What is AllianceBernstein Holding LP 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. AllianceBernstein Holding LP's annualized net income for the quarter that ended in Dec. 2023 was $316.8 Mil. AllianceBernstein Holding LP's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $2,024.4 Mil. Therefore, AllianceBernstein Holding LP's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 15.65%.
The historical rank and industry rank for AllianceBernstein Holding LP's Return-on-Tangible-Equity or its related term are showing as below:
AB'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.29 Med: 14.37 Max: 23.92
Current: 12.93
During the past 13 years, AllianceBernstein Holding LP's highest Return-on-Tangible-Equity was 23.92%. The lowest was 11.29%. And the median was 14.37%.
AB's Return-on-Tangible-Equity is ranked better than 74.75% of 1675
companies
in the Asset Management industry
Industry Median: 4.53
vs AB: 12.93
AllianceBernstein Holding LP 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.
Competitive Comparison of AllianceBernstein Holding LP's Return-on-Tangible-Equity
For the Asset Management subindustry, AllianceBernstein Holding LP'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.
AllianceBernstein Holding LP's Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, AllianceBernstein Holding LP's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where AllianceBernstein Holding LP'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 four times the quarterly (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.
AllianceBernstein Holding LP Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of AllianceBernstein Holding LP's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
AllianceBernstein Holding LP (AllianceBernstein Holding LP) Business Description
AllianceBernstein provides investment management services to institutional (44% of assets under management), retail (39%), and private (17%) clients through products that includes mutual funds, hedge funds, and separately managed accounts. At the end of October 2023, AB had $652 billion in managed assets, composed primarily of fixed-income (39% of AUM) and equity (42%) strategies, with other investments (made up of asset allocation services and certain other alternative investments) accounting for the remainder. The company also provides sell-side research and brokerage services through its Sanford Bernstein subsidiary (which has been put in available-for-sale status following the joint venture agreement with Société Générale).
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