Royce Micro Cap Closed Fund (RMT) - Net Assets
Based on the latest financial reports, Royce Micro Cap Closed Fund (RMT) has net assets worth $630.80 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($651.74 Million) and total liabilities ($20.93 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Royce Micro Cap Closed Fund (RMT) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $630.80 Million |
| % of Total Assets | 96.79% |
| Annual Growth Rate | 2.38% |
| 5-Year Change | 6.86% |
| 10-Year Change | 73.44% |
| Growth Volatility | 21.31 |
Royce Micro Cap Closed Fund - Net Assets Trend (2006–2025)
This chart illustrates how Royce Micro Cap Closed Fund's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Royce Micro Cap Closed Fund (RMT) total market value.
Annual Net Assets for Royce Micro Cap Closed Fund (2006–2025)
The table below shows the annual net assets of Royce Micro Cap Closed Fund from 2006 to 2025. Also explore Royce Micro Cap Closed Fund (RMT) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $630.80 Million | +11.30% |
| 2024-12-31 | $566.78 Million | +8.89% |
| 2023-12-31 | $520.49 Million | +11.72% |
| 2022-12-31 | $465.89 Million | -21.08% |
| 2021-12-31 | $590.31 Million | +14.42% |
| 2020-12-31 | $515.92 Million | +27.45% |
| 2019-12-31 | $404.81 Million | +17.17% |
| 2018-12-31 | $345.50 Million | -15.71% |
| 2017-12-31 | $409.90 Million | +12.70% |
| 2016-12-31 | $363.70 Million | +16.42% |
| 2015-12-31 | $312.41 Million | -19.38% |
| 2014-12-31 | $387.49 Million | -10.54% |
| 2013-12-31 | $433.12 Million | +35.97% |
| 2012-12-31 | $318.54 Million | +38.59% |
| 2008-12-31 | $229.85 Million | -41.29% |
| 2007-12-31 | $391.48 Million | -3.02% |
| 2006-12-31 | $403.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Royce Micro Cap Closed Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 27.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $177.02 Million | 28.06% |
| Common Stock | $453.79 Million | 71.94% |
| Total Equity | $630.80 Million | 100.00% |
Royce Micro Cap Closed Fund Competitors by Market Cap
The table below lists competitors of Royce Micro Cap Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Jinji Industrial Co Ltd
SHE:300798
|
$597.52 Million |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
$597.61 Million |
|
Chengdu M&S Electronics Technology Co Ltd
SHG:688311
|
$597.63 Million |
|
Shandong Luyang Share Co Ltd
SHE:002088
|
$597.68 Million |
|
EPC Groupe
PA:EXPL
|
$597.32 Million |
|
CREOTECH INS.S.A. ZY -10
F:5OB
|
$597.14 Million |
|
MK Restaurant Group Public Company Limited
BK:M
|
$597.10 Million |
|
Zhejiang Noblelift Equip
SHG:603611
|
$597.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Royce Micro Cap Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 566,776,598 to 630,804,415, a change of 64,027,817 (11.3%).
- Net income of 87,755,875 contributed positively to equity growth.
- Dividend payments of 23,728,058 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $87.76 Million | +13.91% |
| Dividends Paid | $23.73 Million | -3.76% |
| Total Change | $- | 11.30% |
Book Value vs Market Value Analysis
This analysis compares Royce Micro Cap Closed Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.23x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $10.93 | $13.41 | x |
| 2013-12-31 | $14.12 | $13.41 | x |
| 2014-12-31 | $11.33 | $13.41 | x |
| 2015-12-31 | $8.59 | $13.41 | x |
| 2016-12-31 | $9.63 | $13.41 | x |
| 2017-12-31 | $10.63 | $13.41 | x |
| 2018-12-31 | $8.57 | $13.41 | x |
| 2019-12-31 | $9.63 | $13.41 | x |
| 2020-12-31 | $11.79 | $13.41 | x |
| 2021-12-31 | $13.39 | $13.41 | x |
| 2022-12-31 | $9.77 | $13.41 | x |
| 2023-12-31 | $10.64 | $13.41 | x |
| 2024-12-31 | $10.98 | $13.41 | x |
| 2025-12-31 | $11.93 | $13.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Royce Micro Cap Closed Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.91%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 198.89%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.03x
- Recent ROE (13.91%) is above the historical average (3.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 16.93% | 92.80% | 0.17x | 1.07x | $27.98 Million |
| 2007 | 1.38% | 14.15% | 0.09x | 1.13x | $-33.76 Million |
| 2008 | -62.87% | -3183.77% | 0.02x | 1.04x | $-167.49 Million |
| 2012 | 14.62% | 564.49% | 0.02x | 1.14x | $14.71 Million |
| 2013 | 31.64% | 3090.96% | 0.01x | 1.11x | $93.71 Million |
| 2014 | 2.12% | 179.66% | 0.01x | 1.16x | $-30.53 Million |
| 2015 | -15.61% | -883.46% | 0.02x | 1.15x | $-80.01 Million |
| 2016 | 17.69% | 1256.95% | 0.01x | 1.13x | $27.99 Million |
| 2017 | 14.86% | 99.00% | 0.14x | 1.11x | $19.93 Million |
| 2018 | -13.65% | 0.00% | -0.13x | 1.07x | $-81.70 Million |
| 2019 | 18.44% | 98.95% | 0.18x | 1.06x | $34.15 Million |
| 2020 | 4.76% | 98.17% | 0.05x | 1.04x | $-27.05 Million |
| 2021 | 16.14% | 98.92% | 0.16x | 1.04x | $36.23 Million |
| 2022 | -22.06% | 0.00% | -0.20x | 1.07x | $-149.35 Million |
| 2023 | 14.00% | 882.04% | 0.02x | 1.01x | $20.84 Million |
| 2024 | 11.64% | 1028.96% | 0.01x | 1.00x | $9.27 Million |
| 2025 | 13.91% | 198.89% | 0.07x | 1.03x | $24.68 Million |
Industry Comparison
This section compares Royce Micro Cap Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $551,643,441
- Average return on equity (ROE) among peers: -41.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Royce Micro Cap Closed Fund (RMT) | $630.80 Million | 16.93% | 0.03x | $597.45 Million |
| Acadian Asset Management Inc (AAMI) | $87.10 Million | 97.59% | 7.07x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.55 Billion | 15.37% | 0.00x | $3.30 Billion |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $134.30 Million | -18.79% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $175.57 Million | -11.78% | 0.57x | $77.32 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alpha Compute Corp (ALP) | $4.85 Million | -51.03% | 0.55x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $330.96 Million |
| Amber International Holding Limited (AMBR) | $14.38 Million | -201.69% | 2.45x | $92.17 Million |
| Affiliated Managers Group, Inc. (AMG) | $1.85 Billion | 3.21% | 0.83x | $9.40 Billion |
About Royce Micro Cap Closed Fund
Royce Micro-Cap Trust, Inc. is a closed-ended equity mutual fund launched and managed Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than $500 million. The fund benchmarks the performance … Read more