What is Gabelli Utility Trust 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. Gabelli Utility Trust's annualized net income for the quarter that ended in Dec. 2023 was $-7.98 Mil. Gabelli Utility Trust's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $231.92 Mil. Therefore, Gabelli Utility Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -3.44%.
The historical rank and industry rank for Gabelli Utility Trust's Return-on-Tangible-Equity or its related term are showing as below:
GUT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.73 Med: -2.33 Max: 22.51
Current: -4.56
During the past 7 years, Gabelli Utility Trust's highest Return-on-Tangible-Equity was 22.51%. The lowest was -6.73%. And the median was -2.33%.
GUT's Return-on-Tangible-Equity is ranked worse than 80.25% of 1671
companies
in the Asset Management industry
Industry Median: 4.98
vs GUT: -4.56
Gabelli Utility Trust Return-on-Tangible-Equity Historical Data
The historical data trend for Gabelli Utility Trust'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 Gabelli Utility Trust's Return-on-Tangible-Equity
For the Asset Management subindustry, Gabelli Utility Trust'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.
Gabelli Utility Trust's Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Gabelli Utility Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Gabelli Utility Trust'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 two times the semi-annual (Dec. 2023) 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.
Gabelli Utility Trust Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Gabelli Utility Trust's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Gabelli Utility Trust (Gabelli Utility Trust) Business Description
Gabelli Utility Trust operates as a diversified closed-end investment management company. The fund's primary objective is the long-term growth of capital and income. To achieve its objective, the fund may invest 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas, & water; and telecommunications services or infrastructure operations. It invests in various sectors, of which Electric Integrated, Water, Telecommunications, and U.S. Government Obligations account for the majority weightage.
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