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. Federal Agricultural Mortgage's annualized net income for the quarter that ended in Dec. 2023 was $190.5 Mil. Federal Agricultural Mortgage's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $1,398.6 Mil. Therefore, Federal Agricultural Mortgage's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 13.62%.
The historical rank and industry rank for Federal Agricultural Mortgage's Return-on-Tangible-Equity or its related term are showing as below:
AGM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.95 Med: 12.71 Max: 14.91
Current: 14.91
During the past 13 years, Federal Agricultural Mortgage's highest Return-on-Tangible-Equity was 14.91%. The lowest was 10.95%. And the median was 12.71%.
AGM's Return-on-Tangible-Equity is ranked better than 74.06% of 505
companies
in the Credit Services industry
Industry Median: 7.07
vs AGM: 14.91
Federal Agricultural Mortgage Return-on-Tangible-Equity Historical Data
The historical data trend for Federal Agricultural Mortgage's Return-on-Tangible-Equity 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.
For the Credit Services subindustry, Federal Agricultural Mortgage'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.
Federal Agricultural Mortgage Return-on-Tangible-Equity Distribution
For the Credit Services industry and Financial Services sector, Federal Agricultural Mortgage's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Federal Agricultural Mortgage's Return-on-Tangible-Equity falls into.
Federal Agricultural Mortgage Return-on-Tangible-Equity Calculation
Federal Agricultural Mortgage's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 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 four times the quarterly (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Federal Agricultural Mortgage (NYSE:AGM) 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.
Federal Agricultural Mortgage Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Federal Agricultural Mortgage's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Federal Agricultural Mortgage (Federal Agricultural Mortgage) Business Description
Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of seven segments: Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding, Investments, and Corporate. The company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Its subsidiary purchases the portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA.
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