company. The company's investment objective is to invest achieve and grow current income by investing in debt securities of established businesses that will provide stable earnings and cash flow, and provide its stockholders with long-term capital appreciation by investing in equity securities. The company's investment sectors include Business service/distribution, Consumer products, and manufacturing. Its portfolio consists of the following industries Conglomerate Services, Home and Office Furnishings, Housewares, Durable Consumer Products, Leisure, Motion Pictures, Entertainment, Conglomerate Manufacturing, Chemicals, Telecommunications, Aerospace and Defense, and others. Its investment activities are carried across the United States.
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