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Artisan Partners Asset Management (Artisan Partners Asset Management) ROE % : 83.32% (As of Dec. 2023)


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What is Artisan Partners Asset Management ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Artisan Partners Asset Management's annualized net income for the quarter that ended in Dec. 2023 was $259 Mil. Artisan Partners Asset Management's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $311 Mil. Therefore, Artisan Partners Asset Management's annualized ROE % for the quarter that ended in Dec. 2023 was 83.32%.

The historical rank and industry rank for Artisan Partners Asset Management's ROE % or its related term are showing as below:

APAM' s ROE % Range Over the Past 10 Years
Min: 41.05   Med: 83.42   Max: 147.37
Current: 76.41

During the past 13 years, Artisan Partners Asset Management's highest ROE % was 147.37%. The lowest was 41.05%. And the median was 83.42%.

APAM's ROE % is ranked better than
98.94% of 1697 companies
in the Asset Management industry
Industry Median: 4.06 vs APAM: 76.41

Artisan Partners Asset Management ROE % Historical Data

The historical data trend for Artisan Partners Asset Management's ROE % 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.

* Premium members only.

Artisan Partners Asset Management ROE % Chart

Artisan Partners Asset Management Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 116.82 135.67 147.37 76.80 75.82

Artisan Partners Asset Management Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 78.44 79.98 73.50 83.32 70.21

Competitive Comparison of Artisan Partners Asset Management's ROE %

For the Asset Management subindustry, Artisan Partners Asset Management's ROE %, along with its competitors' market caps and ROE % 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.


Artisan Partners Asset Management's ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Artisan Partners Asset Management's ROE % distribution charts can be found below:

* The bar in red indicates where Artisan Partners Asset Management's ROE % falls into.



Artisan Partners Asset Management ROE % Calculation

Artisan Partners Asset Management's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=222.289/( (262.221+324.151)/ 2 )
=222.289/293.186
=75.82 %

Artisan Partners Asset Management's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=259.024/( (297.584+324.151)/ 2 )
=259.024/310.8675
=83.32 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Artisan Partners Asset Management  (NYSE:APAM) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=259.024/310.8675
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(259.024 / 995.988)*(995.988 / 1411.768)*(1411.768 / 310.8675)
=Net Margin %*Asset Turnover*Equity Multiplier
=26.01 %*0.7055*4.5414
=ROA %*Equity Multiplier
=18.35 %*4.5414
=83.32 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=259.024/310.8675
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (259.024 / 452.1) * (452.1 / 305.712) * (305.712 / 995.988) * (995.988 / 1411.768) * (1411.768 / 310.8675)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.5729 * 1.4788 * 30.69 % * 0.7055 * 4.5414
=83.32 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Artisan Partners Asset Management ROE % Related Terms

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Artisan Partners Asset Management (Artisan Partners Asset Management) Business Description

Traded in Other Exchanges
Address
875 East Wisconsin Avenue, Suite 800, Milwaukee, WI, USA, 53202
Artisan Partners Asset Management Inc is a global investment management firm providing a range of investment strategies to a diverse group of clients around the world. Each of the company's strategies is managed by one of its several investment teams. Investment management services are primarily offered to institutions through separate accounts and mutual funds. Artisan's investment offerings include several long-only, equity investment strategies across a multitude of market capitalization segments and investing styles in both the United States and international markets. In addition to its equity strategies, customers may invest in a fixed-income strategy. Strategies are often distributed to customers ranging from retail investors to institutional investors through specialized channels.
Executives
Laura Ellen Simpson officer: Exec VP, CLO & Secretary 875 E WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202
Gregory K Ramirez officer: Senior Vice President 875 EAST WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202
Samuel Bentson Sellers officer: Executive Vice President 875 E WISCONSIN AVENUE SUITE 800, MILWAUKEE WI 53202
Tench Coxe director 755 PAGE MILL ROAD, SUITE A-200, PALO ALTO CA 94304
Saloni S Multani director 875 EAST WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202
Eileen Lee Kwei officer: Executive Vice President ONE CALIFORNIA STREET SUITE 2800, SAN FRANCISCO CA 94111
Jason A Gottlieb officer: Executive Vice President 875 E. WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202
Jennifer Barbetta director ARTISAN PARTNERS ASSET MANAGEMENT INC., 875 E. WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202
Christopher J Krein officer: Executive Vice President 875 E. WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202
Zfic, Inc. director 875 EAST WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202
Carlene M Ziegler director C/O ARTISAN PARTNERS LIMITED PARTNERSHIP, 875 EAST WISCONSIN AVE STE 800, MILWAUKEE WI 53202
Andrew A Ziegler director C/O ZIEGLER FAMILY OFFICE, 100 N. CORPORATE DRIVE, SUITE 190, BROOKFIELD WI 53045
Artisan Investment Corp director 875 EAST WISONSIN AVE STE 800, MILWAUKEE WI 53202
Hamman James S Jr officer: Executive Vice President 70 MUIRFIELD CIRCLE, WHEATON IL 60187
Stephanie Dimarco director 301 BRANNAN ST, SAN FRANCISCO CA 94107

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