What is Allspring Multi-Sectorome Fund 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. Allspring Multi-Sectorome Fund's annualized net income for the quarter that ended in Oct. 2023 was $-2.56 Mil. Allspring Multi-Sectorome Fund's average shareholder tangible equity for the quarter that ended in Oct. 2023 was $269.43 Mil. Therefore, Allspring Multi-Sectorome Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2023 was -0.95%.
The historical rank and industry rank for Allspring Multi-Sectorome Fund's Return-on-Tangible-Equity or its related term are showing as below:
ERC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -18.18 Med: 6.61 Max: 12.41
Current: 7.56
During the past 13 years, Allspring Multi-Sectorome Fund's highest Return-on-Tangible-Equity was 12.41%. The lowest was -18.18%. And the median was 6.61%.
ERC's Return-on-Tangible-Equity is ranked better than 59.43% of 1671
companies
in the Asset Management industry
Industry Median: 5.07
vs ERC: 7.56
Allspring Multi-Sectorome Fund Return-on-Tangible-Equity Historical Data
* 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.
Allspring Multi-Sectorome Fund Return-on-Tangible-Equity Chart
Competitive Comparison of Allspring Multi-Sectorome Fund's Return-on-Tangible-Equity
For the Asset Management subindustry, Allspring Multi-Sectorome 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.
Allspring Multi-Sectorome Fund's Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Allspring Multi-Sectorome Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Allspring Multi-Sectorome Fund's Return-on-Tangible-Equity falls into.
Allspring Multi-Sectorome Fund Return-on-Tangible-Equity Calculation
Allspring Multi-Sectorome Fund's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2023 is calculated as
* 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 (Oct. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Allspring Multi-Sectorome Fund (AMEX:ERC) 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.
Allspring Multi-Sectorome Fund Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Allspring Multi-Sectorome Fund's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Allspring Multi-Sectorome Fund (Allspring Multi-Sectorome Fund) Business Description
Allspring Multi-Sector Income Fund is a closed-end investment management company. The company's core business is to secure a high level of income for its investors consistent with limiting its overall exposure to domestic interest rate risk. It invests in U.S. dollar-denominated below investment-grade bonds, debentures, and other income obligations, including loans and preferred stocks, developed and emerging market debt securities, including obligations of foreign governments or governmental entities, foreign corporations, or supranational agencies denominated in various currencies, asset backed securities and investment grade corporate bonds.
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