What is T. Rowe Price Group 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. T. Rowe Price Group's annualized net income for the quarter that ended in Dec. 2023 was $1,750 Mil. T. Rowe Price Group's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $6,285 Mil. Therefore, T. Rowe Price Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 27.85%.
The historical rank and industry rank for T. Rowe Price Group's Return-on-Tangible-Equity or its related term are showing as below:
TROW'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 27.69 Med: 30.77 Max: 49.5
Current: 29.83
During the past 13 years, T. Rowe Price Group's highest Return-on-Tangible-Equity was 49.50%. The lowest was 27.69%. And the median was 30.77%.
TROW's Return-on-Tangible-Equity is ranked better than 90.63% of 1675
companies
in the Asset Management industry
Industry Median: 4.53
vs TROW: 29.83
T. Rowe Price Group Return-on-Tangible-Equity Historical Data
The historical data trend for T. Rowe Price Group'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.
* Premium members only.
T. Rowe Price Group Return-on-Tangible-Equity Chart
Competitive Comparison of T. Rowe Price Group's Return-on-Tangible-Equity
For the Asset Management subindustry, T. Rowe Price Group'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.
T. Rowe Price Group's Return-on-Tangible-Equity Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, T. Rowe Price Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where T. Rowe Price Group's Return-on-Tangible-Equity falls into.
T. Rowe Price Group Return-on-Tangible-Equity Calculation
T. Rowe Price Group'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.
T. Rowe Price Group (NAS:TROW) 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.
T. Rowe Price Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of T. Rowe Price Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
T. Rowe Price Group (T. Rowe Price Group) Business Description
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of October 2023, the firm had $1.312 trillion in managed assets, composed of equity (51%), balanced (33%), fixed-income and money market (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just over 9% of its AUM from overseas.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TROW has been successfully added to your 