If you go to the SIAF balance sheet and compute return on non-land, non-loan assets, you will see that the return on those assets approximates 100%
Viking has it right. But you claim anyone can have their view of what any term means, I guess. Obviously a spurious concept; perhaps synthetic, if you like.
Nonetheless. okay, let's see how this would work, even your way. Please show how SIAF has 100%+ return on assets less land and loans. I see $217M in assets, of which $55M is land. Loans are minimal.