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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. Apollo Commercial Real Estate Finance's annualized net income for the quarter that ended in Dec. 2023 was $186.2 Mil. Apollo Commercial Real Estate Finance's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $2,210.3 Mil. Therefore, Apollo Commercial Real Estate Finance's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 8.42%.
The historical rank and industry rank for Apollo Commercial Real Estate Finance's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Apollo Commercial Real Estate Finance's highest Return-on-Tangible-Equity was 11.41%. The lowest was 0.75%. And the median was 9.56%.
The historical data trend for Apollo Commercial Real Estate Finance'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.
Apollo Commercial Real Estate Finance Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 8.96 | 0.75 | 9.79 | 11.41 | 2.55 |
Apollo Commercial Real Estate Finance Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -0.67 | 8.32 | -14.62 | 8.33 | 8.42 |
For the REIT - Mortgage subindustry, Apollo Commercial Real Estate Finance'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.
For the REITs industry and Real Estate sector, Apollo Commercial Real Estate Finance's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Apollo Commercial Real Estate Finance's Return-on-Tangible-Equity falls into.
Apollo Commercial Real Estate Finance's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 58.127 | / | ( (2354.504 | + | 2208.733 ) | / 2 ) | |
= | 58.127 | / | 2281.6185 | ||||
= | 2.55 % |
Apollo Commercial Real Estate Finance's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 186.16 | / | ( (2211.782 | + | 2208.733) | / 2 ) | |
= | 186.16 | / | 2210.2575 | ||||
= | 8.42 % |
* 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.
Apollo Commercial Real Estate Finance (NYSE:ARI) 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.
Thank you for viewing the detailed overview of Apollo Commercial Real Estate Finance's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Stuart Rothstein | officer: CFO, Treasurer and Secretary | 2180 SAND HILL RD, STE 200, MENLO PARK CA 94025 |
Mark C Biderman | director | NATIONAL FINANCIAL PARTNERS CORP, 340 MADISON AVENUE, 19TH FL, NEW YORK NY 10173 |
Pamela G Carlton | director | 901 S. MARQUETTE AVENUE, MINNEAPOLIS MN 55402 |
Robert A Kasdin | director | 239 CENTRAL PARK WEST, APT 3A, NEW YORK NY 10024 |
Anastasia G. Mironova | officer: CFO, Secretary & Treasurer | 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
Whonder Carmencita N.m. | director | 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
Eric Press | director | 1301 AVENUE OF THE AMERICA 38TH FLOOR, NEW YORK NY 10019 |
Jai Agarwal | officer: CFO, Treasurer and Secretary | 601 LEXINGTON AVE, 26TH FLOOR, NEW YORK NY 10022 |
Katherine G. Newman | director | C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
Michael Salvati | director | |
Brenna Haysom Romando | director | 36 BLOOMS CORNERS ROAD, WARWICK NY 10990 |
Jeffrey M Gault | director | MORGANS HOTEL GROUP CO., 475 TENTH AVENUE, NEW YORK NY 10018 |
Scott Prince | director | 9 W 57TH STREET, NEW YORK NY 10019 |
Investment Authority Qatar | 10 percent owner | P.O. BOX 23224, DOHA S3 QATAR |
Cindy Z Michel | director | C/O APOLLO INVESTMENT CORPORATION, 9 WEST 57TH STREET, NEW YORK NY 10019 |
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